Bangladesh's Fashion Industry
The Good Fashion Fund (GFF), a Netherlands-based impact investment fund promoting sustainable practices in the fashion industry, has made its first investment in Bangladesh.
Progress Apparel Ltd, a woven pant exporter situated in Adamjee EPZ, Narayanganj would construct a cutting edge in-house washing plant out of the $1 million venture, as per a press explanation. The washing plant will be outfitted with cutting edge washing, drying, and hydro machinery selected for its proficient utilization of water and synthetics.
The Good Fashion Fund’s investment – which is organized through Progress Apparels’ holding organization in Hong Kong, PDS Ltd – is empowering the organization, as another player in the material area, to get to worldwide financing while advancing sustainable investments.
The interest in the in-house washing plant not just produces savings in water and chemical usage contrasted with traditional apparatus, yet in addition advances supply chain traceability and transparency as washing is not generally rethought, and the production line is presently well equipped for observing water, energy and compound use and the social well-being of its employees. Restricting transport to and from the outsourced facility will additionally lessen emissions.
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