Amsterdam The Fashion for Good launched fund, which is managed by FOUNT, the Laudes Foundation, and the Good Fashion Fund have invested in K.K.P Fine Linen Private Limited (“KKPFL”), a well-known Indian producer and exporter of cosmetics and bed linens from Namakkal. K.K.P.’s investment in installing an Effluent Treatment Plant (ETP) in their future wet processing unit at SIPCOT will be supported by the 2.0 million US dollar loan. Tamil Nadu’s Perundurai state.
Amsterdam The Fashion for Good launched fund, which is managed by FOUNT, the Laudes Foundation, and the Good Fashion Fund have invested in K.K.P Fine Linen Private Limited (“KKPFL”), a well-known Indian producer and exporter of cosmetics and bed linens from Namakkal. K.K.P.’s investment in installing an Effluent Treatment Plant (ETP) in their future wet processing unit at SIPCOT will be supported by the 2.0 million US dollar loan. Tamil Nadu’s Perundurai state.
According to strict local pollution control regulations, the ETP (and the processing unit) should show positive savings, particularly in the areas of chemical consumption, freshwater usage, and material waste reduction. 100% renewable energy sourcing also helps KKPFL (and KKP Group).
(wind and solar), with over 40 megawatts coming from their own facility. “We are incredibly excited to collaborate with the Good Fashion Fund as the $2 million USD investment in our future wet processing plant allows us to meet the growing demand for sustainable practices in the textile industry,” said Sathesh Kumar Nallathambi, Managing Director of KKP Fine Linen Private Limited, in reference to the partnership.
In our continuous quest for a more sustainable future, this strategic partnership marks a turning point. We are taking decisive action to reaffirm our dedication to sustainable practices with this investment, which will have a long-term effect and propel our business forward.
This support helps us advance as industry leaders in sustainable home textile manufacturing. It ensures that we not only meet the demands of today but also lead by example in the sustainable fashion movement.”
“With this investment in K.K.P Fine Linen, based in Namakkal, we are excited to venture into the home textiles segment in India,” said Bob Assenberg, Fund Director of the Good Fashion Fund. With this collaboration, we hope to expedite and illustrate the possibilities of sustainable
procedures used in the home textile industry. As a young and up-and-coming manufacturer of bedding and cosmetics, KKPFL has aggressively incorporated sustainability into its strategy and operations and is still pushing for new heights. This collaboration represents a significant turning point for GFF and KKPFL.
Fashion for Good launched the Good Fashion Fund (GFF), which is a partnership between the Laudes Foundation, The Mills Fabrica, and FOUNT, with Rabobank serving as the Fund’s lender. The Fund offers technical, environmental, and social expertise together with long-term USD financing. to Asian manufacturers, mostly in Bangladesh and India. The purpose of financing is to invest in impact. equipment that promotes excellent fashion practices and economic success. With an actual fund size of USD 19 million, the Good Fashion Fund has a mixed capital structure. One of the top impact investing companies in the Netherlands, FOUNT, is in charge of managing the Fund. Current partners of the GFF also include Pratibha Syntex (India), Sri Kannapiran Mills (India), Progress Apparels (Bangladesh) and EPIC Group (Bangladesh).