26 July 2024
The Good Fashion Fund, based in the Netherlands, along with the Laudes Foundation and the Fashion for Good initiative, have invested $2.5 million in Sri Kannapiran Mills Limited, a prominent Indian producer of cotton yarn and eco-friendly denim fabrics located in Coimbatore. The investment will provide a loan to Kannapiran Mills, enabling them to replace and expand crucial sustainable equipment in two spinning factories (KG Naidu Mill and Balaji Mill) and a denim fabric weaving and processing factory (KG Fabriks). This financial support, as stated by the GFF, will help SKML meet the production requirements of its clients, enhance their comprehensive sustainability approach, and increase competitiveness in the global supply chain as brands adhere to upcoming regulations and adopt more rigorous sustainability standards.
