Initiated by Fashion for Good, the Good Fashion Fund has signed the first investment contract with Indian manufacturer Pratibha Syntex. As per this contract, the investment company has granted a $4.5 million long-term loan to Pratibha Syntex to support its planned capital expenditures for machine replacement and sustainable equipment expansion in various sectors.

The $ 4.5 million investment will replace machinery in the spinning, processing and garment sectors, providing new equipment to expand its activities and facilities. The new equipment will significantly reduce the amount of water, energy and chemicals used. This enables Pratibha Syntex to drive a sustainability agenda to meet clients’ manufacturing demands while at the same time meeting their positive ambitions for climate change.

Pratibha Syntex supplies textiles and garments to popular brands such as C & A, H & M, Patagonia and Zara. Founded in 1997 in Pitampur, India, it is a sustainable, vertically integrated “farm-to-fashion” textile and garment producer. With more than 6,000 employees, the company connects 35,000 farmers in more than 20 countries with apparel brands and produces more than 40 million clothing annually.