Wazir Advisors has partnered with Good Fashion Fund (GFF), Netherlands to provide technical advisory services related to impact investments in the fashion industry. Through this partnership, Wazir will advise GFF on technical, sustainability and supply chain aspects of the potential investments, as well as explore and identify other areas of opportunity and collaboration within the textile & apparel industry.
Commenting on the partnership, Varun Vaid, Business Director, Wazir Advisors, said, “We are excited to collaborate with Good Fashion Fund. With increased consumer awareness and pressure from global buyers & policy makers, sustainability has become a matter of urgency. Wazir is committed to being a part of the sector’s progress, and we believe this collaboration will be pivotal in encouraging Indian stakeholders to adopt sustainable practices.”
In the competitive landscape of textile and apparel manufacturing, integrating sustainable technological solutions into their supply chain becomes essential for manufacturers to retain their edge. GFF provides long-term USD debt directly to manufacturers to facilitate the adoption of highly impactful and disruptive production technologies, with the goal of establishing a textile & apparel supply chain that is restorative and regenerative. GFF aims to support manufacturers through – technical assistance for E&S improvements, access to a network of industry experts and professionals including Wazir, visibility and exposure to brands and the international fashion sector as a ‘front-runner’ in sustainability.
Bob Assenberg, Fund Director, GFF mentioned, “As the only impact fund globally providing risk-tolerant debt for investments in sustainable and circular textile & apparel technologies in Asia, we are thrilled to be partnering with Wazir Advisors. Wazir’s extensive industry network will help us connect with industry stakeholders whereas their technical expertise will support our decision making to partner with manufacturers in making the shift toward sustainability.”
The partnership aims to broaden the scope of opportunities for textile & apparel stakeholders inclined towards adopting and scaling up sustainable innovations in their supply chain through impact investments. The investment and E&S expertise of GFF along with the financial and technical expertise provided by Wazir Advisors will significantly improve the positive impact of manufacturing along the Five Goods: Good Energy, Good Water, Good Materials, Good Lives and Good Economy.
About Wazir Advisors:
Wazir Advisors is a leading management consulting firm based in Gurgaon, India. The company specialises in strategy, operations, and investment advisory services for clients in various sectors, including textile & apparel, retail & consumer products, food & agriculture, and skill development.
About Good Fashion Fund:
The Good Fashion Fund (GFF), is initiated by Fashion for Good and is a collaboration between Laudes Foundation, The Mills Fabrica and FOUNT complemented by Rabobank as lender to the Fund. The Fund provides long-term USD loans in addition to technical and environmental and social expertise to manufacturers in Asia, primarily India and Bangladesh. Financing is to be used to invest in impact equipment that deliver both economic growth and good fashion practice. The Good Fashion Fund has a blended capital structure with an actual fund size of USD 19 million. Current partners of the GFF include Pratibha Syntex, a vertically-integrated ‘farm-to-fashion’ producer in India; Progress Apparels, a ready-made garment producer in Bangladesh and Sri Kannapiran Mills, a cotton yarn and sustainable denim manufacturer in India. The Fund is managed by FOUNT, a leading impact investment firm from the Netherlands.
