PDS partners with Good Fashion Fund to install a state-of-the-art car wash
PDS Limited, the global fashion infrastructure company, will set up a state-of-the-art washing plant at Progress Apparels Bangladesh Ltd., one of PDS’ manufacturing subsidiaries in Bangladesh. This plant, with a washing capacity of six million garments per year, was set up in partnership and with funding from the Netherlands-based Good Fashion Fund, which is subject to the required regulatory approval.
With this facility, Progress Apparels can now handle 90% of today’s laundry needs in-house, resulting in savings on transportation costs and production time, which translates into operational efficiency.
The Good Fashion Fund is a one-of-a-kind impact investment fund initiated by the Laudes Foundation, aimed at driving systemic change in the textile and apparel industry, by financing the implementation of technologies and cutting-edge and disruptive innovations offering good fashion practices.
Progress Apparels, a LEED Gold certified green manufacturing facility, is based in Adamjee EPZ with an area of 270,000 square feet of production units and manufactures approximately 0.9 million socks (formal and casual), school wear, shorts and skirts per month.
The facility caters to some of the leading retail brands across the globe.
Inaugurating the factory, Pallak Seth, Vice President of PDS Limited, said: “With over 20 years of experience in the apparel value chain, PDS has become the preferred partner of over 200 of the largest retail brands around the world. As a conscientious corporate group and partner of retailers, we are committed to fulfilling our responsibility towards our customers and the environment. Our partnership with the Good Fashion Fund is another example of PDS aiming to work with leading organizations that focus on all things good for the environment and good for the world.
Sanjay Jain, Global CEO of PDS Limited, added, “Our manufacturing business has developed operational excellence and turned profitable over the past year, contributing to PDS’ bottom line. With this investment in the wash plant, we have not only equipped Progress Apparels to further amplify its apparel manufacturing capabilities, but also benefit from Good Fashion Fund’s expertise in sustainable practices and the implementation of advanced technologies.