K.K.P Fine Linen Private Limited (“KKPFL”), a well-known Indian producer and exporter of bed linens and cosmetics from Namakkal, has received funding from the Good Fashion Fund, the Laudes Foundation, and the Fashion for Good launched fund administered by FOUNT. K.K.P.’s investment in installing an Effluent Treatment Plant (ETP) in their future wet processing plant in SIPCOT, Perundurai, Tamil Nadu, will be supported by the 2.0 million USD loan.
The development of a cutting-edge biological effluent treatment plant (ETP) with a Zero Liquid Discharge (ZLD) technology will be funded by the investment in K.K.P Fine Linen. The ETP will be a component of SIPCOT’s (Perundurai) recently purchased griege fabric process unit, which has a daily installed capacity of 100,000 meters. The majority of the employees will be recruited from nearby areas, and the business will engage in community and gender development programs in addition to more general environmental and social sustainability projects.
India is emerging as a major home textiles market for both domestic and foreign brands, and KKPFL is well-positioned to capitalize on this trend by backward integrating the processing activities, boosting manufacturing efficiency, and expanding their potential income. By having complete control over its products, which are made in accordance with the strictest sustainability standards and legal regulations, the company would be able to satisfy the needs of its clients.
In accordance with strict local pollution control regulations, the ETP (including the processing unit) is anticipated to show positive savings, particularly in the areas of chemical consumption, freshwater usage, and material waste reduction. Additionally, KKPFL (and KKP Group) benefits from 100% renewable energy sourced from wind and solar, with their in-house plant providing about 40 megawatts of that total.
Speaking on the partnership, Sathesh Kumar Nallathambi, Managing Director of KKP Fine Linen Privated Limited, “We are beyond thrilled to partner with the Good Fashion Fund as the 2 million USD investment in our upcoming wet processing plant enables us to meet the rising demand for sustainable practices in the textile industry. This strategic collaboration represents a pivotal moment in our ongoing journey toward a more sustainable future. With this investment, we are making bold strides to reinforce our commitment to sustainable practices, driving both long-term impact and growth within our company.
As leaders in sustainability within the home textiles manufacturing sector, this funding propels us forward. It ensures that we not only meet the demands of today but also lead by example in the sustainable fashion movement.”
Bob Assenberg, Fund Director of Good Fashion Fund commented “We are excited to venture into the home textiles segment in India through this investment in K.K.P Fine Linen, based in Namakkal. Through this partnership, we aim to accelerate and demonstrate the potential of sustainable manufacturing practices in the home textile segment.
KKPFL has proactively integrated sustainability in its strategy and operations and continues to strive for new heights as a young and upcoming bedding and made-ups producer. This partnership marks an important milestone for KKPFL and GFF.”
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. The Fund is managed by FOUNT, a leading impact investment firm from the Netherlands.
Current partners of the GFF also include Pratibha Syntex (India), Sri Kannapiran Mills (India), Progress Apparels (Bangladesh) and EPIC Group (Bangladesh).
Website: www.goodfashionfund.com
LinkedIn: Good-Fashion-Fund
K.K.P Fine Linen Private Limited (KKPFL) is engaged in the business of manufacturing bedding and made ups with its factory in Namakkal, Tamil Nadu. KKPFL is involved in the production and export of high-quality grey fabrics, bed linen and top of the bed products. Under the able direction of second generation leadership and a team of professionals, KKPFL has achieved stellar growth and continues its legacy in home textile manufacturing. Sustainability is part of its core vision, with a focus on five key areas of impact:
• Energy management: more than 40MWs of renewable energy generated internally; taking direct action on SDG 13 (Climate Action)
• Green sourcing: Replacing conventional materials with biodegradable materials like organic cotton and preferred man-made cellulosics (pMMCs)
• Packaging and logistics: Using packaging materials that are largely biodegradable such as self fabrics and recycled carton boxes; adoption of smart technologies in logistics
• Resource management: Investing in state-of-art technologies that allows minimal wastage and reduction in the usage of chemicals, water and energy
• Health and safety: Several employee safety and welfare programs including periodic training, safety measures and coverage under social security benefits
Website: https://kkpindia.com
