FDCI’s latest fashion news in India is; the COVID-19 support fund (CSF by FDCI), which is attempting to give the Indian fashion industry and Indian fashion designers a little support, as ecosystems have been temporarily ruptured, due to the outbreak of deadly Coronavirus.
Specifications of COVID-19 Support Fund
It was the biggest fashion news in India when, the Fashion Design Council Of India (FDCI) around 28th March 2020, took the lead to set up a COVID-19 Support Fund (CSF by FDCI) to provide financial assistance to small businesses and young Indian fashion designers in need. After the Fashion Design Council Of India took this initiative- Lakmé Fashion Week joined hands with them to help the Indian fashion industry during these catastrophic times.
The honorable Minister of Textiles “Smriti Irani” also appreciated the COVID-19 Support fund initiated by the Fashion Design Council of India, and stated how these small workers and artisans play an essential role in the success of the Indian fashion industry and now is the time when they need the help most.
“My gratitude to the Fashion Design Council of India ably led by Sunil Sethi for coming up with the COVID-19 fund.”-Smriti Irani
CSF’s Important Update
On 14th May 2020, the Fashion Design Council of India informed through their official Instagram account that whoever applied for CSF was accepted and the Indian fashion designers were briefed. Their payments were also processed for respective wages and rents. FDCI informed that they were opening the second round to non-FDCI designers, who applied to them.
2nd Round- Supporting Non-FDCI Designers
It became the latest fashion news in India, when the Fashion Design Council Of India, finally processed evaluating all the non-FDCI designers applications. Among an initial lot of applications, every FDCI member who applied was assisted. In the second round, the funds were distributed to 50% of the eligible designers, who are not the members of the Fashion Design Council Of India. FDCI with a post-Instagram wrote “We would like to thank our big-hearted contributors, who are steadfastly standing by us and are still giving wings to this initiative”, the post further went on “The CSF is ongoing, as we still await contributions, which will help us with new initiatives in the future”.
The Fashion Design Council Of India is a not-for-profit organization that works to further strengthen the business of fashion in India along with sustainable growth. FDCI aptly stands on accomplishing its mission as during such devastating times it came forward to stand by the Indian fashion industry and Indian fashion designers. They are promoting the concept of #InThisTogether.