PARTNERSHIP FASHION ENTREPRENEUR FUND NATIONAL
MUMBAI, MAHARASHTRA, INDIA
By IFAB MEDIA - NEWS BUREAU - July 26, 2024 | 357 4 minutes read
Ravi Jaipuria, Chairman of RJ Corp—a conglomerate involved in beverages, fast food, real estate, education, and healthcare—brings his expertise, insight, and philanthropic vision to the Fashion Entrepreneur Fund (FEF). His involvement aims to empower and elevate fashion entrepreneurs in India. The fashion industry, valued at up to ₹125 billion, attracted Jaipuria's interest and sparked this partnership with FEF.
Akshay Kumar is also committed to supporting emerging talent in the fashion industry. Known for his dedication to various ventures and causes, Kumar's involvement with FEF stems from his desire to give back to the community and nurture the next generation of fashion entrepreneurs, aligning with the Make in India initiative.
Ravi Jaipuria expressed his enthusiasm, saying, “I’m thrilled to collaborate with the Fashion Entrepreneur Fund. The fashion industry in India holds immense untapped potential, and I am confident that FEF offers an ideal platform to nurture and showcase this talent. Fashion, beyond its allure, is a formidable industry, and 4.5 crore fashion enthusiasts in India are facing a lack of funds to kickstart their businesses.
“Having seen the transformative power of entrepreneurship across various sectors, I believe FEF is uniquely positioned to drive a new wave of innovation and investment within the Indian fashion landscape, empowering the next generation of entrepreneurs to shape the future of fashion,” Jaipuria added.
Akshay Kumar shared his excitement, stating, “I’m incredibly excited to join forces with the Fashion Entrepreneur Fund. The fashion industry in India is brimming with untapped potential, and I believe FEF provides the perfect platform to nurture and showcase this talent.
“I have been closely associated with the fashion industry and strongly believe that given an opportunity, our fashion creators can rule on the global stage. Fashion, beyond the glitz and glamour, is a powerful force. Having witnessed the transformative power of entrepreneurship in other sectors, I believe FEF is well-positioned to unlock a new wave of innovation within the Indian fashion industry,” Kumar said.
Vagish Pathak, Chairman, and Sanjay Nigam, Founder of Fashion Entrepreneur Fund, commented, “Having Mr. Ravi Jaipuria and Mr. Akshay Kumar on board is a tremendous boost for the Fashion Entrepreneur Fund. Our mission is to create a vibrant ecosystem where fashion dreams can flourish into successful enterprises. With these two stalwarts joining us, we are poised to accelerate this mission and reach new heights.
“Mr. Jaipuria’s extensive experience in fostering entrepreneurship and Mr. Kumar’s passion for innovation align perfectly with our goals. With their support, we are confident that FEF will become the go-to platform for fashion entrepreneurs in India, providing them with the investment, resources, and mentorship they need to succeed,” Pathak added.