A look at Inside T&T Fashion
Photo caption: Ecliff Elie; Ayanna Diaz; Lisa-Marie Daniel, General Manager, FashionTT; Asha Diaz; Jason Lindsay, Chairman, FashionTT and Janelle Forde.
Port of Spain, 11th January 2019: An exclusive press conference, Inside T&T Fashion, was held by the Ministry of Trade and Industry and the Trinidad and Tobago Fashion Industry Company Limited (FashionTT) on Friday 11th January 2019. The conference centred the cornerstone project of FashionTT’s strategic plan for the Fashion Industry, the Value Chain Investment Programme (VCIP), and its accomplishments to date.
The Fashion Value Chain Investment Programme assesses local firms by an independent international panel who categorizes firms into one of the four levels of the VCIP: The Global Value Chain (GVC) Programme, Non-Global Value Chain (non-GVC) Programme, Business Advisory and Financing Programme and the Future Support Training Programme.
“Since its inception, over 100 designers have been accepted into the programme” explained Chairman of FashionTT, Jason Lindsay. “These persons received support in improving various elements of their businesses by the National Entrepreneurship Development Company Limited (NEDCO) and Professor at the Fashion Institute of Technology and consultant, Vincent Quan.”
To date, several designers have expanded their businesses significantly with continued sales increases, expansions in retail distribution and export generation regionally and internationally, the overall increase in sales for the designers within the Non-GVC tier was an estimated 20%, with one designer in the lead with a 59% boost in sales, two designers from this cohort were elevated to the Global Value Chain (GVC) Tier of the VCIP, the highest tier, and participating designers have expanded their reach into international markets, including South Korea, Israel, Australia, New Zealand, US, UK, Samoa, Philipines.
Representing some of the VCIP designers at the conference were Ecliff Elie of the GVC tier, Jinelle Forde of J.Angelique and Asha and Ayanna Diaz of Wadada Movement from the Non-GVC tier. Each gave their experiences and stories of growth from being active participants from within the programme, particularly in the areas of business models, structure, job creation, profits and vision.
“The fashion industry is a flourishing one worldwide and Trinidad and Tobago’s industry is on the rise” states FashionTT’s General Manager, Lisa-Marie Daniel. “The fashion sector has been one of the main focus areas for diversification and FashionTT and the Value Chain Investment Programme (VCIP) is taking the local industry to new heights. We are very proud of all the accomplishments these remarkable designers have been able to achieve in such a short time and look forward to what the future has in store. We are extremely grateful for all the support that we have received from everyone in making this initiative a success.”
For more information on the Value Chain Investment programme visit www.fashiontt.co.tt/VCIP or follow FashionTT’s social media pages, Facebook, Instagram and YouTube, to keep up-to-date with this and other fashion industry initiatives.
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