Local Fashion Industry Poised for Global Competitiveness
Photo caption: FashionTT General Manager, Lisa-Marie Daniel (middle), introduces Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry, to Sanian Lewis, designer behind the brand Saniantos. Also present are (l-r) British High Commissioner to Trinidad and Tobago, His Exellency Tim Stew; Chairman of CreativeTT, Mr. Calvin Bijou and Chairman of FashionTT, Mr. Jason Lindsay.
Port of Spain, 30th June 2018: On Saturday 30th June, 2018, The Trinidad and Tobago Fashion Company Limited (FashionTT) launched the second instalment of its Value Chain Investment Programme, a strategic initiative aimed at increasing the commercial impact of the local fashion sector.
Chairman of the Trinidad and Tobago Creative Industries Company Limited (CreativeTT) and parent company of FashionTT, Mr. Calvin Bijou, explained, “The strategic plan for the fashion industry prudently earmarked vital near, medium and long-term projects to aggressively drive the business development and export activity of the local fashion industry. The cornerstone of these is the Value Chain Investment Programme (VCIP). This Programme provides mentoring and training for designers and aspiring designers irrespective of where they find themselves in some of the business stages.”
The Programme is subdivided into four tiers: The Global Value Chain (GVC) Support Programme, Non-Global Value Chain (non-GVC) Support Programme, Incubator Programme for New/Young High Potential Companies or Partnerships and firms that are earmarked for Future Support. Since inception, the Programme has grown by leaps and bounds with 29 designers being accepted in 2017 and approximately 100 in 2018.
Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry praised FashionTT for this accomplishment and congratulated the designers who participated in the inaugural cohort on the business success they’ve experienced as a result. “It is heartening to hear of growth in their respective businesses including, for some, entry into regional markets in keeping with the strategic direction outlined by FashionTT for the period 2015 – 2020. This augurs well for the fashion industry and for the domestic economy of Trinidad and Tobago as it introduces a new stream of revenue, job creation and foreign exchange earnings.”
Photo courtesy: Jeff Mayers
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About the Trinidad and Tobago Fashion Company Limited (FashionTT)
The Trinidad and Tobago Fashion Company Limited (FashionTT) was established in 2013 with the mandate to stimulate and facilitate the business development and export activity of the fashion industry in Trinidad and Tobago to generate national wealth. As a subsidiary of the Trinidad and Tobago Creative Industries Company Limited (CreativeTT), FashionTT provides service for our local fashion industry stakeholders primarily fashion designers in the areas of fashion apparel, functional apparel and accessories. The strategic plan for Trinidad and Tobago’s fashion industry can be found at www.fashiontt.co.tt/strategy and more detailed information on the various projects and initiatives spearheaded by FashionTT can be found on www.fashiontt.co.tt
About the Trinidad and Tobago Creative Industries Company Limited (CreativeTT)
The Trinidad and Tobago Creative Industries Company Limited (CreativeTT) is a wholly owned State enterprise established by The Government of the Republic of Trinidad and Tobago through the Ministry of Trade and Industry. CreativeTT’s mandate is ‘to stimulate and facilitate the business development and export activities of the Creative Industries in Trinidad and Tobago to generate national wealth’ and, as such, the company is responsible for the strategic and business development of the three (3) niche areas and subsectors under its purview- Film, Fashion and Music. For further information, please visit www.creativett.co.tt