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Description Fabric Plus manufactures and exports high-quality Eri silk yarns and Assam silk products. The company’s responsibe sourcing and production techniques also create livelihoods for marginalized women in several regions of northeastern India. Headquarters: Guwahati, India Established: 2005 Impact Areas: India Organization Model: For-profit Sectors: Economic Development, Environment Staff Size: 500 + Annual Budget: $6,677,000 Major Funders: Northeastern Development Financial Institute, Central Silk Board, Government of Assam, Punjab National Bank Stage: Post-revenue Management Team CEO: Dilip Barooah “I am blessed to have a likeminded and dedicated team, which enables us to achieve significant impact in our society... Our confidence, commitment and guts are our biggest assets in moving forward and impacting a greater number of people.” FABRIC PLUS PVT. LTD. S A N T A C L A R A U N I V E R S I T Y Target Market The Indian and domestic market for apparel including silk is approximately $39 billion, and Fabric Plus estimates it can feasibly serve 480,000 individuals in the coming years. In Assam and surrounding regions, there are over 15,000 individuals who could benefit from direct employment with the company as well as over 600,000 farmers and handloom weavers who could contribute materials to the company’s supply chain. Value Proposition Fabric Plus is a silk manufacturing and marketing company that uses an integrated production approach to turn fibers into yarn and then silk. The company’s product and service targets the growing global demand for rare, responsibly produced silk products and provides a platform for creating livelihood opportunities for rural youth and communities in northeastern India. Dilip Barooah, CEO [email protected] Fabric Plus Pvt. Ltd. www.fabricplus.in Improving quality of life, reducing poverty, and decreasing social unrest by employing rural youth in northeastern India

GSBI Fabric Plus Final profile

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Page 1: GSBI Fabric Plus Final profile

DescriptionFabric Plus manufactures and exports high-quality Eri silk yarns and Assam silk products. The company’s responsibe sourcing and production techniques also create livelihoods for marginalized women in several regions of northeastern India.

Headquarters: Guwahati, IndiaEstablished: 2005Impact Areas: IndiaOrganization Model: For-profitSectors: Economic Development, EnvironmentStaff Size: 500 +Annual Budget: $6,677,000Major Funders: Northeastern Development Financial Institute, Central Silk Board, Government of Assam, Punjab National BankStage: Post-revenueManagement TeamCEO: Dilip Barooah

“I am blessed to have a likeminded and dedicated team, which enables us to achieve significant impact in our society... Our confidence, commitment and guts are our biggest assets in moving forward and impacting a greater number of people.”

FABRIC PLUS PVT. LTD.

S A N T A C L A R A U N I V E R S I T Y

Target MarketThe Indian and domestic market for apparel including silk is approximately $39 billion, and Fabric Plus estimates it can feasibly serve 480,000 individuals in the coming years. In Assam and surrounding regions, there are over 15,000 individuals who could benefit from direct employment with the company as well as over 600,000 farmers and handloom weavers who could contribute materials to the company’s supply chain.

Value PropositionFabric Plus is a silk manufacturing and marketing company that uses an integrated production approach to turn fibers into yarn and then silk. The company’s product and service targets the growing global demand for rare, responsibly produced silk products and provides a platform for creating livelihood opportunities for rural youth and communities in northeastern India.

Dilip Barooah, [email protected]

Fabric Plus Pvt. Ltd. www.fabricplus.in

Improving quality of life, reducing poverty, and decreasing social unrest by employing rural youth in northeastern India

Page 2: GSBI Fabric Plus Final profile

S A N T A C L A R A U N I V E R S I T Y

Milestones Achieved2008 Obtained grants from Central Silk Board and Government of Assam2009 Commissioned first ever integrated eri silk spinning and weaving factory in northeast India

Growth Plan2016 Create an additional 200 jobs through direct increase in production capacity2016 Obtain 20 new B2B customers in the form of wholesalers, exporters, and importers2016 Engage an additional 23,000 + silk farmers and rearers

“This job is a God send, it’s a great opportunity.”

g l o b a l s o c i a l b e n e f i t i n s t i t u t e

Archana, a 20-year old resident of Chaygaon who works for Fabric Plus. Chaygaon, once known for insurgent groups and rampant violence, has experienced an economic and political transformation that has allowed women like Archana to enter the workforce.

Investment Required Seeking $ 2.5 million in debt to be utilized for capital expenses, including plants and machinery, factory buildings, and capital. The funds will allow Fabric Plus to impact 150,000 individuals by the year 2020.

Impact to Date300 + jobs created directly in factory production and finishing facilities3,000 + jobs created indirectly through handloom and converting activities22,000 + farmers, silk rearers and weavers provided with employment by producing raw materials

Key Awards2012 Sankalp Finalist2012 Indira Ghandi Priyardarshini Award2012 Best Exporter of Handloom Products from Northeast India, Ministry of Textiles, Government of India