Advances in Consumer Research
Issue 2 : 1268-1280
Original Article
Emerging Strategies and Sustainability Challenges in handloom industry of India
1
Professor (Strategy & Entrepreneurship), Indian Institute of Management (IIM)-Nagpur.
Abstract

The Handloom sector portray a crucial role in economic development of Indian rural community populous. Handloom being the source of livelihood of several millions of Indian craftsmen and their families. The ancient tradition of hand weaving is kept alive by many artists simultaneously with power looms as the representation of cultural legacy and glorious past of our country. The Handloom has a significant contribution in the growth of GDP in India. This sector employees millions of people directly or indirectly.

This article looks at how Handloom business can tackle the sustainability challenges and protect the environment, analyses the opportunities and explore strategies for its long-term viability. This article sheds light on approaches for preserving and enriching this ancient carpet industry by examining the economic, social and environmental aspects of a successful business model in this field. It also aims to identify sustainable strategies for the Handloom sector. As India exports about 85 to 90%; a major chunk of the total Carpets produced in country and is the largest exporter in the world, Sustainability is a crucial factor in international business to navigate through complex global regulations, consequently sustainability becomes imperative in Handloom industry. It is the prime objective of this study to discuss suitability challenges, Strategies to combat challenges, opportunities in handloom sector, examining a successful sustainable business model like ‘Jaipur Rugs’.

 

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