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’.

 

Keywords
Recommended Articles
Original Article
Role of Excise Duty in Shaping Economic Development in Chhattisgarh: A Critical Study
Original Article
Impact Of Unified Payments Interface (Upi) On The Growth Of The Cashless Economy In India: An Empirical Analysis A Comprehensive Review of Scopus-Indexed Empirical Literature
Original Article
The Association between Business Performance and Strategic Management Implementation among Small and Medium Enterprises (SMEs) in Papua New Guinea
Original Article
Impact Of Stress On The Mental And Physical Health Of Dental Practitioners In Mumbai
Loading Image...
Volume 3, Issue 2
Citations
768 Views
544 Downloads
Share this article
© Copyright Advances in Consumer Research