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Issues and Challenges of the Indian Handloom Sector: A Legal Perspective

Profile image of Swayam P Satpathy

2022, Rupkatha Journal on Interdisciplinary Studies in Humanities

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International Journal of Textile Science

p-ISSN: 2325-0119    e-ISSN: 2325-0100

2020;  9(1): 17-20

doi:10.5923/j.textile.20200901.03

Received: Aug. 14, 2020; Accepted: Sep. 2, 2020; Published: Sep. 10, 2020

Policies in Handloom Industry in India: Short Review

Sanjay Shrivastava

Director, National Institute of Fashion Technology, Patna, Mithapur, Patna, Bihar, India

Copyright © 2020 The Author(s). Published by Scientific & Academic Publishing.

Handloom sector has become a major concern for Indian textile economy and overall economical inclusive growth for India. Ever increasing importance of holistic growth in Indian handloom sector in directly affected by many factors such as individual growth of organized and unorganized textile industries, social and political influencing parameter and by even various governmental policies especially in textile sector. In this current work provides a systematic review on present scenario of Indian handloom sector. The overall facts and findings can help the stakeholder from this sectors to formulate apt strategies through adding vast knowledge to the existing literature body of handloom current state.

Keywords: Handloom Sector, Indian Textile Economy, Organized Textile Industries, Unorganized Textile Industries and Governmental Policies

Cite this paper: Sanjay Shrivastava, Policies in Handloom Industry in India: Short Review, International Journal of Textile Science , Vol. 9 No. 1, 2020, pp. 17-20. doi: 10.5923/j.textile.20200901.03.

Article Outline

1. introduction, 2. handloom business background in india, 3. types of weaving traditions, 4. strategies for intervention, 5. the performance based factors for indian handloom sector (ramchandra, 2015, bhalla et al., 2018), 6. conclusions.

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India leads asia-pacific region's m&a deals in first quarter of 2024: s&p global.

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In the first quarter of 2024, India stood out in the Asia-Pacific region's financial sector with the highest number of merger and acquisition deals, totalling 27, compared to its counterparts such as Japan, Australia, South Korea, and Mainland China. While deal volumes across the region dropped by 14% year-on-year, India saw a slight increase from the previous year, showcasing resilience amidst economic uncertainties and geopolitical risks. Notably, India's strong forecast and robust deal-making potential were highlighted by AsiaLink Business CEO Leigh Howard, indicating promising prospects for continued growth in the sector.

Despite the overall decline in deal numbers, India demonstrated significant activity in terms of deal value, with four of the top 10 deals by value closed within the country, totalling US$ 845.79 million. The largest of these was Sumitomo Mitsui Financial Group's acquisition of SMFG India Credit for US$ 700 million, reflecting investor confidence and interest in India's financial landscape.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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COMMENTS

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    The sector consists of 28.2 lakhs handlooms across the India; 25.2 lakhs are located in rural areas and only 2.9 lakhs in urban areas as reported in the Fourth All-India Handloom Census 2019-208. The total number of handloom workers enumerated in the fourth census are 35,22,512, with 72.3% women employed in the sector.

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    IJCRT2305334 cInternational Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org 539 STUDY ON THE DEVELOPMENT OF HANDLOOM INDUSTRY EKNATH DEPARTMENT OF MBA INDIAN SCHOOL OF SCIENCE AND MANAGEMENT CHENNAI, 600042, INDIA ABSTRSCT The handloom industry has a rich history and cultural significance in many countries around the world, but it

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    Significance Of Handloom Industry in India The handloom industry is unparalleled in its flexibility and versatility, permitting experimentation and encouraging innovations. The strength of Handloom lies in introducing innovative designs, which cannot be replicated by the Power loom sector.

  10. (PDF) Issues and Challenges of the Indian Handloom Sector: A Legal

    The handloom industry thrived in India for hundreds of years owing to the uniqueness of the handloom products, requiring little capital, and developing adaptable, environmentally friendly new goods. The world has been awed by India's traditional handlooms for their unmatched and exclusive craftsmanship, various civilizations, and timelessly ...

  11. PDF Indian Handloom Its Origin, evolution and varieties: A Critical ...

    IJCRT2211119 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org b87 they were accustomed to their own use. There was a great resemblance in the method of working amongst the various tribes (Soundarapandian 2002: 4-5). Historical Background of Handloom Textile Industry in India

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