[email protected]
  • Facebook
  • Twitter
  • Youtube
  • Instagram
AATMNIRBHAR SENA
  • Home
  • About Us
    • Our Leaders
    • Our Mentors
  • Initiative
    • Startup Eco System
    • Mentorship
    • Training to Enterprise
    • Market Research
    • Business and Compliance Training
    • Capital Assistance
    • 100-bed Super Speciality Hospital: A Major Step in the Sphere of Healthcare Services in Sitamarhi
  • Media
    • Our Videos
    • Our Gallery
    • Blogs
  • Contact Us
  • +91-9597642888
  • Join ANS
AATMNIRBHAR SENA
AATMNIRBHAR SENA
Blogs - Potential & Prospect – The Growing Handloom Industry in India

Potential & Prospect – The Growing Handloom Industry in India

Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Oct 20, 2020
Business
Potential & Prospect – The Growing Handloom Industry in India

The handloom industry in India constitutes a timeless angle of rich cultural heritage and represents vibrant Indian. This is one of the oldest and largest cottage industries in India. The element of art and creativity present in the Indian handloom industry makes it a potential sector for the upper slab of the market, both domestic as well as at a global level. Due to effective Government intervention in the handloom sector’s existing scenario through various financial assistance and implementation schemes, the handloom industry in India has been able to skip over some of the obstacles, making it the second-largest industry after agriculture.

The Indian handloom industry is one of the biggest differentiators for the economy due to its distinctive characteristics and significant contribution. It is one promising industry and is undergoing a lot of transformation. The handloom industry in India has a significant domestic market with the massive scope of export. The Government’s maximum schemes and policies favor this sector, making it the most dominant sector.

Potential & Prospects of Handloom Industry

 Clearly, there is a lot of potential for foreign exchange earnings from the handloom sector. The export of handloom products from India stood at US$ 343.69 million in FY19. In FY20 (till November 2019), the commodity stood at US$ 226.05 million. With the right policies and initiatives, this sector can be a catalyst for the entire ecosystem’s growth, including livelihood opportunities across the value chain. The handloom business industry in India is presently regarded as the second-largest economic activity and provides direct and indirect employment for more than 4 million weaver households. Besides being the country’s employment generator, it acts as a critical source of showcasing India’s soft power; this sector needs to be nourished well through all possible aid and assistance to keep its success rate on track.

Some of the critical factors which give it a comparative advantage over the other sectors are:

critical factors of handloom Industry
  • Variety of premium design choices – This sector enables many variations of design, allowing the consumers to have customized options unique in the world—this industry is also known as a land of designers or designer’s paradise. 
  • Huge return on investment– This sector earns a good return on investment as the final product’s value is much higher than the rate of raw materials utilized by the weavers.
  • Environment friendly– This is the only industrial sector that requires less capital and workforce. Also, minimal use of power, equipment that makes it suitable for agricultural growth.
  • Technology friendly-The sector is vulnerable to upcoming technology and has the opportunity to create a type of business model that is open to any innovations.
  • Women empowerment– 83% of the handloom industry crowd involves women as its core part.

The handloom industry in India remains the dominant industrial sector. The protectionist strategies of the Government have led the weavers to become independent entrepreneurs. The handloom industry in India would have a great future if it gets well organized and is adaptable to change as change is the only constant. The sector’s decisive factor is its global level business potential, social and climatic impact, quality, and distinctive character. Contrary to what is generally said, handloom is not a dying industry and shall prevail in all phases of life; it is, in fact, one of the most promising industries and is undergoing a lot of transformation right now with upcoming technologies. Those working in the handloom industry in India take joy in the activity and have opted it in their day to day lifestyle. It is indeed one of the hidden gems of India and does not need charity. It is possible to mine gold here if taken care of.

Aatmnirbhar Sena is striving to Support Handloom Industry

But the road to this industry is not as smooth as it turns out to be, to overcome these hurdles, we as an Aatmnirbhar Sena is working out of the way to provide aid and assistance to the budding entrepreneurs. We have been in alignment with the Government schemes, and provide recommended support in training and vocational sessions, mentorship programs, etc. 

The handloom industry in India is not an industry of the past but the present and future! Hence, we are adamant as an organization to keep the curious entrepreneurs ready on foot towards achieving their dreams of exploring this industry and giving our best to keep up with this rich heritage of India.

Search

Categories

  • Andhra Pradesh Govt Scheme
  • Assam Govt. Scheme
  • Atmanirbhar Bharat
  • Bihar Govt. Scheme
  • Business
  • Central Govt. Schemes
  • Gujarat Government Scheme
  • Haryana Govt Scheme
  • Himachal Pradesh Govt Scheme
  • Investment in Bihar
  • Karnataka Govt. Scheme
  • Latest News
  • Madhya Pradesh Govt. Scheme
  • Make in India
  • MSME
  • Other
  • Rajasthan Govt. Scheme
  • Startups
  • Tripura Govt. Scheme
  • Uttar Pradesh Govt Scheme
  • Uttarakhand Govt. Scheme
  • Yojana

Recent Posts

  • Investment in Bihar 2022: बिहार में उद्योगों के लिए हैं काफी संभावनाएं: अनुदान सहित सहायता देगी बिहार सरकार
  • Hotel Business in Bihar: बिहार में होटल का बिजनेस कैसे शुरू करें
  • Top 10 Small Business in Bihar: बिहार में शुरू करने के लिए 10 शीर्ष बिज़नेस आईडिया
  • भारत में चिया सीड्स की खेती कर कमाएं बड़ा मुनाफा, जानें क्या हैं इस फसल के फायदे
  • बिहार छत पर बागवानी योजना: छत पर बागवानी से सब्जियां उगाएं और 50 फ़ीसदी तक अनुदान भी पाएं

Related Blogs

ASPIRE Scheme

ASPIRE Scheme – Boosting Entrepreneurship in India

Business, Central Govt. Schemes
Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Oct 05, 2020
Bindi Making Business in India

Bindi Making Business in India: A Craft of Creativity

Business
Avatar for Margesh Rai
Margesh Rai
Mar 19, 2021
Paneer Making Business in India

Paneer Making Business in India: A Money-minting Venture in Demand

Business
Avatar for Margesh Rai
Margesh Rai
Mar 04, 2021
Grape Wine Production Business

Grape Wine Production Business: Thriving During Tough Time

Business
Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Jan 02, 2021
Encouraging Small-scale Industries

Encouraging Small-scale Industries in India and Accelerating Growth

Business
Avatar for Margesh Rai
Margesh Rai
Jan 20, 2021
Small Business Innovation Research

An Umbrella Approach To Small Business Innovation Research Initiative

Business
Avatar for Aatmnirbhar Sena
Aatmnirbhar Sena
Oct 08, 2020

Quick Link

  • About Us
  • Our Videos
  • Our Gallery
  • Donate
  • Join ANS
  • Contact Us

Our Initiative

  • Startup Eco System
  • Mentorship
  • Training to Enterprise
  • Market Research
  • Business and Compliance Training
  • Capital Assistance

Legal links

  • Terms & Condition
  • Privacy Policy
  • Blogs
  • Sitemap

AATMNIRBHAR SENA

B 78 Sector 60 Noida 201301 Uttar Pradesh India.
Call On: +91-9711318000
[email protected]
Copyright © 2023 AATMNIRBHAR SENA. All Right Reserved.