DELHI BUSINESS REVIEW
  • Year: 2019
  • Volume: 20
  • Issue: 2

Managing family business and strategic management at the girdhar handlooms

  • Author:
  • Vikas Kumar Tyagi1, Akhilesh Mishra2, Ashima Thakur3, Faizan Gul4
  • Total Page Count: 7
  • Page Number: 115 to 121

1Assistant Professor, Department of Management Studies, Panipat Institute of Engineering and Technology, Samalkha, Haryana, India.

2Associate Professor and Head of the Department Department of Management Studies, Panipat Institute of Engineering and Technology, Samalkha, Haryana, India.

3Assistant Professor, Department of Management Studies, Panipat Institute of Engineering and Technology, Samalkha, Haryana, India.

4Student, Department of Management Studies, Panipat Institute of Engineering and Technology, Samalkha, Haryana, India.

Online published on 24 December, 2020.

Abstract

The handloom industry exists and has special relevance in India's economic and social scape since time immemorial. It has high importance in current time, as well as it gives employment, and more importantly, connects India economically, socially, and culturally. When a Bollywood star Amitabh Bachchan who hails from Prayagraj, Uttar Pradesh working in Mumbai, Maharashtra, wears Pashmina Shawl from Kashmir; it brings a sense of unity in India. Handloom Industry is one of the most important and oldest unorganized sectors of India. With over 4.3 million people involved directly or indirectly in the production, the handloom industry is India's second-largest employment provider for the rural population after agriculture (IBEF, 2018). 77% of the adult weavers and allied workers in the sector are women (Kaushik, Khanna, & Saumya, 2019). It provides enormous employment opportunities to the weavers that include women and people belonging to backward and weaker sections of the society. Total exports in the year 2017–18 were 353.9 (USD million), and imports were 10.8 (USD million) as shown by table no. 1.

Nearly 15 percent of cloth production in India is from the handloom sector. Production of hand woven fabric in India constitutes around 95 percent of global production (IBEF, 2018). The Handloom Export Promotion Council (HEPC), a statutory body constituted under the Ministry of Textiles, Government of India, promotes the export of all handlooms products such as fabrics, home furnishings, carpets, and floor coverings. HEPC initially established in 1965 with 65 members, and its present membership is about 1,500 (HEPC, 2019).