Economic Sustainability in the Textile Industry
Author(s): Gupta, Indu
Abstract: Numerous studies and research have taken place across the globe to understand the factors for the economic success of entrepreneurs in various domains. However, the secret of guaranteed success has still not been formulated and found to ascertain the combination of inputs or factors of production to achieve economic sustainability. This paper attempts to put forward an economic concept and its application in the textile industry that entrepreneurs could follow to attain economic sustainability and create a socio-economic impact. The purpose of the study is to identify appropriate production techniques for the weaving process of bedspreads on a wide loom of 60-inch width in the weaving industry in Panipat, Haryana. The study is relevant for all entrepreneurship ventures in any domain. The study is based on the theoretical framework of the concept of PQHR (Physical Quality of Human Resource) and is capable of ascertaining the suitability of a combination of inputs required to achieve an APP (Appropriate Production Path). The study adopted a random sampling technique for sample selection and an interview schedule was administered to the participants for data collection. The sample included the powerloom weaving units of Panipat, Haryana. The data analysis revealed that none of the powerloom weaving units in Panipat, Haryana were following an Appropriate Production Path and thus failed to create a socio-economic impact.
Practical Implications: The study, however, would be able to contribute to and extend the theory of PQHR. It would also be beneficial for entrepreneurs to understand the dynamics of economic sustainability and contribute to society at large by creating a positive socio-economic impact. The study will have long-term practical implications if the framework of the concept of PQHR is applied to every unit of a production process. The input intensities could be monitored and modified to achieve an economically sustainable production process.
Keywords: Powerloom; Production; Socio-economic impact; Sustainability; Textile.
Cite as – Gupta, I. (2024). Economic Sustainability in the Textile Industry. International Journal of Design and Allied Sciences, 3(1), 23–31.
PDF Download I DOI: https://doi.org/10.5281/zenodo.12600208
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