An empirical evaluation of business ecosystem for powerloom enterprises with special reference to tamilnadu

Abstract

This study examines the empirical evaluation of Business newlineecosystem of powerloom enterprises in Tamilnadu. The powerloom sector is newlineultimately labour intensive. It offers large scale employment prospects to the newlinesocieties there by helps in solving unemployment problem successfully. This newlineenables an effective deployment of resources of wealth and proficiency. This newlineindustry affords employments to all supporters of family thus help the people newlinein enlightening their standard of living and to intensify themselves to a newlineslightly developed social stratum.The power loom units are usually located in semi-urban and rural newlinezones, and support in altering the regional inequities. The rapid evolution of newlinethe powerloom sector during the previous four to five decades has aided to newlineattain many of the socio-economic objectives. Thus, the development of the newlinepowerloom sector leads to the improvement in other arenas of the economy, newlinesuch as transportation, banking, communication etc., thus, the evolution and newlineexpansion of the decentralized powerloom industry has eased the all-round newlinedevelopment of other ancillary businesses and enhanced the growth of the newlineeconomy as a whole. It has empowered the weaker segments of the society to newlineearn their livelihood. newline newline