Post on 03-Apr-2018
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Entrepreneurship and theIndian Fashion IndustryPrepared and presented by:
Saba Fatima Alvi
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An inventor of business enterprise whoorganize opportunities to introduce a newproduct, a new process or an improved
organization, and who raises thenecessary money , assembles the factorsfor production and organizes anoperation to exploit opportunity
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One who undertakes anendeavor
Steve
Jobs J R DTata
Dhirubhai
Ambani
Kiran
Mazumdar
Shaw
M.S.
OberoiShahnaz
Hussain
Walt
DisneyW K
Kellogg
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The importance of entrepreneurship to anyeconomy is like that of entrepreneurship in any
community. Entrepreneurial activity and the
resultant financial gain are always of benefit to a
country. If you have entrepreneurial skills then
you will recognize a genuine opportunity when
you come across one.
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Points to be covered in the
next class
Need for entrepreneurs in
Indian fashion world.
Problems related to the
entrepreneurship in the
Indian fashion industry.
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Need
The Indian textile industry contributes about 14 percent to industrial production, 4 per cent to the
country's gross domestic product (GDP) and 17 per
cent to the countrys export earnings, according to the
Annual Report 2009-10 of the Ministry of Textiles. The
industry provides direct employment to over 35 million
people and is the second largest provider of
employment after agriculture.
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Entrepreneurship brings great power with great deal of responsibilities, whichwhen clubbed with ethics can actually change the face of the world. Henceforth, it
is more fruitful to contribute ones own bit to build a better society by taking
charge in hands than sitting at home, reading newspaper or watching television and
criticizing politicians for corruption and moaning overThe Kalyuga.
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Myths
Huge sum of money.
Rich backdrops.
Banks do not contribute
to funding.
Very attractive industries.
Talents of entrepreneur
ensure success.
Starting a business is
easy.
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A Case Study
Village near Pilani
NSS to help women start up self employment
Durries made- monthly stipend paid
Poor sales- project fizzled
CEL started RED- a team of 4 formed
Sustainable product-[SHG]-market: BITS-
Pilani
Paper bags-rice flour-seasonal candles
Social problems
Big order of 5000 paper bags in a week.
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Problems
Lack of awareness
Lack of motivation
Misconceptions and myths
The societal set up
Corruption
Inappropriate approach
Guidance
Maintaining Originality
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Solutions
Creating awareness
Counsels should be formed
FDCI could be revived
More such agencies could be formed
Institutes providing degree in EM
Government can organize workshops
Loans and schemes to be promoted
Included in the curriculum
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Suggested Model
Association of Asian countries or Indian Subcontinent[AAA or AU]
Data bank and guidance [internet]
Unregistered community design right
Once for n number of member countries; class of
product.
Short span of time say 3 months- less money- shorter
validity
Collaboration of fashion school
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References
http://www.google.co.in/imgres?imgurl=http://2.bp.blogspot.com/_pDZEgKMXLyI/TBSHwv2RvlI/AAAAAAAAAI0/HanHG9Tj_88/s1600/Entrepreneur222.jpg&imgrefurl=http://incorpolis.blogspot.com/2010/06/welfare-benefits-taxes-and.html&usg=__bL9e_LGQ3of_0wDM6h4FHSs8JaU=&h=1194&w=1600&sz=113&hl=en&start=133&sig2=xeYdSXNDSOJ77Z880YnwLQ&zoom=1&tbnid=S50DFUlMtYa1QM:&tbnh=132&tbnw=176&ei=RZRzTeelIYy4vgO4mIm-AQ&prev=/images%3Fq%3Dentrepreneurship%26hl%3Den%26biw%3D1278%26bih%3D739%26gbv%3D2%26tbs%3Disch:1&itbs=1&iact=hc&vpx=528&vpy=263&dur=330&hovh=194&hovw=260&tx=158&ty=119&oei=K5RzTbqeOIrprQey05TTCg&page=6&ndsp=25&ved=1t:429,r:14,s:133
file:///D:/Study%20Matter/SEM-6/DESIGN%20COLLOQUIM/research/define%20Entrepreneurship%20-
%20Google%20Search.htm file:///D:/Study%20Matter/SEM-
6/DESIGN%20COLLOQUIM/research/Entrepreneur%20Article%20Four%20%20Entrepreneurial%20Types.htm
http://www.indiavision2020.org/whatis_2020.html
http://www.indiaprofile.com/fashion/
http://www.ibef.org/industry/textiles.aspx
http://www.economywatch.com/business-and-economy/textile-industry-growth.html
http://www.iloveindia.com/index.html
file:///D:/Study%20Matter/SEM-
6/DESIGN%20COLLOQUIM/research/A%20Case%20Study%20on%20Rural%20Entrepreneurship.htm
Books-
Stay Hungry, Stay Foolish- Rashmi Bansal
Ignited Minds- Dr. A.P.J Abdul Kalam
My Experiments With Truth-Mahatma Gandhi
India 2020: A Vision for the new Millennium- Dr. A.P.J Abdul Kalam
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rl=http://2.bp.blogspot.com/_pDZEgKMXLyI/TBSHwv2RvlI/AAAAAAAAAI0/HanHG9Tj_88/s1600/Entrepreneur222.jpg&imgrefurl=http://incorpolis.blogspot.com/2010/06/welfare-benefits-taxes-and.html&usg=__bL9e_LGQ3of_0wDM6h4FHSs8JaU=&h=1194&w=1600&sz=113&hl=en&start=133&sig2=xeYdSXNDSOJ77Z880YnwLQ&zoom=1&tbnid=S50DFUlMtYa1QM:&tbnh=132&tbnw=176&ei=RZRzTeelIYy4vgO4mIm-AQ&prev=/images?q=entrepreneurship&hl=en&biw=1278&bih=739&gbv=2&tbs=isch:1&itbs=1&iact=hc&vpx=528&vpy=263&dur=330&hovh=194&hovw=260&tx=158&ty=119&oei=K5RzTbqeOIrprQey05TTCg&page=6&ndsp=25&ved=1t:429,r:14,s:1337/28/2019 Entrepreneurship and the Indian Fashion Industry
17/17
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