home about categories posts news
discussions archive recommendations faq contacts

Struggling Weaving Businesses Near Mumbai Face Uncertain Future

March 21, 2025 - 10:10

Struggling Weaving Businesses Near Mumbai Face Uncertain Future

Abdul Sattar stands amidst a cacophony of electric-powered looms, their relentless hum echoing through the dimly lit workshop. At 70 years old, with a flowing white beard and wispy hair, he embodies decades of tradition and hard work, yet his life has been spent in the shadows of these noisy machines. For much of his life, Sattar has endured 12-hour shifts in poorly ventilated conditions, a reality shared by many in the weaving industry.

When he first arrived in Bhiwandi as a 15-year-old, the weaving sector was flourishing, offering abundant job opportunities to unskilled workers from distant villages across northern India. However, the landscape has drastically changed. Decades-old weaving businesses now grapple with challenges that threaten their survival, including competition from cheaper alternatives and changing consumer preferences. The once-thriving workshops are now struggling to maintain their place in a rapidly evolving market, leaving artisans like Sattar to wonder about the future of their craft and the livelihoods it once sustained.


MORE NEWS

Finance Students Attend International Forum in Orlando

May 10, 2025 - 08:18

Finance Students Attend International Forum in Orlando

This spring, four dedicated students from the Personal Financial Planning Program at Cal State Fullerton`s College of Business and Economics traveled to Orlando, Florida, to participate in the...

Senate Finance Committee Upholds Medicaid Rates and Restores Funding for Disabilities and Mental Health

May 9, 2025 - 21:57

Senate Finance Committee Upholds Medicaid Rates and Restores Funding for Disabilities and Mental Health

In a significant decision, the Senate Finance Committee announced that Medicaid provider rates will remain unchanged, responding to strong public feedback. This move ensures that vital funding for...

New Trade Finance Guarantee Framework Launched for Latin America

May 9, 2025 - 16:48

New Trade Finance Guarantee Framework Launched for Latin America

Miga has introduced a substantial guarantee framework worth US$500 million aimed at enhancing trade financing opportunities in Latin America and the Caribbean. This initiative, in partnership with...

Alex Edmans Revamps the Finance Classic with a Focus on ESG and Sustainability

May 9, 2025 - 05:35

Alex Edmans Revamps the Finance Classic with a Focus on ESG and Sustainability

Alex Edmans, a finance professor at the London Business School, has undertaken the ambitious task of rewriting what many consider the `Bible of Finance.` This new edition aims to integrate...

read all news
home categories posts about news

Copyright © 2025 Taxlyf.com

Founded by: Audrey Bellamy

discussions archive recommendations faq contacts
terms of use privacy policy cookie policy