Authors : S.K. Nagdeve
Page Nos : 91-95
Description :
The global textile and apparel industry, undergoing profound transformation driven by digitalization and the imperative for sustainability, presents a dual landscape of immense opportunity and significant hurdles for the emerging generation of entrepreneurs. This paper explores the critical challenges and the strategic opportunities facing youth (defined as individuals aged 18-35) establishing or managing ventures within this creative and manufacturing-intensive sector. Employing an analytical review of prevailing literature and industry reports, the study identifies core barriers, including acute financial constraints, lack of specialized business acumen, difficulties in navigating complex supply chains, and intense competition from established large-scale enterprises. Concurrently, the paper illuminates transformative opportunities, notably in the adoption of Circular Economy business models, leveraging Digital Transformation (e-commerce, 3D design, AI), and capitalizing on the growing global demand for Sustainable and Ethical Fashion. The findings underscore the critical need for targeted policy interventions, including specialized financial instruments, collaborative industry-academia incubation programs, and mentorship to empower young textile entrepreneurs and position them as key drivers of the industry's future resilience and responsible growth.
