A Study on Satifactory Level of Powerloom Entrepreneurs in Utilizing Government Funds - a Case Study at Kangayam Taluk- Tirupur District-Tamilnadu-India

European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 33 (2011) © EuroJournals, Inc. 2011 http://www.eurojournals.com

A Study on Satifactory Level of Powerloom Entrepreneurs in Utilizing Government Funds - A Case Study at Kangayam Taluk- Tirupur District-Tamilnadu-India
S. Chandrakumar Mangalam Assistant Professor, Department of Management Studies Anna University – Coimbatore Tel: [phone] E-mail: [e-mail] G. Suresh Co-Authorassistant Professor, Faculty of Management EBET-Group of Institutions, Kangayam Tel: [phone] E-mail: [e-mail] Abstract The global market has become an overwhelming incentive for new investments and there occurred a veritable explosion of capacity in cotton based complexes, the most importantly in the Tamilnadu clusters. This has been much silent revolution: The phenomenal growth of the 1990s in cotton spinning in Tamilnadu has been the forefront in the Indian power loom industry. The state ranked third, only after Maharashtra and Gujarat as regards the number of textile manufacturing units in organized and decentralized sector of the textile industry. The power loom industry in Tamilnadu provides direct and indirect employment to over 7 lakh workers and is reputable for its power loom weaving. The state produces large volumes of power loom items that find a market in every nook and corner of the country and also caters the fabric needs of the export manufacturing units located in Delhi, Mumbai, Chennai, Bangalore and other centers. Further, the performance of the power loom sector in Tamilnadu presents a better picture as there is concentration of industrial enterprise specializing on various stages of textiles manufacturer, right from ginning of cotton to spinning and garmenting of the end product. Keeping the interest of the power loom industry as a whole, an effort has been made to explain briefly about the utilization of Government funds among Power loom entrepreneurs.

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