Issues and Challenges Faced by SMEs: Hosiery Industry

Issues and challenges faced by Small and Medium Scale Enterprises act as a barrier in the development of this industry. So, there is need to formulate policies in favour of Hosiery industry so that it can expand business opportunities both in domestic and foreign markets through a range of specialized services and global linkages and can flourish in competitive world.This study discusses the various strategies which are being adopted by the entrepreneurs of hosiery units to manage the various problems usually faced by them such as finance, labour, marketing, production, legal restrictions.

Ms. Amandeep Kaur Arora is Assistant Professor (Management) in Punjab Institute of Management and Technology, Punjab (India). She has done MBA (Finance and marketing) and MPhil (Management) from Lovely Professional University, Punjab, India.