A Study on Migrated Silk Entrepreneurs for Economic Impact with Special Reference to Kancheepuram

Abstract

This research paper delves into the economic impacts of migrated silk entrepreneurs in Kancheepuram, a region synonymous with silk production in India. The study's primary objective is to uncover the contributions, challenges, and opportunities that migrated entrepreneurs bring to the traditional silk industry and to assess their role in the economic development of Kancheepuram. Employing a qualitative research design, the methodology hinges on semi-structured interviews with 30 migrated silk entrepreneurs, analysed through thematic analysis using NVivo 12 to identify recurring themes. Key findings reveal that migrated entrepreneurs significantly contribute to job creation, innovation, and market expansion in Kancheepuram's silk industry. They face considerable challenges, including market competition, access to capital, and regulatory hurdles, yet identify notable opportunities in technological advancements, sustainability, and global market integration. The study fills a crucial gap in the literature by offering detailed insights into the complex dynamics between migration, entrepreneurship, and economic development in a traditional industry context. The implications of this research are manifold, highlighting the need for supportive policy frameworks that recognize the unique needs and potential of entrepreneurs in traditional sectors. Furthermore, it underscores the importance of fostering an environment conducive to innovation and sustainability, thereby enhancing the global competitiveness of traditional industries like silk production.