Ethics and Social Responsibility in Indian Textile Industry (A Study on Textile Industries of Coimbatore and Tirupur, Tamil Nadu)

Abstract

Business is all about profit, at the same time every one involved should have morals in their activities. Indian business ethics reflects set of norms and principles to be followed. It all depends on their business culture. It is the duty of the every organization to be answerable to the society. All the textile industries are serving the public by fulfilling one of the basic needs by offering clothes. But still the textile industry is having certain mixture of ethical issues which has to be measured against few yardsticks. All the businesses should be ethical by the virtue of its existence to its stakeholders. The success of the business depends on the trust built in the people through its market offerings and through its social responsibility activities. Social responsibility is one of the ethical principles to benefit the society. By examining the moral beliefs business people used to have guidelines to act by deciding the principles, manner and system. In India prior to independence social responsibility is made by the public sectors and NGOs. Now a days almost all the organizations showing interest on various social activities. This paper examines the productivity growth of textile industry in Coimbatore, Tamil Nadu, India's contribution towards ethics and social responsibility with the parameters of consumer protection, labour, human rights, environmental aspects, welfare of the employees, supporting the deprived, developing the local communities, economic aspects and so on.