Seri-Entrepreneurship: Current Status and Potential Opportunities

Abstract

The ability of a country or an area to prosper economically is largely depend on entrepreneurship, especially in light of the current unemployment crisis and anticipated technological advancements. The most important issues in the growth of entrepreneurship are not just how to offer chances to entrepreneurs, but also how to provide them substantial support so they may achieve greater success. To this, cultivating mulberry plants, production of disease-free layings, raising of young (chawki) and late-age silkworms for cocoon production, reeling of cocoons (silk reeling) for yarn production, throwing (spinning, warp, and weft production), wet processing (dyeing and printing), weaving (fabric production), modern (computer-aided) and traditional (textile designing) textile marketing and so on are just a few of the varied range of activities that make up the Indian silk industry. Additionally, sericulture products and bye-products have become more significant in the biotechnological, pharmaceutical, and biomedical industries, in recent years, for the creation of high-value new goods. Therefore, there is a great deal of opportunity for successful business in the sericulture and seribiotechnology sectors to grow. These opportunities help young people and unemployed women to become successful business owners who both support the workforce and work for themselves. This can help address the issues of unemploymentstandards and in India’s rural and urban areas as well as elevate socioeconomic levels.