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Indian traditional businesses, which have grown over the years, are unfortunately diminishing their presence among the barrage of young startups these days. For decades, small businesses like tea plantation and exports, spices business, dairy milk, tobacco products, food processing and textile businesses have made their robust base, as each one of it has a large number of consumer base in its marketplaces.
With the emergence of an abundant number of tech-based startups in country, we see a shrinking phase of the oldest businesses of India, which apparently seem out of talks in business. Since a large number of employment is connected to these traditional businesses, industry players need to do some smart work with hard work to revive their declining growth of business.
Times are rapidly changing and so is the business model for every business. One of the major verticals where this change has brought about a whole new model of success is the online world of business. While industry players are facing a lot of fluctuations in market due to unpredictable moves of government, many of the Indian industrial boards are aiming to place home-grown brands into global markets.
Check out what these #7 industrial boards in India are aiming to make traditional businesses look snazzy.