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Fastech Fashions: A Struggle for Survival
Fastech Fashions Private Ltd. was founded in Rourkela, India in 2017 with the goal to elevate the livelihoods of traditional Odia weavers. By 2022 the company had experienced notable success, focusing on T-shirts, school uniforms, traditional handicraft products, professional attire, and athleisure. However, tension between the investors and one of the owners grew when the owner's commitment to reinvesting in weavers for broader societal impact interfered with the company's profits. Balancing profitability and philanthropy became a critical challenge. The emotional and logical complexities of decision-making had to be made while under constant pressure from investors. Strategic choices needed to be considered, as well as the delicate balance between business success and social impact.