Challenges Faced by Small Industrialists:
- Small industrialists often struggle to compete with larger corporations in the global market due to limited resources and infrastructure.
- They may face challenges such as high production costs, lack of access to technology, and stiff competition from multinational companies.
- Globalization can further exacerbate these challenges by opening up markets to foreign competitors and increasing pressure to lower prices.

Strategies for Small Industrialists:
1. Focus on Niche Markets: Small industrialists can identify niche markets where they can differentiate themselves from larger competitors. By offering unique products or services, they can attract customers who value quality over price.
2. Collaborate with other Small Businesses: Forming partnerships with other small businesses can help small industrialists pool resources and expertise. By working together, they can access new markets, share costs, and benefit from economies of scale.
3. Invest in Technology and Innovation: Small industrialists can invest in technology to improve efficiency and reduce production costs. Embracing innovation can help them stay competitive in the global market and differentiate their products from those of larger corporations.
4. Build Strong Relationships with Suppliers and Customers: Developing strong relationships with suppliers and customers can help small industrialists secure reliable sources of raw materials and maintain a loyal customer base. By providing excellent customer service and delivering quality products, they can compete effectively in the global market.
5. Stay Updated on Market Trends: Small industrialists should stay informed about market trends, changes in regulations, and emerging technologies. By keeping up-to-date with industry developments, they can adapt their business strategies to remain competitive in the global market.

Conclusion:
By implementing these strategies, small industrialists can overcome the challenges posed by globalization and thrive in the global market. It is essential for them to be proactive, innovative, and adaptable in order to succeed in an increasingly competitive and interconnected world.

They should make a bond with foreign companies to make them stable .......And we should know that why foreign companies will make bond they will do so coz they are new in country and not well known to the local marketSecondly small companies must try to follow the path of globalisation to make them stable