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Presentation on 6 weeks summer training in Oswal Woolen mills
Presented By:-
Kabir Sandhu
94972238275
India Textile Industry
India textile industry largely depends uponthe textile manufacturing and export.
India earns about 27% of its total foreignexchange through textile exports.
Further, the textile industry of India alsocontributes nearly 14% of the totalindustrial production of the country.
It also contributes around 3% to the GDPof the country.
India textile industry is also the largest inthe country in terms of employmentgeneration.
It not only generates jobs in its ownindustry, but also opens up scopes for theother ancillary sectors.
India textile industry currently generatesemployment to more than 35 millionpeople.
It is also estimated that, the industry willgenerate 12 million new jobs by the year2010.
Various categories
Indian textile industry can be divided into several segments, some of which can be listed as below:
Cotton Textiles
Silk Textiles
Woolen Textiles
Readymade Garments
Hand-crafted Textiles
Jute and Coir
Strengths
Vast textile production capacity
Large pool of skilled and cheap work force
Entrepreneurial skills
Efficient multi-fiber raw materialmanufacturing capacity
Large domestic market
Enormous export potential
Very low import content
Flexible textile manufacturing systems
Weaknesses
Increased global competition in the post2005 trade regime under WTO
Imports of cheap textiles from other Asianneighbors
Use of outdated manufacturing technology
Poor supply chain management
Huge unorganized and decentralizedsector
High production cost with respect to otherAsian competitors
NAHAR GROUP OF COMPANIES
OSWAL WOOLLEN MILLS LTD.
It was established in 1949
It is manufacturing all type of blendedworsted yarn, weaving yarn, lois, shawlsetc.
The company is proud to have highlypopular bounded products of knit wearMONTE CARLO and CANTERBURY.
OWM has seven units in differentlocations in Ludhiana engaged intodifferent manufacturing and tradingactivities.
NAHAR INDUSTRIAL ENTERPRISESLTD.
This company was incorporated inSeptember 1983
It is manufacturing edible oils, toiletsoap, fatty acids, citricacid, glycerin, oxygen gas andsolvent, extracted riceoil, vanaspati, sugar and rolling mill.
NAHAR SPINNING MILLS LTD.
It was established in December1980.
It is engaged in manufacturing of alltypes of cotton, acrylic and blendedyarns, as well as knitted fabrics andgarments.
GROWTH CHART- FEATURES
Group turnover is Rs. 2500 crore.
Export market: U.S.A., UnitedKingdom, Germany, Russia, Japan, Australia, New Zealand, Holland, Thailand, SouthAfrica, Singapore, Taiwan, Canada, Egypt, Israel and Bangladesh.
No strike/accident situation and near zerostaff turnover.
Important brand names are “MONTECARLO” and “CANTERBURY”.
OWM were the proud recipient of the“best exhibited products” award fromthe international wool secretariat for twoglamorous brands.
Product portfolio: spinning, knitting,fabrics processing, hosiery garments,knitwear, sugar, infrastructuredevelopment and information technology.
COTTON COUNTY is there emerging readyto wear brand.
Beyond there professional portfolio lies thehuman group that has always been deeplyenriched in social upliftment at every levellike:
Jawahar Lal Oswal Public Charitable Trust
Mohan Dai Oswal Memorial Hospital
ACHIVEMENTS
First gold trophy in export in 1989.
First silver trophy in Hosiery in 1990export award consecutively for five years(1989 to 1994) for export of woolenhosiery garments.
International award for excellenceperformance in export in 1993.
Silver trophy for 2nd highest performancein 1998-1999
ISO 9002 received in 2001.
NAHAR EXPORT LIMITED is the recipientof BEST EXPOTER for the year 2002-03.
NIEL, GARMENT UNIT is the recipient ofstate level safety award.
Exports to high quality conscious countrieslike USA, UK, Germany, Russia, Japan,Australia, New Zealand, Holland, andmany more
OSWAL WOOLLEN MILLS LIMITED
Constitution:-
Public Ltd. Company
Year Of Establishment:-
1949
Locations:-
Registered office:-
G.T. Road, Sherpur,
Ludhiana. 141003
Punjab (India)
Works:-
Miller Ganj, Ludhiana-141003.
Industrial Area-A, Ludhiana-141003.
G.t. Road, Sherpur, Lidhiana-141003.
107, Cochrane Basin Road, Chennai.
Plot No. 222, Sector 18, Gurgaon.
Management Structure &
Departments
List of Boards of Directors:-Mr. Jawahar Lal Oswal Chairman-cum-Managing Director
Mr. Amarjeet Singh Director
Mr. Dinesh Oswal Director
Mr. Kamal Oswal Director
Mr. Sandeep Jain Executive Director
Departments In Oswal Woollen
Mills
QUALITY CONTROL
HUMAN RESOURCE DEPARTMENT
FINANCE DEPARTMENT
MARKETING DEPARTMENT
PRODUCT PORTFOLIO OF OWM
Wool/ Acrylic Top
Yarns:-
• Weaving wool
• Hand knitting yarns
• Hosiery yarns
Textile Fabrics:-
• Blankets
• Scarf’s
• Gents Lohis
• Woolen Shirting (only for defence)
• Shwal
• Woolen Suiting
Hosiery Knitwear Products:-•Lady Cardigans
•Pullovers
•Woolen Vests, Undergarments for Men
Monte Carlo and Canterbury are popular brands of international quality are segments of OWM’s products.
SWOT ANALYSIS
Strengths of the company
Good brand equity
Many persons are working here for morethan 50 yrs. This shows commitment ofemployees towards their org.
Good training programs by OWM for theiremployees.
Laboratories for testing the quality of theproduct
Weakness of the company
Lack of professionalism
OWM is dependent upon foreign producersfor greasy wool.
Depend on the third party for sale and thedistribution of the product.
Poor after sales services.
OPPURTUNITIES
Fabrication for various companies likesNIKE, MARKS AND SPENCER, GAP, WILLS,etc.
Manufacturing of kids garments
Expanding the business in Finance sector
THREATS
Mushrooming and upcoming of smallhosieries in Ludhiana
Seasonal demand for their major producti.e. pullovers
Objectives
To study the export import procedure and documentation of Oswal woollen mills.
To study the export competitiveness of textile and garment sector in Ludhiana market.
To study the problems of textile exporters in Ludhiana.
Research Methodology
Research methodology is a way to systematically solve the research problem. It may be understood as a science of studying how the research is done scientifically.
RESEARCH DESIGN:-“A research design is the arrangement of conditions for collection an analysis of data in a manner that aims to combine relevance to the research purpose with economy in procedure.”
In this research project, the research design is descriptive in nature.
SOURCES OF DATA
PRIMARY DATA: The primary data is collected by structured questionnaire administered by sitting with guide and discussing the problem.
SECONDARY DATA: It includes material collected from newspapers and journals.
Data collection instruments: E-mails Questionnaire Telephone calls
Universe:-All the organisations whichare into the field of textile andclothing industry
Population: -All the organisationswho are in the field of textile andclothing industry in Ludhiana.
Sampling technique:- : conveniencesampling
Size of sample:- 19
The Composition of Indian
Textile Exports
The Textiles exports basket consists of Ready-made garments, Cotton textiles, Textiles made from man-made fibre etc.
The major export earner is ready-made garments followed by cotton textile and manmade fabrics in April-Oct 2008.
All The textile items are growing impressively
except Cotton Textiles, Silk, Ready Made Garments and Handicrafts.
Table:4.1: Primary business of
your company (N-19)
Options number of
respondents %age
Manufacturing 18 95%
Trading 1 5%
Multinational 0 0%
Others. 0 0%
Total 19 100%
Table 4.2 : %age of exports to
total sales (N-19)
Options
number of
respondents %age
1-10% 4 21%
10-25% 8 42%
25-50% 4 21%
50-75% 2 11%
Above 75% 1 5%
Total 19 100%
Table 4.3 : Threats of exchange
rate fluctuations (N-19)
options
number of
respondents % age
highly disagree 0 0%
disagree 1 5%
neither agree nor
disagree 0 0%
agree 17 90%
highly agree 1 5%
Total 19 100%
Table 4.4 : Any increase in cost
of production of textile products
(N=17)
optionsrespondents %age
yes 17 90%
no 2 10%
total 19 100%
Table 4.5: Range of increase in
cost of product (N-17)
options
number of
respondents %age
1-5% 7 41%
5-10% 7 41%
10-25% 3 18%
25% & above 0 0%
total 17 100%
Table4.6: Any increase in price
competitiveness of your product (N-
19)
options
number of
respondents %age
yes 19 100%
no 0 0%
Total 19 100%
Table4.6: Satisfaction level of
quality of infrastructure (N-19)
options
number of
respondents %age
yes 0 0%
no 19 100%
total 19 100%
Table4.7: Attention requires
towards physical infrastructure
(N-19)
options
number of
respondents % age
Road 3 16%
Rail 3 16%
Airport 0 0%
Port 7 37%
Power 5 26%
Other 1 5%
total 19 100%
Table 4.8: satisfaction with the
transparency of Indian govt.
(N-19)
options
number of
respondents % age
yes 10 53%
no 9 47%
total 19 100%
Table 4.9: labor productivity
affects your business(N-18)
options
number of
respondents % age
highly disagree 0 0%
disagree 1 6%
neither agree nor
disagree 1 6%
agree 16 88%
highly agree 0 0%
Total 18 100%
Table 4.10: Introduced any
measures to enhance labour
productivity (N-18)
options
number of
respondents %age
yes 3 17%
no 15 83%
total 18 100%
Table 4.11: Competitive
advantage of textile industry (N-
19)
options
number of
respondents %age
cost of the product 5 27%
latest technology 1 5%
quality of product 12 63%
any other 1 5%
total 19 100%
Table 4.12 Factors affecting
exports (N-19)
NO.OF
RESPONSES
MEAN
EXPORT TAXES 47 2.47
EXPORT QUANITATIVE
RESTRICTION
73 3.84
CERTIFICATION 62 3.26
INSPECTION FEE 70 3.68
STATE TRADING
ADMINSTRATION
70 3.68
NON TRADE
BARRIERS
77 4.05
Limitations
Generally the respondents were busy in their works and were not interested in responding.
Some respondents were not clear about their own facts findings.
The respondents in the study may not represent the true characteristics of the target audience.
FINDINGS Exporters are the manufactures of textile and
clothing industry. Most of the companies are in manufacturing business.
Export sales in between 10-25% and rest of the produced material consumed in domestic market.
Exporters face problem of exchange rate fluctuations in foreign market.
Cost of production is increased due to increase in exports of textile and clothing.
Range cost of production is increased due to increase in exports of textile and clothing.
All respondents told that up to some extent price competitiveness is increased of textile products.
4.3 Suggestions
More designs and wider market penetration at cheaper rates through better quality products.
Try to adopt new and modern design to sustain in market.
Providing the technical knowledge for the staff.
CONTINUE….
• Competitive pricing to market requirements.
Continuous Training of Workers to improve their attitudes and functional skills.
Providing transportation, good work environment to employees.
Improvement in technology, training.