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Training Project

  1. 1. Industrial Training<br /> In<br />On <br />Export Incentive Schemes and Problems to exporters of Textile Industry in Ludhiana<br />By:<br /> Neha Jain<br /> (94972238288)<br />Dr. Deepa Kapoor<br />(Academic Advisor)<br />
  2. 2. INTRODUCTION TO THE CORPORATE<br />Corporate Philosophy<br />To continue growth by leading national & international standards and ethical means in harmony with the environment, ensuring customer delight, stakeholders' trust and social responsibility. <br />
  3. 3. Mission <br />To become Rs. 15000 crore company with net profit of 15% by 2015.<br />Vision <br />"Driven by the spirit of challenge,we will add value to life,and together, prosper globally."<br />
  4. 4. Markets<br />
  5. 5. INTRODUCTION TO DIVISION<br /> <br />Terry Towel Division<br />Paper Division<br />Yarn Division<br />Energy Division<br />
  6. 6. Strengths<br /><ul><li>System based (SAP)
  7. 7. Advanced technology (robots)
  8. 8. Stress relieving programs
  9. 9. Good customer base</li></ul>Weakness<br /><ul><li>New developments perpetual delays
  10. 10. Lack of proper check while buying material
  11. 11. Delay in delivery</li></ul> <br />SWOT ANALYSIS<br />Threats<br /><ul><li>Stiff Competition
  12. 12. Price of cotton are market governed</li></ul>Opportunity<br /><ul><li>To enter into retail sector
  13. 13. Indirect export opportunity to increase market</li></li></ul><li>Title:<br />Export incentive schemes and<br />problems to exporters of textile industry<br />
  14. 14. Objectives:<br /><ul><li>To find out the areas of problems for textile exporters of </li></ul>Ludhiana.<br /><ul><li>To analyse the prevailing export incentive schemes availed</li></ul>by exporters.<br />
  15. 15. Introduction To Indian Textile Industry<br /><ul><li>Single largest foreign exchange earner for India
  16. 16. Holds 22 percent share in the textile market in Europe
  17. 17. India is expected to double its share in the international </li></ul> technical textile market.<br />
  18. 18. Major Players <br />
  19. 19. INTRODUCTION TO THE PROBLEMS FACED BY EXPORTERS<br /><ul><li>High shipping freights, Non-availability of shipping space and Inadequate services
  20. 20. Inadequate banking services for export business
  21. 21. Lack of proper technology</li></li></ul><li>INTRODUCTION TO EXPORT INCENTIVE SCHEMES<br /><ul><li>DEPB Scheme(Duty Entitlement Pass Book)
  22. 22. Duty Drawback
  23. 23. FMS Scheme(Focus Market Scheme)
  24. 24. FPS Scheme(Focus Product Scheme)</li></li></ul><li>Research Methodology<br />Research Design<br />Descriptive<br />Data Collection<br />Primary<br />Secondary<br />
  25. 25. Sampling Design<br /><ul><li>Population</li></ul>All the respondents which are export units related to textile industry in Ludhiana.<br /><ul><li>Sampling Unit</li></ul>Any individual respondent who isexporter in textile industry in Ludhiana.<br />
  26. 26. <ul><li>Sample size</li></ul>For this study25 exporters from Ludhiana<br /><ul><li>Sampling technique</li></ul>Convenient sampling<br />
  27. 27. Limitations for the study<br />Only 25 respondents are taken as sample size due to time constraint<br />Generalization of results cannot be done with such a small sample size<br />
  28. 28. DATA ANALYSIS<br />Time period since the exporters are exporting<br />Fig 4.1<br />
  29. 29. Countries you are exporting<br />N = 25<br />56% of the respondents are exporting to Europe<br /> <br />48% of the respondents are exporting to USA<br /> <br />32% of the respondents are exporting to Korea<br /> <br />28% of the respondents are exporting to Bangladesh<br /> <br />24% of the respondents are exporting to Brazil<br /> <br />20% of the respondents are exporting to Egypt<br />
  30. 30. Countries posing problems in exports.<br />N = 25<br />40% of respondents are facing problem while exporting to Bangladesh<br />16% of respondents are facing problem while exporting to Europe<br />12% of respondents are facing problem while exporting to Brazil<br />4% of respondents are facing problem while exporting to Africa, Mexico, Russia, South America<br />
  31. 31. (i)Responses on whether the time taken for customs<br /> clearance is high.<br />N =25<br />Fig 4.2<br />
  32. 32. (ii) Reasons attributed for delay in clearance.<br />N = 17 <br />Fig 4.3<br />
  33. 33. Tools used to overcome commercial risks.<br />N = 25 <br />Fig 4.4<br />
  34. 34. Responses of getting duty or sales tax on time<br />N = 25<br />Fig. 4.5<br />
  35. 35. Responses of the exporters regarding problem in transit through other country.<br />N = 25<br />Fig 4.6<br />
  36. 36. Kind of problems faced in local market.<br />N = 25<br />Fig 4.7<br />
  37. 37. Ranks given to various departments in an export house.<br />N = 25<br />Table 4.8<br />
  38. 38. Degree of agreement or disagreement of exporters towards various problems in exports<br />
  39. 39. Export incentive schemes claimed by exporters.<br />N = 10<br /><ul><li>60% of the exporters avail DEPB
  40. 40. 30% - Duty Drawback
  41. 41. 10%- none</li></li></ul><li>Satisfaction from the current schemes.<br />All the exporters are satisfied with the schemes provided subject to a change that government has withdrawn DEPB and DRAWBACK which has led to a loss to exporters.<br /> <br />Interpretation: After withdrawing the schemes some exporters are not availing any of the schemes as they don’t have any benefit. Still some claim DEPB which has been made provisional as packing credit @ 1.5%.<br />
  42. 42. CONCLUSION<br /><ul><li>Exporters are not satisfied with government policies and are facing problems like getting refund on time, electricity, infrastructure facilities.</li></ul> <br /><ul><li>Problem of getting documents ready according to different countries and as per standards restrict exporters to export and expand their business.</li></ul> <br /><ul><li>Withdrawals of incentive schemes have affected the margins of the exporters.
  43. 43. Problems are also faced while custom clearance which delays the whole consignment.</li></li></ul><li>SUGGESTIONS<br /> <br /><ul><li>Export formalities should be made simple and exporters should be made aware of the procedures and provided assistance by the government.</li></ul> <br /><ul><li>Online databases need to be marketed and international companies must be made aware of their use.</li></ul> <br /><ul><li>The excise and custom authorities should be made more effective and efficient</li></ul> <br /><ul><li>More R&D and infrastructural facilities should be developed.</li></ul> <br />
  44. 44. Thank you<br />