ocean india

7/31/2019 Ocean India

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INTRODUCTION

NEED FOR THE STUDY

OBJECTIVES OF THE STUDY


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INTRODUCTION

Human resource management is the strategic and coherent approach to

the management of an organizations most valued assets-the people working

there who individually and collectively contribute to the achievement of the

objectives of the business. The goal of human resource management is to help

an organization to meet strategic goals.

Human resource management is the process which develops and

manages the human element of an enterprise i.e., recruit, select, train and

develop members of an organization. Human resource management is

concerned with integration getting all the members of the organization

involved and working together with a sense of common purpose.


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NEED FOR THE STUDY

Human resources undoubtedly play the most important role in the

functioning of an organization. If an organization can effectively manage its

human resources, then these human resources will take care of the rest of the

resources. Unless they are satisfied with their job, human resources will not

put their best efforts for the accomplishment of organizational goals andobjectives.

Employee job satisfaction is one of the Important factors that has drawn

in the organization. Various studies have been conducted on recruitment or

selection process which determines the growth of the organization.

The Ocean India private limited is one of the leading Textile Industry.

Its successes can be attributed to the efforts of dedicated and satisfied work

force.


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Objectives of the study:

1. To know the recruitment process..2. Recruiting the efficient employs3. To increase the level of qualitative employ in the company.4. To know the best way of recruiting.

5 To offer necessary suggestions to the organization for enhancing the Toknow the best way of recruiting.

CONTENTS

CHAPTERS

CHAPTER-1 INTRODUCTION NEED FOR THE STUDY SCOPE OF THE STUDY LIMITATIONS OF THE STUDY

CHAPTER-2 INDUSTRY PROFILE COMPANY PROFILE


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MANAGEMENT PROFILE ACHEIVEMENTS AND MILDSTONES

CHAPTER-4 ANALYSIS INTERPRETATION

CHAPTER-5 FINDINGS SUGGESTIONS CONCLUSION BIBILIOGRAPHY ANNEXURE

CHAPTERISATION

The first chapter deals with the introduction to the study aboutemployee job satisfaction, need for the study, objectives of the study,methodology, scope of the study, and limitations of the study are also

discussed.


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The second chapter deals with the industry profile and company profile,management profile and achievements of the company.

The third chapter deals with conceptual frame work concepts ofemployee job satisfaction.

The fourth chapter elicits the opinion and views of respondents of theemployee satisfaction.

The fifth chapter evaluates the whole report in summary, findings andsuggestions and conclusion.


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INTRODUCTION

NEED FOR THE STUDY

OBJECTIVES OF THE STUDY


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INTRODUCTION

Human resource management is the strategic and coherent approach to

the management of an organizations most valued assets-the people working

there who individually and collectively contribute to the achievement of the

objectives of the business. The goal of human resource management is to help

an organization to meet strategic goals.

Human resource management is the process which develops and

manages the human element of an enterprise i.e., recruit, select, train and

develop members of an organization. Human resource management is

concerned with integration getting all the members of the organization

involved and working together with a sense of common purpose.


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NEED FOR THE STUDY

Human resources undoubtedly play the most important role in the

functioning of an organization. If an organization can effectively manage its

human resources, then these human resources will take care of the rest of the

resources. Unless they are satisfied with their job, human resources will not

put their best efforts for the accomplishment of organizational goals andobjectives.

Employee job satisfaction is one of the Important factors that has drawn

in the organization. Various studies have been conducted on recruitment or

selection process which determines the growth of the organization.

The Ocean India private limited is one of the leading Textile Industry.

Its successes can be attributed to the efforts of dedicated and satisfied work

force.


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Objectives of the study:

5. To know the recruitment process..6. Recruiting the efficient employs7. To increase the level of qualitative employ in the company.

8. To know the best way of recruiting.

6 To offer necessary suggestions to the organization for enhancing the Toknow the best way of recruiting.

Importance of Human Resource Management

The importance of human resources management can be discussed under the

following three standpoints:


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SOCIAL SIGNIFICANCE

Maintaining a balance between the jobs available and the job seekers,according to the qualifications and needs

Making effective utilization of the resources and paying the employee areasonable compensation

BY helping people make their own decisions

PROFESSIONAL SIGNIFICANCE

Maintaining the dignity of the employee as a human being Opportunities for personal development Improving the employees working skill and capacity

SIGNIFICANCE FOR THE INDUSTRIAL ENTERPRISES

Creating the right attitude employees through effective motivation Securing willing co-operation of the employees for achieving goals of the

enterprise

To develop team spirit of an individual and the department


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Conclusion

In conclusion it may be said that the future of personnel managers should strive

hard towards excellence-individually and collectively, so that as a body they may

occupy a right place in the hierarchy of management along with the other co-

professionals. If they could do it, they would prove worthy to the motto TO

LEARN TO SERVE


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AN OVERVIEW OF THE ORGANISATION

BRIEF PROFILE OF THE ORGANIZATION

INTRODUCTION OF INDIAN TEXTILE INDUSTRY:

India Textiles industry is none of the leading textile industries in the world.

Through was predominantly unorganized industry even a few years back, but the

scenario started changing after the economic liberalization of Indian economy in

1991. Indian textile industry largely depends upon the textile manufacturing and

export. It also plays a major role in the economy of the country. India earns about

27% of its total foreign exchange through textile exports. Further, the textiles

industry of India also contributes nearly 145 of the total industry industrial

production of the country. It also contributes around 3% to the GDP of the

country. India textile is also largest in the country in terms of employment


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generation. It not only generates jobs in its own industry, but also opens up

scopes for the other ancillary sectors. Indian textiles industry currently generates

employment to more than 35 million people. It is also estimated that, the industry

will generate 14 million new jobs by the year 2013. This unique industry structure

is primarily a legacy of government policies that have promoted labor intensive.

Currently it is estimated to be around to be US$ 52 billion and is also projected to

be around US$ 115 billion by the year 2012. The share of exports is also expected

to increase from 4% within 2013. The inevitable problems faced by the industry

are to make the industry technologically up-to-date rather than expand capacity

as such. However, the problem not been fully tackled and it is of utmost

importance that the whole industry is technologically updated. India has become

the outsourcing capital of the world and this has created its own set of HR

challenges. Indias biggest problem is that qualified graduates are becoming

scarce. Despite the large population, the supply of engineers cannot keep up with

the sharply increased demand.

Recent business factors, such as increasing competition and the

shortage of talented workers, have encouraged organization to focus on the

results of the full talent acquisition life cycle. As a result, the scope of the process

has grown to include a greater emphasis on planning staff requirements,

attracting a pool of talented candidates, using new techniques for sourcing and

screening candidate greater emphasis on assessing candidate skills and verifying

backgrounds, and ensuring an effective on-boarding process. By expanding the


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scope of the talent acquisition and focusing on measuring the end result of the

full process, organization are better meeting their talent acquisition goals.

TEXTILE INDUSTRY OVERVIEW:

Textile Industry is one of the largest and oldest industries in

India. It has a significant role in India as it fulfills the essential and basic need of

people. Textile Industry in India stands at unique place and has maintained a

sustainable growth over the years. This is a self-reliant and independent industry

and has great diversification and versatility. Textile Industry in India provides

great contribution for the development of economy. It is the second largest

textile industry in the world after China. It provides ample employment

opportunities to people belonging to all classes. After agriculture this industry

provides employment to maximum number of people in India employing 35

million people.

Textile Industry represents the rich culture, tradition, heritage & economic well-

being of country with diversified range and versatility. At the same time industry

is competitive enough to fulfill different demand patterns of domestic and global

markets. Indian Textile Industry plays vital role in country's economic

development and contributes 14% to industrial production in the country. Textile

Industry contributes around 4% of GDP, 9% of excise collections, 18% of

employment in industrial sector, and 16% share in countrys export.


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Indian Textile Industry is valued at US $36 bn. The development of Indian Textile

Industry started in 1985. This was the year, for the first time Textile sector was

considered as an important industry and a separate policy was formulated for

sectors development. In the year 2000, National Textile Policy was announced.

With further development Textile Industry came out of Quota Regime of Import

Restrictions under the Multi Fiber Arrangement (MFA). This development came

on 1st January 2005 under the World Trade Organization (WTO) Agreement on

Textiles and Clothing. Because of the elimination of quota restrictions, most of the

developing countries now can develop the potential market at both domestic and

international level. These countries can develop the industry expertise and can

have competitive advantage through implementing new technology, more skilled

labor will improved distribution channel, cost effective operation and production

with greater value addition in each step of value chain. Moreover it will help for

Foreign Direct Investment in industry that will create great opportunity to

strengthen the sector. Some of the strengths of Indian Textile Industry are large

and potential domestic and international market, large pool of skilled and cheap

labor, well-established industry, promising export potential etc.

HISTORY OF TEXTILE:

No one knows when exactly the spinning and weaving of textile began. It has

been said that people knew how to weave even 27000 years ago. This was even

before humans were able to domesticate animals. The oldest actual fragment of

cloth found was in southern Turkey.


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People used fibers found in nature and hand processes to make fibers into cloth.

Even though high technology was not available, skilled weavers created a wide

variety of fabrics. Dyeing of fabrics was done to satisfy the universal human need

for beauty.

Within time, more complex social and political organization of people evolved.

With the growth of cities and nations, improvements in technology came into

place and there was a substantial development in the international trade, both of

which involved textiles.

Chinese textile was considered to be the most significant in

international trade. Historians have claimed that silk from China has reached

ancient Greece and Rome along a trade route called the Silk Road in the latter

part of the second century B.C. and Egypt in 1000 B.C. The Romans also imported

cotton from nearby Egypt and from India. Archeologists have found facilities for

dyeing and finishing cotton fabrics in settlements throughout the Roman world.

During the middle ages, the production and trading of the plant called woad, an

important source of dye, was a highly developed industry. During the fifteenth

century, Trade Fairs in southern France provided a place for the active exchange

of wools from England and silks from the Middle East. The economic activities

surrounding these events gave rise to the first international banking

arrangements. Even the discovery of America was a result of the desire of

Europeans to find a faster route not only to the spices but also to the textiles of

the Orient.


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Textile trade quickly took root in America, as colonists sold native dyes such as

indigo and cochineal to Europe and bought cottons from India. Although advances

were being made in the technology of textile production, the manufacture of

cloth in Western Europe in 1700 was still essentially a hand process. Yarns were

spun on a spinning wheel and fabrics were woven by hand-operated looms.

A major reorganization of manufacturing of a variety of

goods occurred during the latter half of the 1700s in Western Europe. These

changes, known as the Industrial Revolution, altered not only technology, but

also social, economic, and cultural life. The production of textiles was the first

area to undergo industrialization during the seventeenth and eighteenth

centuries as the result of an economic crisis. Good quality textile products,

produced inexpensively in India and the Far East, were gradually replacing

European goods in the international market. In Britain, it became imperative that

some means be found to increase domestic production, to lower costs, and to

improve the quality of textiles. The solution was found in the substitution of

machine or nonhuman power for hand processes and human power.

Many important inventions, most importantly spinning machines,

automatic looms, and the cotton gin, improved the output and quality of fabrics.

These inventions provided the technological base for the industrialization of the

textile industry. Each invention improved one step of the process. For example, animprovement that increased the speed of spinning meant that looms were

needed that consumed yarn more rapidly. More rapid yarn production required

greater quantities of fiber. The growth of the textile industry was further

hastened by the use of machines that were driven first by waterpower, then by


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steam, and finally by electricity. The textile industry was fully mechanized by the

early part of the nineteenth century. The next major developments in the field

were to take place in the chemists laboratory. Experimentation with the

synthesis of dyestuffs in the laboratory rather than from natural plant materials

led to the development and use of synthetic dyes in the latter half of the

nineteenth century. Other experiments proved that certain natural materials

could be dissolved in chemical solvents and re-formed into fibrous form. By 1910,

the first plant for manufacturing rayon had been established in the United States.

The manufacture of rayon marked the beginning of the manufactured

textile fibers industry.

Since that time, enormous advances have been made in the

technology for every field in the textile industry. Today, the textile industry

utilizes a complex technology based on scientific processes and vast economic

organizations. With the application of advanced technology to the textile field,

textile use has expanded from the traditional areas of clothing and home

furnishings into the fields of construction, medicine, aerospace, sporting goods,

and industry. These applications have been made possible by the ability of textile

scientists to utilize textile fibers, yarns, and fabrics for specific uses. At the same

time that textile technology is making strides in new directions, the fabrics that

consumers buy for clothing and household use also benefit from the development

of new fibers, new methods of yarn and fabric construction, and new finishes for

existing fibers and fabrics.

Today, a huge international industrial complex encompasses

the production of fiber, spinning of yarns, fabrication of cloth, dyeing, finishing,


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printing, and manufacture of goods for purchase. Consumers purchase many

different products made of textiles. The story of the journey that these products

make as they progress from fiber to yarn to fabric to finished

BRIEF PROFILE OF THE ORGANISATION:

INTRODUCTION:

Ocean India Private Limited (OI) is a joint venture between

Leading Investment Holdings Limited ( LIHL) (93.6%) and Ocean Lanka Limited

(OL) (6.4%), One of the largest manufacturers of knit fabric in Sri Lanka and a

subsidiary of Fountain Set, the largest circular knitted fabric manufacturer in the

world. Ocean Lanka, as a joint venture partner will provide the technical expertise

to establish Ocean India operationally.

Ocean India is located on a 75 acre plot of land, with a factory

building extending 400,000 Sq. ft. having both Knitting & dyeing facilities, within

Brandix India Apparel City SEZ, a vertically integrated supply chain city for the

Apparel manufacturing sector.


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FOUNDATION OF OCEAN INDIA:

Ocean India laid the foundation stone for the construction of its

state-of-the-art knit fabric manufacturing unit at Brandix India Apparel City [BIAC]

in Vizag. Mrs. HA Chung Fong, Wife of Chairman Fountain Set Ltd, along with

other distinguished guests graced the colorful ceremony. The event marks yet

another historical milestone in the progress of Brandix India Apparel City.

Ocean India is a joint venture partnership between Fountain Set

*Holdings+ Limited *Hong Kong+, one of the worlds largest knit fabric

manufacturers, Brandix Lanka and Hirdramani Group. Fountain Set [Holdings] are

recognized in the industry as a global player supplying to over 40 countries to

internationally renowned brands and has long been a driving force in the global

market through its vertically integrated operations.

This new venture with its world-class manufacturing unit will not

only serve the needs of apparel manufacturing units in BIAC, but will also cater to

India. The 75-acre facility, situated within the 1000-acre Brandix Apparel City in

the Special Economic Zone [SEZ] in Vizag, is projected to be one of the largest

textile-manufacturing units in the region. The unit is expected to be ready for

commercial production by the second quarter of 2008Based on an innovative

fiber-to-store concept, BIAC is a the first of its kind in the world, with capabilities

in spinning, fabric, accessory and apparel manufacture supported by services such


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as centralized logistics, training facilities, laboratories and other ancillary

requirements all under one roof, making it a fully integrated one-stop shop for

end-to-end apparel solutions.

OCEAN INDIA - TODAY:

Ocean India, backed by fabric giant, Fountain Set Holdings of Hong Kong has

already set up the largest knit fabric mill in the region. The company incontestably

the largest manufacturer of Weft Knitted Fabrics mainly caters to the needs of a

prestigious customer base comprising Victorias Secret, Tommy Hilfiger, Marks &

Spencer, Nike, Next and Gap etc. Ocean India plans to produce close to 37,000

meters of knitted grey fabric in the Phase 1 and another 18,500 meters of solid

dyed fabric under Phase II Fabrics such as Single Jersey, Rib, Fleece, Lycra Single

Jersey, Lycra Rib & Interlock would be produced for which yarn would be brought

in from Hyderabad and Pakistan

Brandix Apparel India, the Indian manufacturing arm of

Brandix Sri Lanka, has already commenced commercial production for export. It

has systematically increased its local workforce, and today has a combined

strength of 2,800 associates, with world-class apparel being exported to top

customers such as Victorias Secret (USA) & Hanes (USA). Plans are also underway

to source out to other global customers as well.


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This state of the art apparel park is expected to employ over

60,000 employees at full capacity. With infrastructure development in full swing,

BIAC will provide Real Time Connectivity and Seamless Integration combined

with economies of scale to supply chain partners, bringing in a total combined

investment of USD 1 Billion to Visakhapatnam. Once fully operational, BIAC will

export apparel worth more than USD 1.4 billion per annum.

ABOUT OCEAN LANKA:

Ocean Lanka is Sri Lanka's largest weft knitted fabric

manufacturer, producing core products such as jersey, lycra, fleece, terry and

others to world class standards in quality and design. Its discerning client base

includes Victoria's Secret, Tommy Hilfiger, Marks & Spencer, Nike, Next and Gap

etc.

The company's strong research and development capabilities

enable it to pioneer development textile technologies to give it an industry edge,

as well as execute customer-driven developments. Highly skilled product

development teams, in both Sri Lanka and Hong Kong, are an integral part of this

process and ensure excellence in manufacturing and quality.

Continuous innovation, exceptional response times, competitive pricing and

customer centricity had contributed to its enormous success in a relatively short

period of time. Key points of focus are customer centricity, time to market,

quality compliance and assurance, and superior expertise and infrastructure.


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The utmost importance is attached to in particular all waste, emission and by

products in the manufacture of weft knitted fabrics to promote environmental

sustainability. Ocean Lanka aims to minimise the environmental impact of

operations by compliance with all environmental legislation. This is augmented by

reducing waste generation, contamination of water, air and land and raising

awareness of this policy among all employees.

Ocean Lanka (Pvt) Ltd is a BOI approved company

situated in the Biyagama Export Processing Zone (BEPZ), of Sri Lanka. It was

established in 1994 with ownership shared between Fountain Set (Holdings)

Limited, Brandix Lanka Limited and Hiradramani Group. The company

incontestably the largest manufacturer of Weft Knitted Fabrics in the island

mainly caters to the needs of a prestigious customer base comprising Victoria s

Secret, Tommy Hilfiger, Marks & Spencer, Nike, Next and Gap etc.

The company product range is of world class standard and the collaboration withthe global textile giant Fountain Set (Holdings) Ltd of Hong Kong has given the

company an edge over its competitors in pioneering development of new textile

technology. Its continuous innovations through research and

development, excellent after sale customer service and exceptional response time

in meeting customer needs have already contributed to the tremendous success

that Ocean Lanka has achieved which had made it to triple its production capacity

within just half a decade years of commencement of commercial operations.

The production process of the company is fully backed by the

technical and material support of vertically integrated textile giant Fountain Set


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(Holdings) limited which has given a cost advantage to Ocean Lanka enabling it to

offer high quality knitted fabric at extremely competitive prices.

CULTURE AT OCEAN INDIA:

Ocean Indias Way of Life is our culture and permeates

the whole organization. Ocean Indias corporate 'personality' is determined by

three overlapping areas: values, work culture and social responsibility. The way of

working is all about accepting and embracing our values, and acting with social

responsibility. It's also about a young and dynamic entity which supports its

personalities to blossom in a vibrant environment.

The Ocean India culture not only aligns associates with

corporate goals, it moulds their philosophy of work and therefore life. Changing

mindsets positively takes great care and time but its value is inestimable. As well

as encouraging associates to becoming customer-focused, incorporating speed,

flexibility, innovation and passion into their work allows them to think more

productively and perform for results.

Accommodating change and embracing openness and

transparency leads to the appreciation of others and the progressive

development of the individual, at work and elsewhere. The culture of internalappreciation and recognition includes the Kaizen awards for innovative thinking,

merit awards for work and attendance, 'I value you' cards and gifts. The 'Pat on

the back' initiative promotes instant appreciation of behavior and performance


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among colleagues. Our new program GLOW (Great Lift Off Work) enables social

interaction.

These practices are designed to infuse the values into the

work ethic and motivate and empower our associates to extend themselves in

their work on all planes. With appreciation and recognition being key elements in

developing inspired people Group-wide, and believe it will nurture innovation at

all levels.

We are proud of our social responsibility record and highestcompliance standards. It's about improving lives within the Ocean India sphere

and those others that it touches in our neighborhoods. Ocean India also believes

that such positive changes promotes a better work-life balance and encourages

its people to enjoy their work experience, all in all, making Ocean India a great

place to work.

VALUES:

Integrity Team work Customer service Learning & growth Ownership & Commitment


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VISION STATEMENT:

To be the inspired solution for branded clothing..

MISSION STATEMENT:

To be the preferred supplier of Weft Knitted Fabric in the region, and to have a

highly motivated effective & efficient work force to ensure that we surpass all

expectations of our customers with the best value & service; thereby providing

optimum returns to society and the environment.

ENVIRONMENTAL POLICY:

Ocean India's activities interact with the environment, since our raw materials

come from nature. At Ocean India attach utmost importance to environmental

protection and in particular all waste, emission and by products in the

manufacture of weft knitted fabrics. Our activities would not be possible with out

the support of the surrounding in which we operate. Our main interest is to

preserve this environment, which is necessary for long term business viability.

In order to minimize the environment impacts of our operations, we are

committed to prevention of pollution through the following.


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Comply with all applicable laws, regulations, environmental legislation andwith other requirements aimed at protecting natural resources, and the

environment.

Reduce resource consumption to minimum requirement

Reduce waste generation and contamination of air, water and land. We willalso ensure that unavoidable waste is disposed of in a safe, environmental

friendly way.

Adopt new technologies, where possible, which enable us to fulfill theseobjectives.

Make all employees aware of the environmental impacts of their activitiesand the requirements of this policy.

The policy is documented and maintained and provides the framework forsetting and reviewing Ocean Lanka environmental objectives and targets.

Undertake to ensure continual improvement in environmentalperformance.

With the active participation of all employees, who are

individually and collectively responsible for our performance, and through the

commitment of continual improvement of the environmental performance, We

will incorporate environmental protection within our business strategy.


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To evidence such commitments, we will publish this policy

together with the detail of our environmental performance. These will be

available to any interested party or member of the public upon request.

CURRENT STATUS:

Knitting production commenced in January 2009, & fabric Dyeing operations

commenced in December 2009. The company has invoiced sale of INR 254

Million, comprising of 1,904.014 Lbs as at 30th September for the FY 2010/2011.

FUTURE INVESTMENT:

Investment & commitment to growth from all partners

Production capacity increased and upgraded

Product diversification & enhanced product flexibility

Yarn-dye facilities


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OPERATIONAL HIGHLIGHTS:

At present Ocean India is supported with an installed capacity of 65 knitting

machines capable of doing Single Jersey, Double Jersey & Ribbed knitted fabric,

with an averaging daily output 30,000 lbs per day.

The dyeing operation is synchronized to deliver the same level of output.

Revenue is expected to grow from INR 277 Million in FY 2009/10 to INR. 562.5

Million in FY 2010/11

Qtr1

April- June

Qtr2

July- Sept

Qtr3

Oct- Dec

Qtr4

Jan- Mar

Sales Lbs 780,000 950,500 1360,000

% of Capacity

utilized

26% 32%


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PRINTING OPERATIONS:

In the end August 2010, Ocean India on partnership with Quenby Lanka Prints

installed an in-house printing facility with a printing capacity of 10,000 meters of

printed fabric per day.

This is expected to create the rise in sales Lbs for the next two quarters with a

wider product range for offer including a variety of prints pigment prints, reactive,

boldge etc.

CUSTOMER BASE:

Ocean India has secured customers in India, Sri Lanka & Bangladesh,

catering to both the Brandix group & outsiders. Our end buyers comprise of

Victorias Secret

H&M


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Marks & Spencer

Tema

Next

Levis

PrimarkINITIATIVES/ ACHIVEMENTS THIS YEAR:

Savings on utilities:

Water:

The dyeing process has been changed to dye fabric at an MLR 1:6, previously

done at 1:8, hence the water consumption will fall by 20%

It is attempted to reduce the water consumption through reusing the water

where possible from the dyeing process.


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Lab Accredited by Victorias Secret

Factory being approved as a Tier 2 Factory by Victorias Secret.

CREATING VALUE IN INDIA:

Ocean India brings state of art technology to India. This new

venture with its world-class manufacturing unit will not only serve the needs of

apparel manufacturing units in BIAC, but will also cater to India.The company

incontestably the largest manufacturer of Weft Knitted Fabrics in the island

mainly caters to the needs of a prestigious customer base comprising Victoria s

Secret, Tommy Hilfiger, Marks & Spencer, Nike, Next and Gap etc.

The company product range is of world class standard and the collaboration with

the global textile giant Fountain Set (Holdings) Ltd of Hong Kong has given the

company an edge over its competitors in pioneering development of new textile

technology.

In just three years it has established a good standard of product and strong

presence in India.


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ocean india

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