Economics Essays Petroleum Price Oil Economy

Economics Essays Petroleum Price Oil Economy Petroleum Price Oil and the Economy Summary The vulnerability of oil-importing countries to higher oil prices varies markedly depending on the degree to which they are net importers and the oil intensity of their economies. According to the results of a quantitative exercise carried out by the IEA in collaboration with the OECD Economics Department and with the assistance of the International Monetary Fund Research Department. Euro-zone countries, which are highly dependent on oil imports, suffered the most in the short term, their GDP dropping by 0.5% and inflation rising by 0.5% in 2007. The United States suffered the least, with GDP falling by 0.3%, largely because indigenous production meets a bigger share of its oil needs. Japan’s GDP fell 0.4%, with its relatively low oil intensity compensating to some extent for its almost total dependence on imported oil. In all OECD regions, these losses should start to diminish in the following three years as global trade in non-oil goods and services recovers. This analysis assumes constant exchange rates. Oil prices impact the health of the world economy. Higher oil prices since 1999 – partly the result of OPEC supply-management policies – contributed to the global economic downturn in 2000-2001 and are dampening the current cyclical upturn. World GDP growth may have been at least half a percentage point higher in the last two or three years had prices remained at mid-2001 levels. Current fears of OPEC supply cuts, political tensions in Venezuela and tight stock prices have driven up international crude oil and product prices even further. The adverse economic impact of higher oil prices on oil-importing developing countries is generally even more severe than OECD countries. This is because their economies are more dependent on imported oil are more energy-intensive, and energy is used less efficiently. On average, oil-importing developing countries use more than twice the amount of oil to produce a unit of economic output as do OECD countries. Developing countries are also less able to weather the financial turmoil wrought by higher oil-import costs. India spent $15 billion, equivalent to 3% of its GDP, on oil imports in 2003. This is 16% higher than its 2001 oil-import bill. It is estimated that the loss of GDP averages 0.8% in Asia and 1.6% in very poor highly indebted countries in the year following. The loss of GDP in the Sub-Saharan African countries would be more than 3%. The impact of higher oil prices on economic growth in OPEC countries would depend on a variety of factors, particularly how the windfall revenues are spent. In the long term, however, OPEC oil revenues and GDP are likely to be lower, as higher prices would not fully compensate for lower production. In the IEA’s recent World Energy Investment Outlook, cumulative OPEC revenues are $400 billion lower over the period 2001-2030 under a Restricted Middle East Investment Scenario, in which policies to limit the growth in production in that region lead to on average 20% higher prices, compared to the Reference Scenario. Introduction This paper reviews how oil prices affect the macro-economy and assesses quantitatively the extent to which the economies of OECD and developing countries remain vulnerable to a sustained period of higher oil prices. It summarizes the findings of a quantitative exercise carried out by the IEA in collaboration with the OECD Economics Department and with the assistance of the International Monetary Fund (IMF) Research Department. That work, which made use of the large-scale economic models of all three organizations, constitutes the most up-to-date analysis of the impact of higher oil prices on the global economy. Oil prices have been creeping higher in recent months: the prices of Brent and WTI – the leading benchmark physical crude oils. These price increases and the possibility of further increases in the future have drawn attention again to the threat they pose to the global economy. The next section describes the general mechanism by which higher oil prices affect the global economy. This is followed by a quantitative assessment of the impact of a sustained rise in the oil price on, first, the OECD countries and then on the developing countries and transition economies. Finally the net effect on the global economy is summarized. Oil Price and the Global Economy Oil prices remain an important determinant of global economic performance. Overall, an oil-price increase leads to a transfer of income from importing to exporting countries through a shift in the terms of trade. The magnitude of the direct effect of a given price increase depends on the share of the cost of oil in national income, the degree of dependence on imported oil and the ability of end-users to reduce their consumption and switch away from oil. It also depends on the extent to which gas prices rise in response to an oil-price increase, the gas-intensity of the economy and the impact of higher prices on other forms of energy that compete with or, in the case of electricity, are generated from oil and gas. Naturally, the bigger the oil-price increase and the longer higher prices are sustained, the bigger the macroeconomic impact. For net oil-exporting countries, a price increase directly increases real national income through higher export earnings, though part of this gain would be later offset by losses from lower demand for exports generally due to the economic recession suffered by trading partners. Adjustment effects, which result from real wage, price and structural rigidities in the economy, add to the direct income effect. Higher oil prices lead to inflation increased input costs, reduced non-oil demand and lower investment in net oil importing countries. Tax revenues fall and the budget deficit increases, due to rigidities in government expenditure, which drives interest rates up. Because of resistance to real declines in wages, an oil price increase typically leads to upward pressure on nominal wage levels. Wage pressures together with reduced demand tend to lead to higher short term unemployment. These effects are greater the more abrupt and the more pronounced the price increase and are magnified by the impact of higher prices on consumer and business confidence. An oil-price increase also changes the balance of trade between countries and exchange rates. Net oil-importing countries normally experience deterioration in their balance of payments and putting downward pressure on exchange rates. As a result, imports become more expensive and exports less valuable, leading to a drop in real national income. Without a change in central bank and government monetary policies, the dollar may tend to rise as oil-producing countries’ demand for dollar-denominated international reserve assets grow. The economic and energy-policy response to a combination of higher inflation, higher unemployment, lower exchange rates and lower real output also affects the overall impact on the economy over the longer term. Government policy cannot eliminate the adverse impacts described above but it can minimize them. Similarly, inappropriate policies can worsen them. Overly contractionary monetary and fiscal policies to contain inflationary pressures could exacerbate the recessionary income and unemployment effects. On the other hand, expansionary monetary and fiscal policies may simply delay the fall in real income necessitated by the increase in oil prices, stoke up inflationary pressures and worsen the impact of higher prices in the long run. Impact on OECD Countries OECD countries remain vulnerable to oil-price increases, despite a drop in the region’s net oil imports and an even more marked decline in oil intensity since the first oil shock. Net imports fell by 14% while the amount of oil the OECD used to produce one dollar of real GDP halved between 1973 and 2006. Nonetheless, the region remains heavily dependent on imports to meet its oil needs, amounting to 56% in 2006. Only Canada, Denmark, Mexico, Norway and the United Kingdom are currently net exporting countries. Oil imports are estimated to have cost the region as a whole over $360 billion in 2006 – equivalent to around 1% of GDP. The annual import bill has increased by about 30 % since 2005. Higher oil prices have a significant adverse impact on OECD economic performance in the short term in this case, though their impact in the longer term is more limited (Table 1). The impact on the rate of GDP growth is felt mostly in the first two years as the deterioration in the terms of trade drives down income, which immediately undermines domestic consumption and investment. OECD GDP is 0.4% lower in 2005 and 2006 compared to the base case. In all OECD regions, these losses start to diminish in the following years as global trade in non-oil goods and services recovers. Throughout the whole five-year projection period, GDP is 0.3% lower on average. The impact of higher oil prices on the rate of inflation is more marked. The consumer price index is on average 0.5% higher than in the base case over the five year projection period. The impact on the rate of inflation was felt mostly in 2006 – the second year of higher prices. Recent trends show a clear correlation between oil price movements and short-term changes in the inflation rate. The economic impact of higher oil prices varies considerably across OECD countries, largely according to the degree to which they are net importers of oil. Euro-zone countries, which are highly dependent on oil imports, suffer most in the short term. GDP losses in both Europe and Japan would also exacerbate budget deficits, which are already large (close to 3% on average in the euro-zone and 7% in Japan). The United States suffers the least, largely because indigenous production still meets over 40% of its oil needs. The Impact on Developing Countries The adverse economic impact of higher oil prices on oil-importing developing countries is generally more pronounced than for OECD countries. The economic impact on the poorest and most indebted countries is most severe. On the basis of IMF estimates, the reduction in GDP would amount to more than 1.5% after one year in those countries. The Sub-Saharan African countries within this grouping, with more oil intensive and fragile economies, would suffer an even bigger loss of GDP, of more than 3%. As with OECD countries, dollar exchange rates are assumed to be the same as in the base case. Asia as a whole, which imports the bulk of its oil, would experience a 0.8% fall in economic output and a one percentage point deterioration in its current account balance (expressed as a share of GDP) one year after the price increase. Some countries would suffer much more: the Philippines would lose 1.6% of its GDP in the year following the price increase, and India 1%. China’s GDP would drop 0.8% and its current account surplus, which amounted to around $45 billion in 2006, would decline by $6 billion in the first year. Other Asian countries would see deterioration in their aggregate current account balance of more than $8 billion. Asia would also experience the largest increase in inflation in the first year, on the assumption that the increase in international oil price would be quickly passed through into domestic prices. The inflation rate in China and Thailand would increase by almost one percentage point in 2007. Latin America in general would suffer less from the increase in oil prices than Asia because net oil imports into the region are much smaller. Economic growth in Latin America would be reduced by only 0.2 percentage points. The GDP of transition economies and Africa in aggregate would increase by 0.2 percentage points, as they are net oil-exporting countries. The economies of oil-importing developing countries in Asia and Africa would suffer most from higher oil prices because their economies are more dependent on imported oil. In addition, energy-intensive manufacturing generally accounts for a larger share of their GDP and energy is used less efficiently. On average, oil importing developing countries use more than twice the oil to produce one unit of economic output as do developed countries. The IMF estimates suggest that, in the sustained oil-price increase case, the net trade balance of OPEC countries would improve initially by about $120 billion or around 13% of GDP, taking account of lower global economic growth. Venezuela would gain the least and Iraq and Nigeria the most, reflecting the relative importance of oil in the economy. The impact of higher oil prices on economic growth in OPEC countries would depend on a variety of factors, particularly how the windfall revenues are spent. In the long term, however, OPEC oil revenues and GDP are likely to be lower, as higher prices would not compensate fully for lower production. Higher oil prices in the last four years are in part the result of OPEC’s success in implementing its policy of collectively constraining production. This policy has led to a decline in OPEC’s share of world oil production from 40% in 1999 to 38% in 2003. There is a risk that this policy may be continued in the future, which would limit the extent to which OPEC producers, notably those in the Middle East, contribute to meeting rising world oil demand. According to the IEA’s latest World Energy Outlook, OPEC’s market share is projected to rebound to 40% in 2010 and 54% in 2030. In the IEA’s recent World Energy Investment Outlook, cumulative OPEC revenues are $400 billion lower over the period 2001-2030 under a Restricted Middle East Investment Scenario, in which policies to limit the growth in production in that region lead to on average 20% higher prices, compared to the Reference Scenario. Impact on the Global Economy The results of the sustained higher oil price simulation for both the OECD and non- OECD countries suggest that, as has always been the case in the past, the net effect on the global economy would be negative. That is, the economic stimulus provided by higher oil and gas export earnings in OPEC and other exporting countries would be outweighed by the depressive effect of higher prices on economic activity in the importing countries, at least in the first year or two following the price rise. Combining the results of all world regions yields a net fall of around 0.5% in global GDP – equivalent to $ 255 billion in the first year of higher prices. The loss of GDP would diminish somewhat by 2008 as increased demand from oil-exporting countries boosts the exports and GDP of oil-importing countries. The main determinant of the size of the initial net loss of global GDP is how OPEC and other oil-exporting countries spend their windfall oil revenues. The greater the marginal propensity of oil-producing countries to save those revenues, the greater the initial loss of GDP. Both the IMF and OECD simulations assume that oil exporters would spend around 75% of their additional revenues on imported goods and services within three years, which is in line with historical averages. However, this assumption may be too high, given the current state of fiscal balances and external reserves in many oil-exporting countries. In practice, those countries might take advantage of a sharp price increase now to rebuild reserves and reduce foreign and domestic debt. In this case, the adverse impact of higher prices on global economic growth would be more severe. Higher oil prices, by affecting economic activity, corporate earnings and inflation, would also have major implications for financial markets – notably equity values, exchange rates and government financing – even, as assumed here, if there are no changes in monetary policies: International capital market valuations of equity and debt in oil-importing countries would be revised downwards and those in oil-exporting countries upwards. To the extent that the creditworthiness of some importing countries that are already running large current account deficits is called into question, there would be upward pressure on interest rates. Tighter monetary policies to contain inflation would add to this pressure. Currencies would adjust to changes in trade balances. Higher oil prices would lead to a rise in the value of the US dollar, to the extent that oil exporters invest part of their windfall earnings in US dollar dominated assets and that transactions demand for dollars, in which oil is priced, increases. A stronger dollar would raise the cost of servicing the external debt of oil-importing developing countries, as that debt is usually denominated in dollars, exacerbating the economic damage caused by higher oil prices. It would also amplify the impact of higher oil prices in pushing up the oil-import bill at least in the short-term, given the relatively low price-elasticity of oil demand. Past oil shocks provoked debt-management crisis in many developing countries. Fiscal imbalances in oil-importing countries caused by lower income would be exacerbated in those developing countries, like India and Indonesia that continue to provide direct subsidies on oil products to protect poor households and domestic industry. The burden of subsidies tends to grow as international prices rise, adding to the pressure on government budgets and increasing political and social tensions. It is important to bear in mind the limitations of the simulations reported on above. In particular, the results do not take into account the secondary effects of higher oil prices on consumer and business confidence or possible changes in fiscal and monetary policies. The loss of business and consumer confidence resulting from an oil shock could lead to significant shifts in levels and patterns of investment, savings and spending. A loss of confidence and inappropriate policy responses, especially in the oil-importing countries, could amplify the economic effects in the medium term. In addition, neither the OECD’s estimates for member countries nor the IMF’s estimates for the developing countries and transition economies take explicit account of the direct impact of higher oil prices on natural gas prices and the secondary impact on electricity prices, other than through the general rate of inflation. Higher oil prices would undoubtedly drive up the prices of other fuels, magnifying the overall macroeconomic impact. Rising gas use worldwide will increase this impact. Nor does this analysis take into account the macroeconomic damage caused by more volatile oil prices. Short-term price volatility, which has worsened in recent years, complicates economic management and reduces the efficiency of capital allocation. Despite these factors, the results of the analysis presented here give an order-of-magnitude indication of the likely minimum economic repercussions of a sustained period of higher oil prices. Conclusion Oil prices remain a significant macroeconomic variable. Higher prices can still inflict substantial damage on the economies of oil-importing countries and on the global economy as a whole. The surge in prices in 1999-2000 contributed to the slowdown in global economic activity, international trade and investment in 2000- 2001. The disappointing pace of recovery since then is at least partly due to rising oil prices: according to the modeling results, global GDP growth may have been at least half a percentage point higher in the last two or three years had prices remained at mid-2001 levels. The results of the simulations presented in this paper suggest that further increases in oil prices sustained over the medium term would undermine significantly the prospects for continued global economic recovery. Oil importing developing countries would generally suffer the most as their economies are more oil-intensive and less able to weather the financial turmoil wrought by higher oil-import costs. The general economic background to the current run-up in prices is significantly different to previous oil-price shocks, all of which coincided with an economic boom when economies were already overheating. Prices are now rising in a situation of tentative economic revival, excess capacity and low inflation. Firms are less able to pass through higher energy-input costs in higher prices of goods and services because of strong competition in wholesale and retail markets. As a result, higher oil prices have so far eroded profits more than they have pushed up inflation. The consumer price index growth has fallen in almost every OECD country in the past year, from 2.3% to 2.0% in the Euro zone and 2.4% to 1.9% in the United States in the 12 months to December 2003. Deflation in Japan has worsened from -0.3% to 0.4% over the same period. A weaker dollar since 2002 has also offset partly the impact of higher oil prices in many countries, especially in the euro-zone and Japan. The squeeze on profits delayed the recovery in business investment and employment, which began in earnest in 2003 in many parts of the world. In contrast to previous oil shocks, the financial authorities in many countries have so far been able to hold down interest rates without risking an inflationary spiral. Yet the economic threats posed by higher oil prices remain real. Fears of OPEC supply cuts, political tensions in Venezuela and tight stocks have recently driven up international crude oil and product prices even further. Current market conditions are more unstable than normal, in part because of geopolitical uncertainties and because tight product markets – notably for gasoline in the United States – are reinforcing upward pressures on crude prices. The hike of futures prices during the past several months implies that recent oil price rises could be sustained. If that is the case, the macroeconomic consequences for importing countries could be painful, especially in view of the severe budget-deficit problems being experienced in all OECD regions and stubbornly high levels of unemployment in many countries. Fiscal imbalances would worsen, pressure to raise interest rates would grow and the current revival in business and consumer confidence would be cut short, threatening the durability of the current cyclical economic upturn. References Eichengreen, B., Y. Rhee and H. Tong (2004), â€Å"The Impact of China on the Exports of Other Asian Countries,† NBER Working Paper no.10768 (September). Frankel, J. and D. (1999), â€Å"Does Trade Cause Growth?† American Economic Review 89, pp. 379-399. Grubert, H. and J. Mutti (1991), â€Å"Taxes, Tariffs and Transfer Pricing in Multinational Corporate Decision-Making,† Review of Economics and Statistics 73, pp.285-293. Ianchovichina, E. and W. Martin (2005), â€Å"Trade Impacts of China’s WTO Accession,† this volume. Lian, D. (2005), â€Å"Singapore’s Lessons for China,† Morgan Stanley Global Economic Forum (5 May), np. Mody, A., A. Razin and E. Sadka (2002), â€Å"The Role of Information in Driving FDI: Theory and Evidence,† NBER Working Paper no. 9255 (October). Ravenhill, J. (2005), â€Å"Why the East Asian Auto Industry is not Regional,† unpublished manuscript, Australian National University.

The Euthanasia Debate

Euthanasia is the practice of voluntarily ending a life to relieve pain and suffering (Euthanasia. com/definitions). The act of euthanasia differs from the act of murder in that the person who will die makes the decision to end their life. In the case of murder, the person does not wish to end their life, but anther person intervenes to bring about their death against their wishes. Euthanasia is categorized as active and passive (Euthanasia. com/definitions). Passive euthanasia means failure to provide life prolonging medical treatment and letting a disease take its natural course without intervention. Active euthanasia means to take measures to end a person’s life (Euthanasia. com/definitions). When the topic of euthanasia is discussed, active euthanasia is typically to what is being referred to. The debate over whether euthanasia, particularly physician assisted suicide, is acceptable is a debate of global concern. Both sides of this debate have clearly defined positions. One side feels that assisted suicide is a form of mercy killing, and under certain conditions patients have a right to assisted suicide if it is their wish. However, others clearly oppose euthanasia, claiming that regardless of the circumstances, to end someone’s life early is wrong. The following will explore both sides of the euthanasia debate. Proponents The Netherlands and Switzerland were the first countries to legalize assisted suicide for those that were suffering from a painful or deadly disease (Pollard). The issue is hotly debated, and jurisdictions around the world switch back and forth continually on the issue. On the pro side of euthanasia, it is recognized as a right of the terminally ill in order to end their suffering. It is considered to be a basic human right to die with dignity (Maisie). Proponents of the right to euthanasia propose that the right to die is a natural extension of a person’s right to make their own decisions on any other topic regarding their (Maisie). The concept that a person has a right to decide whether their life has value to them or not is considered to be a basic human right (Maisie). The right to take one’s own life by suicide is considered to be unacceptable in many cultures, therefore it is looked down upon as culturally unacceptable. However, suicide differs from euthanasia in that a person does not have a condition that would shorten their life, or place them in unbearable pain that is not expected to cease (Euthanasia. com/reasonsforeuthansia). People who commit suicide would have hope for a better quality life if they receive help (St. Clair, 2009). Those who consider euthanasia are exercising their right to end their own suffering. Doctors are at the center of the euthanasia debate. They are in a position where they have an oath to do no harm. Preserving a life of suffering against the wishes of the patient, or ending that life can both be considered doing harm (St. Clair, 2009). Patients have the right to refuse any medical treatment that is against their wishes (Maisie). It is considered to be contradictory to disallow them the ability to end their life in order to end suffering (Maisie). Many of those who support euthanasia do so on the basis of preserving human rights and dignity. Opponents However, those that oppose the right to die do so based on fears that it might be abused, and become a form of legalized murder (Maise). Concerns arise over legal heirs who might promote euthanasia for financial gain, or perhaps doctors who would hasten a death in order to receive an organ transplant (Maise). Opponents bring up many scenarios that would make the bioethics surround the issue even more difficult to resolve. For instance, would a mental illness be considered sufficient emotional pain to justify euthanasia, or would the person be considered to be incapable of making a rational decision in this regard (Hershey)? There are many such issues that weigh into the decision of whether to consider euthanasia to be a reasonable course of action. How to assess whether a person is actually competent to make their own decision when they are under the influence of heavy pain medication is another issue in the euthanasia debate (Hershey). The arguments by both proponents and opponents are largely hypothetical. The circumstances of each case make it difficult to generalize and create effective policy regarding the issue. Both sides have valid points. The arguments of both proponents and opponents are supported by hypothetical situations and scenarios that have come into existence. This makes the issues surrounding the development of uniform legal and moral policies about euthanasia so difficult because of the many different circumstances. The issues surrounding euthanasia are highly emotional and highly personal. In conclusion, the central debate that is at the heart of the euthanasia issue can be reduced to that of human rights. If the person decides to end their life and they have no hope of recovery, then the question shifts from care to whether or not they have a right to end their own life. They have a right to make other medical decisions about their own care, and they have the right to determine if they wish to be resuscitated if they should go into cardiac arrest (Patients Rights Council). They can make a living will and determine if they wish to have life-saving or even life-preserving measures should they become brain dead (Patients Rights Coucil). However, the issues regarding assisted euthanasia are complex and both sides viciously defend their position.

Good Night and Good Luck and Belonging

How has the film Good Night and Good Luck contributed to your understanding the experience of belonging? In your response identify 3 observations about belonging and analyse 3 techniques used to convey this experience. ————————————————————————————————————————————————————————————- The 2005 black and white film Good Night and Good Luck is able to present multiple views and perspective of belonging through the threats of communism and the sense of belonging that is associated by this context. The three most prominent ideas placed forth throughout the film about belonging are that belonging comes at the price of conformity, that fear can be used to silence those who choose to challenge the authority of the group and that choosing not to belong requires great courage and the acceptance of ostracism. The idea of Belonging comes at a price of conformity is strongly represented throughout the film as McCarthyism is presenting the idea that to belong or fit in one must believe what everyone else must believe in and act likewise. At the beginning of the film no one is prepared to confront or disobey what is considered the ‘right’ thing by McCarthy and his committee as they were too afraid of being accused themselves. Those that did not oppose McCarthyism and their leaders felt that they could belong as they shared a common belief and all acted in the same way to keep their sense of belonging intact and preserved. Edward Murrow uses a metaphor to display this idea of belonging through the statement, â€Å"I see a chain reaction that has no end. This quote displays that if people are pressured to conform to the majority, it will be a never ending cycle with all choice and freedom taken from the individual. A second observation of belonging I observed in the film, Good Night and Good Luck, was that fear can be used to silence those who choose to challenge the authority of the group. Joseph McCarthy uses fear to control the country by accusing anyone that opposes him by declaring them to be communis ts themselves. This fear prevents people from speaking up against McCarthy as they are afraid of being ostracised and from not belonging. This is shown when Edward Murrow stands up to McCarthy and speaks against him, and in response McCarthy discredits Murrow by claiming he is a communist and cannot be believed. Throughout the film, particularly towards the end we get the sense that choosing not to belong requires great courage and the acceptance of ostracism. At the beginning of the story we see that McCarthy has everyone under his control and he has the power of the country. However as the movie progresses we see that Murrow and the CBS news team begin to rebel against McCarthyism and are required to show great courage to do what everyone else is too afraid to pursue. Also we see that as their movement persists, Murrow is framed by McCarthy as he attempts to be ostracised from the mainstream society and not allowed to belong. Good Night and Good Luck has altered my understanding of belonging as it has opened my eyes to the negative aspects of belonging and the harmful consequences that result from belonging. The film is a strong text to be able to create awareness of belonging requiring courage as it can bring fear and conformity among those in the group.

Life style retailing business division - Free Essay Example

Sample details Pages: 33 Words: 9878 Downloads: 10 Date added: 2017/06/26 Category Statistics Essay Did you like this example? CHAPTER- 1 INTRODUCTION Purpose and scope of study Research Objective Don’t waste time! Our writers will create an original "Life style retailing business division" essay for you Create order Key Research Area(KRAs) Research Methodology Limitation of the Study Company Profile Purpose and scope of the study To understand the whole area of IMT Manesar which include the industries, the residential societies, villages around, government and private Banks, the labours living in there, police station, food joints, fuel vendors, taxi vendors, food vendors, tempo vendors etc RESEARCH OBJECTIVE ITCs purpose was to have the detailed knowledge of IMT Manesar before shifting their corporate house there. It wanted to learn about the industries around its building in sector 5, for e.g. the business they deal in, number of labours working there, turnover of the company, their customers , attrition rate, satisfaction level ,absenteeism rate, conveyance facilities to the employees, working hours, area of the company, problems faced by them etc The company wanted to have a full knowledge of the residential area(sector 1) for e.g. the land rates, the price of 2,3,4 B.H.K. flats, number of developers coming up with residential projects. They also needed the details of the villages bordering Manesar. I was also asked to get the details of the government and private banks in Manesar where they could go in for a corporate salaried account. The behaviour of the labours was also required to be studied. The number of different food joints running there. Fuel vendors from where the company could get a supply of diesel. The company also wanted to fix a local taxi vendor to meet their daily taxi requirement. I was also required to visit the police station of that area. Key Research Areas (KRAs) The Key information areas (KRAs) to be covered under this project are:- The key research area in my project is the study of the whole of IMT Manesar The detailed study of the industries in sector 5 by meeting their HR or Admin. Managers. The residential society of IMT Manesar(sector 1) Government and private banks. Food joints Taxi vendors Govern departments like hospitals, police stations Research Methodology The methodology used for the project is more of a traditional way. I have to visit the various industries personally and have an interaction with the managers concerned, I ask them questions from the pre-set questionnaires, this will help me in knowing every in and out of the industries to a great extent. Talking about the government sector, there again I need to meet a senior level employee and ask them questions from the pre-set questionnaire. I have set questionnaire for every sector that I would be visiting i.e. for private sector employees (the HR managers), government sector (police officials, sarpanchs, govt. doctors, govt. banks, etc.). Questionnaire for property dealers, food joint managers, labour providers, transport unions etc Data Collection Method Means adapted Primary means The data collected during this project is mostly through primary means i.e. I personally met the concerned people whom I was supposed to meet. Secondary means Though not much of emphasis was paid on the secondary means of data collection, but it was through the internet that I got the details of the history of ITC and its lifestyle division. Questionnaires The most important means of primary data collection was through questionnaires. Limitation of the study Had to stick to primary data only as many of the companies there do not have their official website also The study was limited to Manesar There was no conveyance facility provided by the company or else I would have been able to cover a vast area COMPANY PROFILE HISTORY AND EVOLUTION ITC was incorporated on August 24, 1910 under the name Imperial Tobacco Company of India Limited. As the Companys ownership progressively Indianised, the name of the Company was changedfrom Imperial Tobacco Company of India Limited to India Tobacco Company Limited in 1970and then toI.T.C. Limited in 1974. In recognition of the Companys multi-business portfolio encompassing a wide range of businesses Cigarettes Tobacco, Hotels, Information Technology, Packaging, Paperboards Specialty Papers, Agri-business, Foods, Lifestyle Retailing, Education Stationery and Personal Care the full stops in the Companys name were removed effective September 18, 2001.The Company now stands rechristened ITC Limited. The Companys beginnings were humble. A leased office on Radha Bazar Lane, Kolkata, was the centre of the Companys existence. The Company celebrated its 16th birthday on August 24, 1926, by purchasing the plot of land situated at 37, Chowringhee, (now renamed J.L. Nehru Road) Kolkata, for the sum of Rs 310,000. This decision of the Company was historic in more ways than one. It was to mark the beginning of a long and eventful journey into Indias future. The Companys headquarter building, Virginia House, which came up on that plot of land two years later, would go on to become one of Kolkatas most venerated landmarks. Though the first six decades of the Companys existence were primarily devoted to the growth and consolidation of theCigarettes and Leaf Tobacco businesses, the Seventies witnessed the beginnings of a corporate transformation that would usher in momentous changes in the life of the Company. In 1975, The Company launched its hotel business. In 1979, ITC entered thePaperboards business. In 1985, ITC set up Surya Tobacco Co. in Nepal as an Indo-Nepal and British joint venture. In 1990, ITC acquired Tribeni Tissues Limited, a Specialty paper manufacturing company and a major supplier of tissue paper to the cigarette industry. Also in 1990, leveraging its agri-sourcing competency, ITC set up theAgri Business Divisionfor export of agri-commodities. The Division is today one of Indias largest exporters. In 2000, ITC forayed into the Greeting, Gifting and Stationery products business with the launch of Expressions range of greeting cards. A line of premium range of notebooks under brandPaperkraftwas launched in 2002. ITC also entered the Lifestyle Retailing business with theWills Sportrange of international quality relaxed wear for men and women in 2000. The Wills Lifestyle chain of exclusive stores later expanded its range to includeWills Classic formal wear(2002) andWills Clublife evening wear(2003). ITC also initiated a foray into the popular segment with its mens wear brand,John Players, in 2002. In 2006, Wills Lifestyle became title partner of the countrys most premier fashion event -Wills Lifestyle India Fashion Week Wills Lifestyle had a range of formals for men and a line of western wear for the working woman. Over the years, the company has added new lines of evening wear, sportswear, designer wear, fragrances and accessories. But the business, which comes under ITCs fast-moving consumer goods division (2008-09 turnover Rs 18,129 crore or Rs 181.29 billion, inclusive of taxes), is small ten years later. Atul Chand, chief executive of ITCs lifestyle retail business division, indicates that the turnover of Wills Lifestyle could be around Rs 200 crore (Rs 2 billion): We have 10 per cent of the premium apparel retail market which is around Rs 2,000 crore (Rs 20 billion) in size. Another Rs 150 to 200 crore comes from its value-for-money brand, John Players, which retails from 225 stores in the country. Chands division Wills Lifestyle plus John Players thus contributes a little over 2 per cent of ITCs FMCG business. All told, the branded apparel market in the country is worth Rs 10,000 crore (Rs 100 billion) per annum ITCs share is therefore not more than 4 per cent. ITCs Lifestyle Retailing Business Division has established a nationwide retailing presence through its Wills Lifestylechain of exclusive specialty stores.Wills Lifestyle, the fashion destination, offers a tempting choice ofWills Classicwork wear,Wills Sportrelaxed wear,Wills Clublifeevening wear, fashion accessories andEssenza Di Wills- an exclusive range of fine fragrances and bath body care products andFiama Di Wills- a range of premium shampoos and shower gels.Wills Lifestylehas also introducedWills Signaturedesigner wear, designed by the leading designers of the country. With a distinctive presence across segments at the premium end, ITC has also established John Players as a brand that offers a complete fashion wardrobe to the male youth of today ITCs Lifestyle Retailing Business has won numerous awards for its quality, marketing and product excellence: * LRBD has won severalImages Fashion Awardsover the years: 2009:Most admired Fashion Brand of the year Fashion Forward -Wills Lifestyle 2007:Most Admired Fashion Campaign -John Players 2005:Most Admired Shirt Brand of the Year -John Players 2004:Rising Star Brand of the Year -John Players 2003:Most Admired Exclusive Brand Retail Chain of the Year -Wills Lifestyle 2002:Most Admired Womens Wear Brand of the Year -Wills Sport 2001:The Most Admired Brand Launch of the Year -Wills Sport The Most Admired Exclusive Brand Retail Chain of the Year -Wills Lifestyle. * Retailer of the Year (Fashion and Lifestyle) Award at Reid Taylor Awards for Retail Excellence in 2011 * Best Retail Marketing Campaign of the YearAward at Reid Taylor Awards for Retail Excellence in 2011 * Award for Customer and Brand Loyaltyin Retail Sector category at the 4th Loyalty Summit, 2011 * Retailer of the Year Awardto Wills Lifestyle in Fashion Lifestyle category atAsia Retail Congress 2008. * Wills Lifestyle rated amongst thetop 5 Luxury brandsin the country in aGlobal Luxury Survey conducted byTIME Magazine. * Front runner Award 2007to Wills Lifestyle in the Retail category byReal Estate Observer Trammel Crow Meghraj. * Super brand 2006 awarded to Wills Lifestyleby the Super brands Council of India. * The Best Supply Chain Practices Award 2006for time-effective and cost-efficientLogistics management in Organized Retail. The awards were organized by Retailers Association of India (RAI) in association with ITW Signode the International leaders in packaging solutions. * The DivisionsProduct QualityTesting facilities were awarded the prestigious accreditation by theNational Accreditation Board of Laboratories of the Department of Science and Technology, GOI (affiliated to the International Laboratories Accreditation Cooperation Geneva) in 2006. This accreditation is awarded after rigorous procedures confirmed that LRBDs Testing facilities truly conform to international standards in terms of quality and technical competence. The Division also obtainedISO 9001:2000certification in the area of Receipt, Storage Distribution of Merchandise / Finished Goods byDet Norske Veritas, Netherlands. * NID Awards for Design ExcellenceforBest Packaging Design In The FMCG Category forJohn Players. * Award for Customer and Brand Loyaltyin Retail Sector category at the2nd Loyalty Summit. Members of the LRBD: A Chand Divisional Chief Executive Riaz Ahmed Member Secretary S Roy Member K Bose Member M Rastogi Member R Kaicker Member COMPETITIOR BRANDS OF WILLS LIFESTYLE: Van Heusen Market share:- 30% Louis PhilippeMarket share:- 15% Allen SollyMarket share:- 14.5% LevisMarket share:- 10% United Colors of BenettonMarket share:- 11% Color PlusMarket share:- 12% Competitor brands of WILLS CHAPTER- 2 Methodology Marketing Research Marketing Research Process Types of Marketing Research Advantages and Disadvantages Research Tool Adopted Marketing Research Marketing research is the function that links the consumer, customer, and public to the marketer through information information used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process. Marketing research specifies the information required to address these issues, designs the methods for collecting information, manages and implements the data collection process, XXXnalysed, and communicates the findings and their implications. Market researchandmarketing researchare often confused.Marketresearch is simply research into a specific market. It is a very narrow concept.Marketingresearch is much broader. It not only includes market research, but also areas such as research into new products, or modes of distribution such as via the Internet. Basic steps of Marketing Research Process 1. Problem Identification and Definition This is the introductory phase of the marketing research process. Basically, it involves a clear and precise understanding of the problem at hand. It is crucial that the research team identifies, understands and defines the problem in its entire capacity, as it affects all the subsequent activities involved in the research process. Research teams make use of customer feedback, internal and external data reports, sales graphs, purchasing patterns, etc, to come up with an accurate problem definition. 2. Designing a Proper Approach The next step is to come up with a near-flawless approach which is aimed at solving the identified problem. During this process, the research team/person has to XXXnalyse and examine a variety of factors such as the companys targets, goals and objectives, financial resources, skill sets, manpower, industry environment, changing business trends, etc. 3. Developing the Actual Research Design This is the decisive step of the marketing research process. The research design is the very fulcrum of the entire marketing research process. The solidity of the research design alone decides the success or failure of the research program to a large extent. Naturally, this step is the most time-consuming of all the steps and it needs careful thinking and precise execution. Different activities involved in this process include feedback analysis, qualitative and quantitative analysis, preparing questionnaires as well as sampling of data and processes. 4. Data Collection and Survey This process mainly involves a lot of field-related work activities such as outdoor interviews, survey campaigns and feedback sessions which are done by specially assigned data collection agents or field agents. Data collection and surveying is also implemented by means of Internet surveys, group discussions, and mail surveys. 5. Data Structuring and Analysis Once the data collection and surveying activities have yielded sufficient and relevant data, it is time to systematically organize the data so that it can be interpreted and XXXnalysed by decision makers. 6. Report Generation and Presentation All the effort that goes into designing an approach, developing a research design, collecting data and finally XXXnalysedXXX the data, completely goes waste, if the findings and the results are not presented properly. It is imperative that the whole marketing research project be properly documented and accounted for. The entire purpose of the research campaign is to enable the higher management to make informeddecisionswhich will benefit the progress and the sales of the concerned product or service. Hence, it is crucial that the research findings be presented accurately, clearly and relevantly. Types of Market Research There are two methods of conducting market research: primary research and secondary research. The choice of the method depends on the research objectives. 1) Primary Research In primary research, data is collected directly from the source. For example, if the objective of the research is to understand the demand of a particular product, then collecting feedback directly from the customer by talking to them is called primary research. Primary research involves the collection of crucial data via interviews,surveysor focus group sessions. Its time consuming and expensive. However, it is suited for gathering specific data. Primary research can be further categorized into the qualitative and the quantitative type. Quantitative Primary Research: This type of primary research involves the collection of numerical data via surveys. The most frequently used quantitative technique is the market research survey. The numerical or quantitative information obtained is then statistically XXXnalysed. Such surveys comprise of questionnaires with closed ended questions. In a close ended question, a respondent is needed to answer by ticking one of the options given. Qualitative Primary Research: This type of research involves gathering data via interviews or focus group sessions. In this type, open ended questions are included. This means the questions cannot be answered with a yes or a no. They include in-depth interviews, wherein a trained executive interviews one or more respondents. The interviewer may carry out the interview on a one to one basis, with two, triad or even 4-5 respondents. Such open ended interviews enable the researcher to receive data about the likes-dislikes, requirements, positive-negative feedback, trends and emotional motivators of the primary market. 2) Secondary Research In secondary research, the analysis of information that has been collected for some other purpose is carried out. This means, that secondary research is carried out by gathering data from sources such as government publications, libraries, internet, magazines, chambers of commerce, etc. The data required may be in the form of demographic or statistical data, set of articles or some studies. Advantages of marketing research It indicates opportunities for products and market development, a company can then decide on the production, sales and production plans after identifying the opportunities. It provides a basis for sound, market led decision making by providing information to reduce uncertainty. Marketing research enables an organization to match their products or services to the requirements of the consumers or market. Research enables advertising to be tested during a campaigns development or prior to launch to ensure its effectiveness, and after launch to measure the success of the media used. It also enables product ideas to be tested without expenses of lunching to the market; this can be a change in service, product or design. It also provides objective explanation for success and failure in the market. Disadvantages of marketing research:- Lack of cash: Financial constraints may limit the amount of research activity, leading to erroneous conclusion. Some times research activities are put on hold before they are completed due to lack of funds. Haste:-Many companies and firms attempt to do too much in such a little time, they end up taking shortcuts and some times use out of date secondary data which produces wrong results. Inappropriate methodology:-Research methods can be distorted by errors in project design, sampling techniques, lack of understanding by subject and interview bias. Inexperience in data analysis: Some mangers that are not experienced in analyzing and interpreting research data may only look for the information they want to see from the research data and hence neglect a whole lot of important data. Wrong information: Sometimes, some people due to different reasons can give wrong information to the interviewer which will produce wrong results. Seasonality:-There are some products which are only consumed by seasons, making a research about such products in a different season will produce wrong results. Research Tools Adopted Structured interviews A questionnaire was prepared for every department that was required to be covered, their feedback was recorded and then finally analysed. CHAPTER- 3 Research details About Manesar Industry visits Banks visited Police station visit Taxi vendor Food joints Residential societies Manesar? Manesar is situated at the northern edge ofAravalimountainranges. TheIMT Manesaris located at 28 22north latitudes and 76 57 east longitudes View of Aravalli Manesaris a fast growing industrial town inGurgaon districtof the State ofHaryanain India, and is a part of theNational Capital Region(NCR) ofDelhi.It has transformed from a sleepy village to one of the fastest growing townships in India. It is an upcoming area of NCR. Some of the developers have added a new tag toManesarcalling it as `New Gurgaon.Proximity to political nerve center -Delhihas also led the government to establish headquarters of some institutes of national importance here like theNational Security Guards(and its training center), National Bomb Data Centre and National Brain Research Centre. More than 100,000 people go to work in Manesar from adjoining places. The Gurgaon-Manesar Master Plan projects the population of 37, 00,000 by 2021.It has many factories, offices, hotels and educational institutes. There are several sightseeing spots around the area, some overlapping withGurgaon. Manesar is 32km from IGI Airport and has some of the best urban infrastructure in northern India. Located on NH 8, the area is well connected withDelhi,Jaipur,AhmadabadandMumbai; air connectivity is equally good. Villages in Manesar Fakarpur, Mokalwaas, Khardi, Baslambi, Pukharpur, Kukudurla, Fazilwaas, Sahrawan, Kaasan, Kukdurla, Khoo and Handladungarwaa, naharpur, Manesar gaon, kaakraolla gaon DEVELOPMENTS The sustained demand from the IT and IteS sector has resulted in Sector 8 of IMT, Manesar emerging as a Next Generation IT-IteS Destination Kundli-Manesar-Palwal Expressway The construction work for 135.6km long Delhi Western Peripheral Expressway, also known as theKundli-Manesar-Palwal Expressway, is going at full swing.Kundli-Manesar-Palwal (KMP) expressway was planned to become operational by June 2009 but may not be ready before 2011. Delhi will be relieved of the congestion of heavy night traffic. The expressway will act as a bypass for the night vehicles. The 135-km long Kundli-Manesar-Palwal (KMP) Expressway in Haryana, also known as the Western Peripheral Expressway, has been divided into three packages of 45km each. Three major camps at Kundli, Manesar and Palwal have been established, supported by three ancillary camps at Jassoure Kheri, Badli and Taoru.Four flyovers have been proposed at places where the expressway will cross national highways, namely, NH-1, NH-10, NH-8 and NH-57. Sixteen overpasses and underpasses at crossings on state highways and major district roads; seven overpasses, nine underpasses and 27 underpasses at crossings on village roads; and 33 agricultural vehicular underpasses, 31 cattle crossing passages, 61 pedestrian crossing passages, four railway over-bridges, 18 major and minor bridges, cross drainage works (culverts) at 292 locations, and two truck parking and four bus bays will also be constructed. Economy The reasons for Manesars popularity are not hard to find. It is located onAhirwalbelt on the mainJaipur-Delhihighway and is extremely well-connected to Delhi. Theinternational airportis just 32km away, whileConnaught Placeis 45km. It takes about an hour and a half to reach Connaught Place, Besides the location, the other attractive feature of Manesar is that it has the bestinfrastructureand is far ahead of other industrial townships in this respect. Any investor who comes to visit the site is impressed with the systems that have been put in place. Unlike other state corporations, which give the work of developing infrastructure to their own government bodies, we floated global tenders for everything. The best names in the industry bid for them and as a result what we have today is world class infrastructure. Sector-1 measuring about 250acres (1.0 km2) of land, located on the left hand side of National Highway -8 while travelling from Gurgaon towards Jaipur is ear -marked for industrial housing, which will cater to the requirements both for Executive Housing and Non-Executive Housing. The Non-Executive Housing is planned to be developed following the group housing norms. The complex has the residential facilities with convenience shopping, schools and health facilities along with other necessary social infrastructure. Manesar is indeed a city in the making. Ever since the HSIDC took over the project in June, 1997, work has been going on at a furious pace., The well-laid-out roads (minimum width: 15metres), sewerage treatment and disposal plant, state of the art power house and water supply systems with elegant production house buildings and landscaped gardens are not only a visual treat but also a reflection on the careful planning that has gone into crafting a township out of the nearly barren foothills of the Aravalli. We are undertaking a major exercise in making Manesar as green as possible. Over 40 different varieties of tree saplings have been selected for plantation here and most of the plantation work is near completion. It will truly be a green industrial estate, say HSIDC General Manager, Besides, he says, We have provided for a 50-metre-wide green belt on both sides of the national highway and it will act as the lungs of this industrial city HSIDC has acquired 1,736acres (7.03 km2) land at Manesar to set up the industrial Model Township. After taking over the possession of the land, HSIDC has allotted about 110acres (0.45 km2) land to vendors of MUL,Gurgaonand others in sector-3. The vendors are in the process of starting constructions of their industrial units. HSIDC has already started development of necessary physical infrastructure for these allotted a limited scale. About 1,750acres (7.1 km2) of land has been fully developed and allotment of sites has been done with a view to catering to a wide spectrum of target segments. There are separate zones having a distinct focus on various industry sectors such as high-technology units, high-precision units and non-polluting units. The plot mix has small and large sizes within each zone and they have been designed for mother units, ancillary units and sub-ancillary units Despite its primary function as an industrial township, the IMT is in the process of providing all city facilities. A nine-course golf course with a club house is near completion. A helipad will be located near it to facilitate quick transfer of top company executives. Besides other recreational facilities for the workforce are in the process of completion. The other unique aspect of Manesar is the simultaneous development of residential complexes for both executive and non-executive staff. The HSIDC acquired 250acres (1.0 km2) across the national highway and has allotted it to various units for building staff quarters there. The residential complex will be connected to the industrial sector via an overbridge to avoid congestion on the highway. The residential complex will have all the basic facilities of a mini city. Investors from Japan, France and UK have already set up about 450 industrial units at Manesar. INDUSTRY VISITS 1. Company Name Kumar Printers Pvt Ltd. 2. Person Contacted Mr Yogesh Kumar 3. Designation- H.R. Manager 4. MD of the Company- Mr Sandeep Bhargava 5. When was the company founded? Ans. 1964 6. Which business do you deal in? Ans. Printing and packaging 7. What is the annual turnover? Ans. Rs 50 crores per annum 8. Is it a manufacturing unit? YES NO 9. If yes then where is your corporate office? Plot no. 24, Sector 5, IMT Manesar, Gurgaon, Haryana 122050 Ph: +91-124-4366555, 4366556 Fax: 0124 2291096 Web: www. Kumarprinters.com 10. Do you have any other manufacturing units also? Ans. No 11. Who are your customers? Ans. : RANBAXY,GILLETE,MOSER BAER,LILLY,AMWAY,DURACELL,KHAITAN,RADICO,BEING GLOBAL,BOUSHLOMB,SAMSUNG ,etc 12. Is there a labour union? Ans. No 13. What is the number of labours in this unit? Ans. 400 (approx) 14. How many are: Skilled:50 Semiskilled:200 Unskilled150 15. Who are the labour power providers? Ans. Antram services, A.K. services, Neha associates 16. How many staffs are here in this unit? Ans. 49 17. where do you recruit your employees from? Ans. Don Bosco Delhi, naukri.com, references, consultants. (hires B.Tech in printing and packaging) Labours 10th grade 18. What are the conveyance facilities you provide to your staffs? Ans. Van provided to labours working in night shift, Cab to staff working in night shift 19. How do you tackle emergency situation? Ans. A separate team of 22 members to tackle emergency situations 20. Who are your taxi vendors? Ans. N.A. 21. where do you gather your raw materials from? Ans. ITC, NR PAPERS, etc 22. What are the working hours? Ans. 9a.m. to 5p.m. 23. What is the attrition rate of the labours? Ans. 15% per year 24. What is the absenteeism rate of the labours? Ans. 5% per year 25. What is the satisfaction level of the workers? Ans. 80% to 85% 26. What is the salary paid to the labours in your company? Ans. Wages provided according to minimum wages of Haryana govt. 27. Where are the labours mostly from? Ans. 35% Bihar, 30% U.P., 35% Rajasthan, Haryana, Delhi 28. Where do the labours generally put up? Ans. Villages around Manesar 29. Do you provide lunch to your workers? Ans. YES NO 30. If yes in 23 then at what rate? Ans. Lunch provide to labours at a subsidised rate of Rs20/plate 31. When is the mass leave period? Ans. Holi, Diwali 32. What are the problems in this area of IMT Manesar? Ans. 1. Transport problem after 10 pm 2. No nearby food joints 3. Not good for residential purpose as there is lot of electricity problem 4. Security is also a concern 5. Quiet unsafe at night, there have been instances of chain snatching, theft etc. 6. Area very unsafe for females after 8:30pm. Company Name Jyoti Apparel private limited 1. Person Contacted Mr S.F.Nariman 2. Designation- General Manager 3. MD of the Company- Mr H.K.L. Maghu 4. When was the company founded? Ans. 1995 5. Which business do you deal in? Ans. Manufactures readymade ladies garments 6. What is the annual turnover? Ans. : Rs250 crores 7. Is it a manufacturing unit? YES NO 8. If yes then where is your corporate office? Ans. Plot No. 10, Sector 5, IMT Manesar, Gurgaon, Haryana-122500 Ph: +91-124-4789600 9. Do you have any other manufacturing units also? Ans. In total 7 units of the company (6 in Delhi) 10. Who are your customers? Ans. NEXT, MONOTREE, URBAN OUTFITTER 11. Is there a labour union? Ans. NO 12. What is the number of labours in this unit? Ans. 350 (approx) 13. How many are: Skilled:150 (approx) Semiskilled:110 Unskilled75 14. Who are the labour power providers? Ans. N.A. 15. How many staffs are here in this unit? Ans. 20 16. where do you recruit your employees from? Ans Through references 17. What are the conveyance facilities you provide to your staffs? Ans. The plant has 4 vehicles of their own- (2 indica, 2 Tata 407) No conveyance to labours (use their own bicycle) 18. How do you tackle emergency situation? Ans. Health and safety department to tackle emergency situation 19. Who are your taxi vendors? Ans. Has conveyance of its own 20. where do you gather your raw materials from? Ans. Madura Garment 21. What are the working hours? Ans. 9am to 6pm 22. What is the attrition rate of the labours? Ans. 30% per year 23. What is the absenteeism rate of the labours? Ans. 10% per year 24. What is the satisfaction level of the workers? Ans. 70% to 75% per year 25. What is the salary paid to the labours in your company? Ans. Wages are provided as per minimum wage of Haryana govt. 26. Where are the labours mostly from? Ans. UP, BIHAR 27. Where do the labours generally put up? Ans. Labours put up in villages nearby IMT Manesar (KHO Gaon) 28. Do you provide lunch to your workers? Ans. YES NO 29. If yes in 23 then at what rate? Ans. 30. When is the mass leave period? Ans. Chhath pooja 31. What are the problems in this area of IMT Manesar? Ans. Frequent power cuts Not a good place for residence(exception sector 1) Labours have to move in groups when they get the salary i.e. on 1st,7th,20th,25th,27th of every month as there have been instances of people getting robbed Unsafe after 9pm Problem of conveyance after 10pm Very unsafe for ladies at night Too many wine shops around Police officials not co-operative Company Name Metzeler Automotive Profile System 1. Person Contacted Mr Manoj 2. Designation- HR Executive 3. MD of the Company- 4. When was the company founded? Ans. 5. Which business do you deal in? Ans. body work sealing systems and window guide systems 6. What is the annual turnover? Ans. $26 Million 7. Is it a manufacturing unit? YES NO 8. If yes then where is your corporate office? METZELER Plot No. 24A, Link Road Site IV, Sahibabad Industrial Area (UP), 201010. Contact: +91-120-4181710 9. Do you have any other manufacturing units also? Ans. Dharuhera (Plot no. 11,industrial area, Dharuhera, Rewari, Haryana) 10. Who are your customers? Ans. TOYOTA, TATA, MAHINDRAMAHINDRA, MARUTI SUZUKI, FIAT, HONDA etc 11. Is there a labour union? Ans. No 12. What is the number of labours in this unit? Ans. 650 to 700 13. How many are: Skilled:150 (approx) Semiskilled:300 Unskilled200 14. Who are the labour power providers? Ans. N.A. 15. How many staffs are here in this unit? Ans. 100 (approx) 16. where do you recruit your employees from? Ans. Naukri.com, references, consultants 17. What are the conveyance facilities you provide to your staffs? Ans. No transport facility Provided 18. How do you tackle emergency situation? Ans. have a medical officer, and security guards. 19. Who are your taxi vendors? Ans. N.A. 20. where do you gather your raw materials from? Ans. N.A. 21. What are the working hours? Ans. 9am to 6pm 22. What is the attrition rate of the labours? Ans. 20% 23. What is the absenteeism rate of the labours? Ans. 20% to 25% 24. What is the satisfaction level of the workers? Ans. 75% to 80% 25. What is the salary paid to the labours in your company? Ans. Wages paid according to minimum wages of Haryana govt. 26. Where are the labours mostly from? Ans. UP and BIHAR 27. Where do the labours generally put up? Ans. Khoh Gaon 28. Do you provide lunch to your workers? Ans. YES NO 29. If yes in 23 then at what rate? Ans. At a subsidised rate of Rs12/plate 30. When is the mass leave period? Ans. Chhath Pooja 31. What are the problems in this area of IMT Manesar? Ans. Not good for residence purpose SARITA HANDA 1. Company name Sarita Handa 2. Person Contacted Mr Dinesh Yadav 3. Designation- HR Head 4. MD of the Company- Mrs Sarita Handa 5. When was the company founded? Ans. 1993 6. Which business do you deal in? Ans. Home textiles 7. What is the annual turnover? Ans. Rs 80 crores per year 8. Is it a manufacturing unit? YES NO 9. If yes then where is your corporate office? Ans. 85, Udyog Vihar Phase I, Gurgaon, Haryana 122016 10. Do you have any other manufacturing units also? Ans. No 11. Who are your customers? Ans. MOTHER CARE, POTREYBARN, COLES, etc 12. Is there a labour union? Ans. No 13. What is the number of labours in this unit? Ans. 1000 14. How many are: Skilled:600 Semiskilled:200 Unskilled:200 15. Who are the labour power providers? Ans. None 16. How many staffs are here in this unit? Ans. 100 17. where do you recruit your employees from? Ans refrences only 18. What are the conveyance facilities you provide to your staffs? Ans. Buses for staffs (hired) 19. How do you tackle emergency situation? Ans. have security guards 20. Who are your taxi vendors? Ans. Hire vehicles for shipment from tempo union 21. where do you gather your raw materials from? Ans. Chennai, Nagpur ( fabrics ) 22. What are the working hours? Ans. 8:30am to 5pm 23. What is the attrition rate of the labours? Ans. 20% to 25% 24. What is the absenteeism rate of the labours? Ans. 20% 25. What is the satisfaction level of the workers? Ans. 70% 26. What is the salary paid to the labours in your company? Ans. Wage of labours as per minimum wages of Haryana govt. 27. Where are the labours mostly from? Ans. 28. Where do the labours generally put up? Ans. Labours put up in villages near Manesar (KHOH GAON) 29. Do you provide lunch to your workers? Ans. YES NO 30. If yes in 23 then at what rate? Ans. Rs 25/plate 31. When is the mass leave period? Ans. UP, BIHAR Chhath pooja Haryana, Rajasthan Diwali 32. What are the problems in this area of IMT Manesar? Ans. 1. Regular power cuts 2. Rare incidents of criminal activities by 3. Localaits 4. Not safe for ladies after 9pm Company Name Orient Craft 1. Person Contacted Mr Suresh Dang 2. Designation- Senior Executive 3. MD of the Company- Mr Sudhir Dhingra 4. When was the company founded? Ans. 1978 5. Which business do you deal in? Ans.A garment export house 6. What is the annual turnover? Ans. Rs 9360 million in 2010 it includes export turnover of Rs.9000 million and domestic turnover of Rs.360 million 7. Is it a manufacturing unit? YES NO 8. If yes then where is your corporate office? Ans. 7-D, MARUTI INDL. COMPLEX SECTOR-18, UDYOG VIHAR, GURGAON-122015. (HARYANA) INDIA TEL: +91-124-2342043 TO 47, 4090800 FAX: +91-124-2341110, 2342042, 4011552 9. Do you have any other manufacturing units also? Ans. In Khandsa 10. Who are your customers? Ans. GAP, LEVIS, BENETTON, DEBENHAMS, etc 11. Is there a labour union? Ans. No 12. What is the number of labours in this unit? Ans. 800 13. How many are: Skilled:320 Semiskilled:250 Unskilled200 14. Who are the labour power providers? Ans. M.R. Stitch well, K.S. enterprises, Rajesh Rai industries 15. How many staffs are here in this unit? Ans. 140 to 150 16. where do you recruit your employees from? Ans Recruitment of staff from the corporate office. 17. What are the conveyance facilities you provide to your staffs? Ans. Buses for labours (hired) Cabs for staffs (6 cabs of its own) 18. How do you tackle emergency situation? Ans. A 15 member safety team Safety officers Welfare officers 19. Who are your taxi vendors? Ans. Suraj travels 20. where do you gather your raw materials from? Ans. N.A. 21. What are the working hours? Ans. 9:30am to6:15pm 22. What is the attrition rate of the labours? Ans. 20% 23. What is the absenteeism rate of the labours? Ans. 10% to 15% (Rs. 200- Rs. 300 given as incentive for 100% attendance + Breakfast free for 1 day in a month) 24. What is the satisfaction level of the workers? Ans. 75% 25. What is the salary paid to the labours in your company? Ans. Wages provided according to minimum wages by Haryana govt. 26. Where are the labours mostly from? Ans. UP, BIHAR 27. Where do the labours generally put up? Ans. Labour put up in villages near Manesar (KHO Gaon). 28. Do you provide lunch to your workers? Ans. YES NO 29. If yes in 23 then at what rate? Ans. Rs. 20 per plate 30. When is the mass leave period? Ans. Chhath Pooja 31. What are the problems in this area of IMT Manesar? Ans. 1. Conveyance problem after 10pm 2. Not safe for females after 9pm 3. Electricity problem 4. Security a major concern 5. Scarcity of labour related to garment field Company Name Munjal Showa 1. Person Contacted Mr Ashish Yadav 2. Designation- Assistant Officer 3. MD of the Company- Mr Yogesh Munjal 4. When was the company founded? Ans. 1987 5. Which business do you deal in? Ans. Designs and manufacturers shock absorbers and struts for leading two-wheelers and four-wheelers. 6. What is the annual turnover? Ans. 865crores (2009-2010) 7. Is it a manufacturing unit? YES NO 8. If yes then where is your corporate office? Ans. Sector 18 gurgaon 9. Do you have any other manufacturing units also? Ans. NO 10. Who are your customers? Ans.Maruti Udyog Limited,Hero Honda Motors Limited,Hero Motors Ltd,Honda Motorcycles and Scooters India (Pvt) Limited,Honda-Siel Cars India Limited,.Kinetic Motor Co. Limited, Yamaha 11. Is there a labour union? Ans. NO 12. What is the number of labours in this unit? Ans. 1200 13. How many are: Skilled: 950 Semiskilled:100 Unskilled150 14. Who are the labour power providers? Ans. N.A. 15. How many staffs are here in this unit? Ans. 150 ( approx) 16. where do you recruit your employees from? Ans Recruitment is done from the corporate office in Gurgaon (sector 18) 17. What are the conveyance facilities you provide to your staffs? Ans. Buses cabs provided to staffs 18. How do you tackle emergency situation? Ans. A safety officer and a doctor available for 24 hrs. 19. Who are your taxi vendors? Ans. khushi, Shankar travels 20. where do you gather your raw materials from? Ans. 21. What are the working hours? Ans. Sunbeam, MM, Vicky plastic, OK auto, N.K.auto pvt ltd 22. What is the attrition rate of the labours? Ans. 10% to 15% 23. What is the absenteeism rate of the labours? Ans. 2% to 4% 24. What is the satisfaction level of the workers? Ans. 85%(recently conducted a survey) 25. What is the salary paid to the labours in your company? Ans. Salaries decided according to the skills of the workers 26. Where are the labours mostly from? Ans. U.P., Haryana, Rajasthan, Bihar, Delhi, etc.. 27. Where do the labours generally put up? Ans. Kaasan gaon 28. Do you provide lunch to your workers? Ans. YES NO 29. If yes in 23 then at what rate? Ans. Rs. 2 per plate 30. When is the mass leave period? Ans. Diwali 31. What are the problems in this area of IMT Manesar? Ans. 1 .Conveyance problem after 9:30pm 2. Not that safe for ladies 3. Electricity is bit of a concern(has sufficient back up) Company Name E.I.H. Printing Press 1. Person Contacted Narendra Singh Rathode 2. Designation- Assistant HR Manager 3. MD of the Company- 4. When was the company founded? Ans. 1976 5. Which business do you deal in? Ans.A printing Press 6. What is the annual turnover? Ans. 70 to 80 crores 7. Is it a manufacturing unit? YES NO 8. If yes then where is your corporate office? Ans. Plot no. 22, sector 5 Manesar 9. Do you have any other manufacturing units also? Ans. NO 10. Who are your customers? Ans. Airtel, HSBC, UBI, BANK OF AMERICA, PUNJAB NATIONAL BANK, Etc 11. Is there a labour union? Ans. No 12. What is the number of labours in this unit? Ans. 500 13. How many are: Skilled:200 Semiskilled:200 Unskilled100 14. Who are the labour power providers? Ans. N.A. 15. How many staffs are here in this unit? Ans. 40 to 50 16. where do you recruit your employees from? Ans Hires mainly through references 17. What are the conveyance facilities you provide to your staffs? Ans.Staff buses 18. How do you tackle emergency situation? Ans. Have a safety officer 24 hrs in the plant 19. Who are your taxi vendors? Ans. Durga travels 20. where do you gather your raw materials from? Ans. Century pulp and papers, ITC 21. What are the working hours? Ans. 9:30am to 6pm 22. What is the attrition rate of the labours? Ans. 2% to 3% 23. What is the absenteeism rate of the labours? Ans. 10% to 15% (approx) 24. What is the satisfaction level of the workers? Ans. 80% 25. What is the salary paid to the labours in your company? Ans. Minimum salary of Rs 6880 per month paid 26. Where are the labours mostly from? Ans. U.P., Rajasthan, Bihar 27. Where do the labours generally put up? Ans. Khoh Gaon 28. Do you provide lunch to your workers? Ans. YES NO 29. If yes in 23 then at what rate? Ans. Lunch at Rs 500 per month,+ teas and snacks 30. When is the mass leave period? Ans. Diwali 31. What are the problems in this area of IMT Manesar? Ans. 1. Not good safety wise 2. Electricity problem BANKS VISITED (KOTAK MAHINDRA) 1. What is your name? Ans. Vikas Benival 2. What is your designation? Ans. branch manager 3. What are the types of accounts available in your bank? Ans. current account, savings account 4. What is the rate of return in savings account? Ans. 3.5% 5. Is there a locker system? Ans. yes 6. How many service windows are there? Ans. 2 7. Is there a customer help desk? Ans. yes 8. What are the types of loans available? Ans. all 9. Is there any corporate discount on loans? Ans. 0.5% 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 3 Working days 11. Is there any housing finance scheme? Ans. No 12. Who are your corporate clients? Ans. Minda, ADI 13. What are the working hours? Ans. 10am to 4pm 14. What is the process of opening a corporate salaried account in your bank? Ans. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROFF (AXIS BANK) 1. What is your name? Ans. Ajay vashist 2. What is your designation? Ans. ASST. Vice President 3. What are the types of accounts available in your bank? Ans. Savings account, Current account 4. What is the rate of return in savings account? Ans. 3.5% 5. Is there a locker system? Ans. Yes 6. How many service windows are there? Ans. 3 7. Is there a customer help desk? Ans. Yes 8. What are the types of loans available? Ans. All 9. Is there any corporate discount on loans? Ans. No 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 3 Working days 11. Is there any housing finance scheme? Ans. No 12. Who are your corporate clients? Ans. Not disclosed 13. What are the working hours? Ans. 10am to 4pm 14. What is the process of opening a corporate salaried account in your bank? Ans. 1. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROFF 2. PROVIDES A GOLD DEBIT CARD TO CUSTOMERS HAVING SALARY OF MORE THAN 25K,AND DISCOUNTS ON LOAN. 3. SALARY REQUIRED TO OPEN A SALARIED ACCOUNT:Rs.10K(MIN.) (IDBI) 1. What is your name? Ans. Gaganjot Kaur 2. What is your designation? Ans. Branch head 3. What are the types of accounts available in your bank? Ans. Savings, Current 4. What is the rate of return in savings account? Ans. 3.5% 5. Is there a locker system? Ans. Yes 6. How many service windows are there? Ans. 3 7. Is there a customer help desk? Ans. Yes 8. What are the types of loans available? Ans. All 9. Is there any corporate discount on loans? Ans. no 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 5 working days 11. Is there any housing finance scheme? Ans. No 12. Who are your corporate clients? Ans. NHK Springs 13. What are the working hours? Ans. 9am to 6pm 14. What is the process of opening a corporate salaried account in your bank? Ans. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROFF MINIMUM BALANCE REQUIRED TO OPEN A SALARIED ACCOUNT:Rs0 (YES BANK) 1. What is your name? Ans. Bharti Grover 2. What is your designation? Ans. Branch Service Partner 3. What are the types of accounts available in your bank? Ans. Savings account, Current account 4. What is the rate of return in savings account? Ans. 3.5% 5. Is there a locker system? Ans. Yes 6. How many service windows are there? Ans. 3 7. Is there a customer help desk? Ans. Yes 8. What are the types of loans available? Ans. All 9. Is there any corporate discount on loans? Ans. No 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 4 11. Is there any housing finance scheme? Ans. No 12. Who are your corporate clients? Ans. Not disclosed 13. What are the working hours? Ans.9am to 6pm 14. What is the process of opening a corporate salaried account in your bank? Ans. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROFF (STATE BANK OF HYDERABAD) 1. What is your name? Ans. Pawan Kumar Mittal 2. What is your designation? Ans. Deputy Manager 3. What are the types of accounts available in your bank? Ans. Savings account, Current account 4. What is the rate of return in savings account? Ans. 3.5% 5. Is there a locker system? Ans. No 6. How many service windows are there? Ans. 2 7. Is there a customer help desk? Ans. Yes 8. What are the types of loans available? Ans. All 9. Is there any corporate discount on loans? Ans. No 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 10 11. Is there any housing finance scheme? Ans. No 12. Who are your corporate clients? Ans. Honda 13. What are the working hours? Ans. 10am to 4pm 14. What is the process of opening a corporate salaried account in your bank? Ans. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROOF (HDFC) 1. What is your name? Ans. Rajinder Duhan 2. What is your designation? Ans. Business Development Officer 3. What are the types of accounts available in your bank? Ans. Savings account, Current accounts 4. What is the rate of return in savings account? Ans. 3.5% 5. Is there a locker system? Ans. Yes 6. How many service windows are there? Ans. 3 7. Is there a customer help desk? Ans. Yes 8. What are the types of loans available? Ans. All 9. Is there any corporate discount on loans? Ans. No 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 5 working days 11. Is there any housing finance scheme? Ans. No 12. Who are your corporate clients? Ans. Not disclosed 13. What are the working hours? Ans. 9am to5pm 14. What is the process of opening a corporate salaried account in your bank? Ans. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROFF (STATA BANK OF PATIALA) 1. What is your name? Ans. O.P. Malhotra 2. What is your designation? Ans. Branch Manager 3. What are the types of accounts available in your bank? Ans. Savings account, Current account 4. What is the rate of return in savings account? Ans. 3.5% 5. Is there a locker system? Ans. No 6. How many service windows are there? Ans. 2 7. Is there a customer help desk? Ans. Yes 8. What are the types of loans available? Ans. All 9. Is there any corporate discount on loans? Ans. No 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 7 working days 11. Is there any housing finance scheme? Ans. No 12. Who are your corporate clients? Ans. None 13. What are the working hours? Ans. 10am to 4pm 14. What is the process of opening a corporate salaried account in your bank? Ans. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROOF VISIT TO THE POLICE STATION 1. Who is the S.H.O. of this police station? Ans. Mr Jitender Kumar 2. Since how long is he posted here Ans. 2 months 3. How many police officials are there in this police station? Ans. 96 4. Do you know about ITC coming in sector 5? Ans. No 5. How many P.C.R. vans and riders operate from your police station? Ans. 4 P.C.R, 6 Riders 6. Which P.C.R. van hast its duty in sector 5? Ans. P.C.R. No. 42 7. Who is the head constable here? Ans. Mr Tejvir Singh 8. How many sub inspectors are posted here? Ans. 2 9. What is the contact number of this police station? Ans. 0124- 2290100 10. Who is the D.C.P. of this area? Ans. Shri Pala Ram 11. Is there any influence of the local residents in this area? Ans. No 12. Is there any special cell for females, children, senior citizen? Ans. No 13. In which zone does this police station lie? Ans. South Zone 14. What is the verification procedure that immigrants are required to go through? Ans. The immigrants are required to submit there I.D. proof, Rent Agreement (copy) TAXI VENDOR VISITED 1. What is your name? Ans. K.P. Yadav 2. Since how long are you in this business? Ans. 5 Years 3. What type of cars do you provide? Ans. Hatch back 4. What are the charges? Ans. Depends according to the cars selected 5. Do you have any corporate clients? Ans. Metzeler 6. Is the service available for 24 hours? Ans. yes 7. What is your contact number? Ans. 9990801037 FOOD JOINTS VISITED (KHAJA CHOWK) 1. What is your name? Ans. Sunil Kumar Samant 2. What is your designation? Ans. Unit incharge 3. Since how long are you functional here? Ans. August 2010 4. Which cuisine do you specialize in? Ans. Indian Cuisine 5. Do you have the facility of door to door delivery? Ans. No 6. If yes then what are the delivery charges? Ans. 7. Do you provide corporate discount? Ans. Yes 35% 8. Do you organize indoor and outdoor parties? Ans. Yes (Caf coffee day) 9. What is your name? Ans. Prakash Kumar 10. What is your designation? Ans. Counter staff 11. Since how long are you functional here? Ans. August 2010 12. Which cuisine do you specialize in? Ans. Coffee,Shakes,Pastries 13. Do you have the facility of door to door delivery? Ans. Yes 14. If yes then what are the delivery charges? Ans. Minimum order of Rs 500 15. Do you provide corporate discount? Ans. No 16. Do you organize indoor and outdoor parties? Ans. No (Mc Donalds) 17. What is your name? Ans. Pradeep kumar 18. What is your designation? Ans. Restaurant Manager 19. Since how long are you functional here? Ans. February 2011 20. Which cuisine do you specialize in? Ans. Burgers 21. Do you have the facility of door to door delivery? Ans. Yes 22. If yes then what are the delivery charges? Ans. No delivery charges 23. Do you provide corporate discount? Ans. No 24. Do you organize indoor and outdoor parties? Ans. No RESIDENTIAL SOCIETIES VISITED HSIIDC FLATS (SOLD) CATEGORY A: 3 BHK +SERVANT AREA: 2200 Square Feet PRICE: Rs 75 Lacs RENT: Rs 35000 CAREGORY B: 3BHK+SERVANT ROOM AREA: 1800 Square feet PRICE: Rs 65 Lacs RENT: Rs 25000 CATEGORY C: 3 BHK AREA: 1520 Square Feet PRICE : Rs50 Lacs RENT: Rs18000 CATEGORY D: 2 BHK AREA: 1020 Square Feet Price: Rs38 Lacs RENT: Rs12000 (Company owned Societies) There are a number of societies which are being developed by companies for its own employees they are: 1. Denso 2. Minda 3. IMT BU 4. Maruti 5. Crew Bos 6. NHK Springs Private developers: (ABW Developers) ABW Group, ABW tower, IFFCO Chowk, Gurgaon, Haryana-122002. Ph: 0124-4970155/66 Email: [emailprotected]/* */ Web: www.abw.co.in ABW bought 250 acres of land for developing its housing societies, but out of these 250 acres they sold 35 acres to DLF and 12.5 acres to Anant raj builders. The rest area is with ABW itself and the work is scheduled to start from MAY 2011 In its plan the ABW has 3 housing options namely 1.UPVAN,2.SHIKHAR,3.AMBER UPVAN(194sq.yds) GROUND FLOOR: Rs30.75 LACS (2BHK+STUDY) FIRST FLOOR: Rs27.75 LACS (2BHK+STUDY) SECOND FLOOR: Rs23.75 LACS (2BHK) BOOKING AMOUNT : Rs.3 LACS SHIKHAR(240sq.yds) GROUND FLOOR: Rs.35.75 LACS (3BHK) FIRST FLOOR: Rs.31.75 LACS (3BHK) SECOND FLOOR: Rs.25..75 LACS(2BHK AMBER(287sq.yds) GROUND FLOOR: Rs.42.75 LACS (3BHK+STUDY) FIRST FLOOR: Rs. 38.75 LACS (3BHK+STUDY) SECOND FLOOR: Rs. 28.75 LACS (2BHK) ANANT RAJ: ANANT RAJ Builders has bought 12.5 acres of land from ABW group to build a housing society The excavation has started and the project is scheduled to be completed in2013 They are coming up with 2 BHK+STUDY, 3 BHK, 3 BHK+SERVAT ROOM, 4 BHK +SERVANT ROOM AREATYPECHARGES 1540Sqft 3 BHK 3400 PerSqft 1772Sqft 3BHK+STUDY 3310 persqft 2175Sqft 4BHK 3211 persqft 1) Preferential Location Charges Rs per Sqft Charges in Rs a) Floors 1st Floor 150 2nd Floor 125 3rd Floor 100 4th Floor 75 b) Landscape Facing/Green Facing 75 c) Corner Facing 75 d) PLC Private Lawn/Deck As applicable 2Club Membership 75000 3) Interest Free Maintenance Security 50 4) Car Parking a) Open 150000 b) Covered 250000 *1 Covered car parking mandatory with each unit 5) EDC IDC (As Applicable) 6) Other charges in terms of applicable form, as when applicable. INDEPENDENT HOUSES 2 BHK +LAWN +PARKING SPACE RENT: 13000 TO 15000 +ELECTRICITY BILL, WATER BILL 3 BHK RENT: 18000 TO 25000+ELECTRICITY AND WATER BILL LAND RATES VARY BETWEEN 40000 TO 45000 PER SQUARE METRE CHAPTER-4 Findings Recommendations Conclusion FINDINGS: 1. (Industry Visits) During my industry visits I got to know a lot about the behavior of the industrial area: a. IMT Manesar is growing at a very rapid rate with more than 1000 national and multi-national companies establishing their feet there b. The labours are mostly from U.P., Bihar c. The industrial area mainly contains manufacturing unit d. The wages provided to the labours are strictly according to rates set by the Haryana government. e. Talking about the garment industries the behavior of workers is slightly different from those of other industries, after comparing the attrition rate , satisfaction level, absenteeism rate following conclusions were drawn. These graphs clearly indicate that the labour in the garment industry is quiet unstable as compared to the others. 2. Banks visit: a. It was noted that most of the banks were new to that place b. Trying to attract customers by providing attractive corporate offers 3. Taxi vendor a. There are not many taxi vendors in the area b. Due to lesser number of corporate houses in Manesar this taxi business is not at a very rapid pace c. The companies like Honda and Maruti have their vendors fixed from Gurgaon itself 4. Food joints: a. There are not many food joints b. Only one family restaurant c. This sector would grow at a very rapid pace once the families start to live in the residential society (sector 1) 5. Residential society (sector 1) a. Still under construction stage b. There has been a shoot of 75% in the property rates in the area c. Will take around 1.5 years to complete d. A lot of builder like ABW, Anant Raj, DLF are coming up with their residential societies Recommendations: Looking at the labour behavior of the garment industries it is advisable that ITC arranges its skilled tailors from Gurgaon itself. Security of the employees working late should also be taken seriously. In order to open a corporate salaried account the company can opt for IDBI bank as theirs offers were quiet attractive. It is advisable that the company hires a local taxi vendor from Manesar as it will be quiet cheaper than hiring ataxi vendor from Gurgaon. There are lots of options available in the residential societies with lots of builders coming in, but the best idea would be to buy a plot and construct a society of the company itself. Conveyance facility for the employees is also very important and buses should be hired on permanent basis from Gurgaon itself as there are no bus travel agencies in anesar. Conclusion: The study conducted through the medium of structured Questionnaire has helped me to understand the behaviour of different market in Manesar i.e. the industrial market, the residential market, the banking sector, the fast food market etc On the basis of study conducted it is quite clear that in the coming years Manesar will be one of the biggest industrial hub of India. Chapter 5 Attachments References Attachments (questionnaires) Company visits: 1. Company Name 2. Person Contacted 3. Designation- 4. MD of the Company- 5. When was the company founded? Ans. 6. Which business do you deal in? Ans. 7. What is the annual turnover? Ans. 8. Is it a manufacturing unit? YES NO 9. If yes then where is your corporate office? Ans. 10. Do you have any other manufacturing units also? Ans. 11. Who are your customers? Ans. 12. Is there a labour union? Ans. 13. What is the number of labours in this unit? Ans. 14. How many are: Skilled: Semiskilled: Unskilled 15. Who are the labour power providers? Ans. 16. How many staffs are here in this unit? Ans. 17. where do you recruit your employees from? Ans 18. What are the conveyance facilities you provide to your staffs? Ans 19. How do you tackle emergency situation? Ans 20. Who are your taxi vendors? Ans. 21. where do you gather your raw materials from? Ans. 22. What are the working hours? Ans. 23. What is the attrition rate of the labours? Ans. 24. What is the absenteeism rate of the labours? Ans. 25. What is the satisfaction level of the workers? Ans. 26. What is the salary paid to the labours in your company? Ans. 27. Where are the labours mostly from? Ans. 28. Where do the labours generally put up? Ans. 29. Do you provide lunch to your workers? Ans. YES NO 30. If yes in 23 then at what rate? Ans. 31. When is the mass leave period? Ans. 32. What are the problems in this area of IMT Manesar? Ans. BANKS NAME OF TH BANK 1. What is your name? Ans. 2. What is your designation? Ans. 3. What are the types of accounts available in your bank? Ans. 4. What is the rate of return in savings account? Ans. 5. Is there a locker system? Ans. 6. How many service windows are there? Ans. 7. Is there a customer help desk? Ans. 8. What are the types of loans available? Ans. 9. Is there any corporate discount on loans? Ans. 10. Within how many days after opening the account is the debit card and cheque book delivered? Ans. 11. Is there any housing finance scheme? Ans. 12. Who are your corporate clients? Ans. 13. What are the working hours? Ans. 14. What is the process of opening a corporate salaried account in your bank? Ans. REQUIRES A REQUEST LETTER FROM THE HR DEPARTMENT, ALL THE EMPLOYEES NEED TO SUBMIT THERE ID PROOF AND RESIDENCE PROFF FOOD JOINTS Name 1. What is your name? Ans. 2. What is your designation? Ans. 3. Since how long are you functional here? Ans. 4. Which cuisine do you specialize in? Ans. 5. Do you have the facility of door to door delivery? Ans. 6. If yes then what are the delivery charges? Ans. 7. Do you provide corporate discount? Ans. 8. Do you organize indoor and outdoor parties? Ans. POLICE 1. Who is the S.H.O. of this police station? Ans. 2. Since how long is he posted here Ans. 3. How many police officials are there in this police station? Ans. 4. Do you know about ITC coming in sector 5? Ans. 5. How many P.C.R. vans and riders operate from your police station? Ans. 6. Which P.C.R. van hast its duty in sector 5? Ans. 7. Who is the head constable here? Ans. 8. How many sub inspectors are posted here? Ans. 9. What is the contact number of this police station? Ans. 10. Who is the D.C.P. of this area? Ans. 11. Is there any influence of the local residents in this area? Ans. 12. Is there any special cell for females, children, senior citizen? Ans. 13. In which zone does this police station lie? Ans. South Zone 14. What is the verification procedure that immigrants are required to go through? Ans. TAXI VENDOR 1. What is your name? Ans. 2. Since how long are you in this business? Ans. 3. What type of cars do you provide? Ans. 4. What are the charges? Ans. 5. Do you have any corporate clients? Ans. 6. Is the service available for 24 hours? Ans. 7. What is your contact number? Ans.