Summer Project Report By Pchhina

SCOPE OF ENTREPRENEURSHIP DEVELOPMENT IN INDIA and MSME ( micro small and medium entrepreneurship)

SCOPE OF ENTREPRENEURSHIP DEVELOPMENT IN INDIA

INTRODUCTION

ENTREPRENEURSHIP Entrepreneurship is neither science nor an

art . It is the practice.. Drucker

-Peter

Entrepreneurship is the practice of starting

new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities

WHY IT IS IMPORTANT???? Economic activity It concerned with the satisfying the needs of the customers and distribution of goods and services. INNOVATION innovative and creative activity introduce new things, with which the customer yet not familiar

New methods of production Opening new market Organization skills Utilization of talent employment

TOP COMPANIES IN INDIA Reliance Industries Limited

Reliance Industries Limited no. 1 company in INDIA founded by Dhirubhai

Amabani with an annual turnover of US$ 35.9 in 1966 Industry - Oil products

Products Petroleum and Petroleum Products Retail Stores Polymers Polyesters Chemicals Textile

Revenue

$35.9 billion (2008) Total assets US$ 43.61 billion Employees 100,000 (2007) The world's largest producer of Polyester Fibre and Yarn. 4th largest producer of Paraxylene (PX) and Purified Terepthalic Acid (PTA). 6th largest producer of Mono Ethylene Glycol (MEG). 7th largest producer of Polypropylene (PP).

Award andwasRecognisation Shri Mukesh Ambani awarded the Defence India Excellence Award 2007. The Award is a salute to those who have made the country proud. In 2007 Shri Mukesh Ambani was conferred the Outstanding Business Leader of the Year Award by CNBC TV18 in 2008 Petroleum Federation of India conferred the “Refinery of the Year Award - 2007” to Jamnagar Manufacturing Division The Plastics Export Promotion Council PLEXCOUNCIL Export Award” in the category of Plastic Polymers for the year 2006-2007 was awarded to Reliance being the largest exporter in this category.

Hazira Manufacturing Division was adjudged

“Excellent Energy Efficient Unit” at Energy Summit - 2007 by CII. “QUALTECH PRIZE 2007”, which recognizes extraordinary results in improvement and innovation, was won by Hazira Manufacturing Division for its Small Group Activity Project Hoshiarpur Manufacturing Division won the 2nd prize in “Six Sigma competition at National Level” organized by ISI and Quality Council of India (in manufacturing category),

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Founded in 1956 incorporated on June 23, 1993 i An Indian public sector petroleum company Industry- Petroleum and Gas Revenue Employees

US$ 24.032 billion (2008) 34,000

company ranked 335th in Fortune Global 500 ,  contributes 77% of India's crude oil

production and 81% of India's natural gas production

MILE STONE Columbia University-ISB joint survey finds

ONGC top Indian multinational by foreign assets April 20, 2009 ONGC advances to 152nd in Forbes Global 2000 metrics April 19, 2009 ONGC receives ‘Leading Oil & Gas Corporate of the Year’ Award in April 16, 2009 ONGC receives Dalal Street Investment Journal Award for Highest Profit among PSUs

INTERNATIONAL RANKINGS ONGC has been ranked at 198 by the Forbes

Magazine in their Forbes Global 2000 list for the year 2007 . ONGC has featured in the 2008 list of Fortune Global 500 companies at position 335, a climb of 34 positions from rank of 369 in 2007. ONGC is ranked as Asia’s best Oil & Gas company, as per a recent survey conducted by US-based magazine ‘Global Finance

SBI

Founded in 1806 as Bank of Calcutta. Industry Banking Insurance Capital Markets

Products Loans, Credit Cards, Savings, Investment

vehicles, SBI Life (Insurance) etc. Revenue  US$ 11.95 billion (2008) Total assets US$ 127 billion

ASSOCIATE BANKS State Bank of Indore, State Bank of Bikaner &

Jaipur, State Bank of Hyderabad State Bank of Mysore, State Bank of Patiala, State Bank of Travancore Group companies SBI Capital Markets Ltd SBI Mutual Fund (A Trust) SBI Factors and Commercial Services Ltd SBI DFHI Ltd SBI Cards and Payment Services Pvt Ltd SBI Life Insurance Co. Ltd - Bancassurance (Life Insurance) SBI Funds Management Pvt Ltd SBI Canada

Indian Oil

• a public sector Indian Petroleum company •Founded in 1959 as Indian Oil Company Ltd •47% share in the petroleum products market, • 40% share in refining capacity and 67% downstream sector pipelines capacity in India

PRODUCTS petrol, diesel, LPG, auto LPG, aviation turbine fuel, lubricants, naphtha, bitumen, paraffin, kerosene etc. Xtra Premium branded petrol, Xtra Mile high speed diesel, Servo lubricants, Indane LPG, Autogas LPG

REFINERIES Digboi Refinery, in Upper Assam, is India's

oldest refinery and was commissioned in 1901. Guwahati Refinery, the first public sector refinery of the country, was built with Romanian collaboration and was inaugurated by Late Pt. Jawaharlal Nehru, the first Prime Minister of India, on 1 January 1962. Barauni Refinery, in Bihar, was built in collaboration with Russia and Romania. It was commissioned in 1964 with a capacity of 1 MMTPA. Its capacity today is 6 MMTPA.

 Gujarat Refinery, at Koyali in Gujarat in Western India, is IndianOil’s

largest refinery. The refinery was commissioned in 1965. It also houses the first hydrocracking unit of the country. Its present capacity is 13.70 MMTPA.  Haldia Refinery is the only coastal refinery of the Corporation, situated 136 km downstream of Kolkata in the Purba Medinipur (East Midnapore) district. It was commissioned in 1975 with a capacity of 2.5 MMTPA, which has since been increased to 5.8 MMTPA  Mathura Refinery was commAissioned in 1982 as the sixth refinery in the fold of IndianOil and with an original capacity of 6.0 MMTPA. Located strategically between the historic cities of Delhi and Agra, the capacity of Mathura refinery was increased to 7.5 MMTPA.  Panipat Refinery is the seventh refinery of Indian Oil. The original refinery with 6 MMTPA capacity was built and commissioned in 1998. Panipat Refinery has doubled its refining capacity from 6 MMT/yr to 12 MMTPA with the commissioning of its Expansion Project

GROUP COMPANIES AND JOINT VENTURES IndianOil (Mauritius) Ltd. Lanka IOC PLC - Group company for Sri Lanka

retail and storage operations which is listed on Colombo's stock exchange. It was locked into a bitter subsidy payment dispute with Sri Lanka's Government which has since been resolved. IOC Middle East FZE Chennai Petroleum Corporation Ltd. Bongaigoan Refinery and Petrochemicals Ltd.

Green Gas Ltd. - joint venture with Gas

Authority of India for city-wide gas distribution networks. Indo Cat Pvt. Ltd., with Intercat, USA, for manufacturing 15,000 tonnes per annum of FCC (fluidised catalytic cracking) catalysts & additives in India, for catering to rising global demand. Numerous exploration and production ventures with Oil India Ltd., Oil and Natural Gas Corporation

INTERNATIONAL RANKING the 116th position (2008) in Fortune Global

500 listing, based on 2007 performance. 18th largest petroleum company in the world the number one petroleum trading company

among the National Oil Companies in the AsiaPacific region.

AWARDS

 IndianOil wins Retailer of the Year - 'Rural Impact Award'  17.02.2009  IndianOil Conferred BML Munjal Award 2009 for Excellence in Learning

& Development  14.02.2009  Golden Peacock Award for IndianOil-R&D for the fourth time  02.01.2009  IndianOil wins six awards at PRSI annual meet  16.12.2008  IndianOil wins SCOPE Meritorious Awards for Environmental Excellence & Sustainable Development and Good Corporate Governance  24.11.2008  IndianOil presented the 'Indian Express Uptime Champion Award'  08.10.2008

FOUNDED in 1955 as Industrial Credit and Investment

Corporation of India. INDUSTRY Banking Insurance Capital Markets

PRODUCTS Loans, Credit Cards, Savings, Investment

vehicles, Insurance etc.

REVENUE

USD 5.79 billion TOTAL ASSETS  Rs. 3,997.95 billion (US$ 100 billion) at March 31, 2008. LARGEST PRIVATE BANK IN INDIA

SMALL SCALE INDUSTRIES

ROLE OF SSI IN INDIAN ECONOMY . SSI accounted 40% of the value added by the whole

manufacturing sector, 80% of the employment. SSI also contributed to the extent of 42 % with regards to

exports.

DEFINITIONS

AWARD TO SMAAL SCALE INDUSTRY

SMALL SCALE INDUSTRIES NATIONAL AWARD 2000                                       

Name and Address of the Enterprise AWARD YEAR PRODUCT Sh. Umesh Martandrao Dashrathi M/s Rohit Industries A 3 MIDC, Near Railway Station, Aurangabad-431005. (MAHARASHTRA) FIRST AWARD 2000 Chassis assemblies & other components for CNG, LPG driven three- wheelers and Goods cariers. Sh. Prashant R GandhiM/s. Samruddhi Engineering, Survey No. 767/3 Village Vadsar,Tal- Kolal,Distt. Gandhinagar.(GUJARAT) SECOND AWARD 2000 Aluminium and Steel Cops used in DT Machines, TFO Machines for synthetic yarn winding. Sh. Vinodhbhai Ambalal Soni, M/s. Hi- Tech Elastomers Limited 2 Chirag Apartments, Behind Govt.Polytechnic, Gulbai Tekra, Ambawadi, Ahmedabad-380015. (GUJARAT) THIRD AWARD 2000 Pneumetic Rubber Fenders, Rubber Buoys for use in marine purposes. Smt. Supriya Roy M/s.The Sugar & Spice, 1/2 HarishMukherjee Road, Kolkata- 700020. (WEST BENGAL) SPECIAL AWARD (WOMEN ENTREPRENEUR) 2000 Bakery and Fast Food items Smt. Savitaben Devjibhai Paramar M/s Sterling Ceramics Pvt.Limited, Kolal-Mehsana Highway, Nandasan (NG), Tal-Kadi. Distt. Mehsana(GUJARAT) SPECIAL AWARD (SC/ST ENTREPRENEUR) 2000 Glazed Wall Tiles. Shri Blaise Lawrence Costabir, M/s Zarhak Moulders Pvt. Limited, Verna Electronic City Verna GOA Shri Blaise Lawrence Costabir,   M/s Zarhak Moulders Pvt. Limited, Verna Electronic City Verna GOA 2000 Water Storage Tanks. Shri Gurmeet Singh Bhatia M/s A.G.K. Computers Secure Prints Ltd., AGK Complex, D-118, Industrial Area, Phase-VII SAS Nagar Ropar-160055. (PUNJAB) SPECIAL RECOGNITION AWARD 2000 Carbonless Computer stationery and Peripherals.

SCHEMES FOR AWARDS 2008

ELIGIBILITY Awards are provided to the deserving

entrepreneurs managing micro , small and medium . Enterprises must have permanent registration .

CRITERIA

NLSC ( national level selection committee)

PRIVILAGES The award winner will have the privileges of allowing their

employees to wear labels, pins, ties or other distinctive badges with the symbol indicating the award . . They may use the award symbol on their letter heads

BPO

DEFINITION Business process outsourcing (BPO) is a

form of outsourcing that involves the contracting of the operations and responsibilities of a specific business functions (or processes) to a third-party service provider

Industry size/ Growth India has revenues of 10.9 billion USD from

offshore BPO and 30 billion USD from IT and total BPO (expected in FY 2008). India thus has some 5-6% share of the total BPO Industry, but a commanding 63% share of the offshore component. This 63% is a drop from the 70% offshore share that India enjoyed last year, despite the industry growing 38% in India last year

TOP INDIAN BPO exporters for 2006-2007 according to

NASSCOM are :Genpact,  WNS Global Services,  Transworks Information Services,  IBM Daksh,  TCS, HCL, WIPRO, And Dell BPO.

MSME

The Micro, Small and Medium Enterprises (MSME)

sector has been recognised as engine of growth all over the world. In India to develop SSI the act named as MSME development Act, 2006, Founded in 2nd oct 2006

CONTRIBUTION OF SSI  The Small Scale Industry Sector has emerged

as India's engine of growth in the New Millennium. By the end of March 2007, the SSI sector accounted for nearly 45 per cent of gross value of output in the manufacturing sector and 42 per cent of total exports from the country.

NORMS OF MSME SMALL SCALE SECTOR The investment limit for the Tiny Sector will

continue to be Rs. 25 lakhs.  The investment limit for the SSI sector will continue to be at Rs. 1 crore. The Ministry of SSI will bring out a specific list of hi-tech and export oriented industries which would require the investment limit to be raised upto Rs. 5 crores to admit of suitable technology upgradation and to enable them to maintain their competitive edge.

INCREASE COMPITITION To improve the competitiveness of Small

Scale Sector, the exemption for excise duty limit raised from Rs. 50 lakhs to Rs. 1 crore.

TECHNOLOGICAL SUPPORT AND QUALITY IMPROVEMENT

To encourage Total Quality Management, the Scheme of

granting Rs.75,000/- to each unit for opting ISO-9000 Certification.. Commercial Banks are being requested to develop Schemes to encourage investment in technology upgradation.I

EXIM POLICY 2002-07 SERVICE EXPORTS

Duty free import facility for service sector having a minimum foreign exchange earning of Rs.10 lakhs. Financial help  Provide high priority for the award recognigition

OTHER FOCUSES OF MSME SKILLS DEVELOPMENT PROGRAMMES TECHNOLOGY UPGRADTION LOANS FACILITIES EXPORT NATIONAL MANUFACTURING COMPETITION

PROGRAMES. 

OPTIMISTIC RESULTS OF MSME