Professional Documents
Culture Documents
INTRODUCTION TO THE
COMPANY PROFILE
COMPANY PROFILE
Rana Industries in the Millerganj, Ludhiana is a leading player in the garment hanger,
plastic hanger and steel hanger business in the Ludhiana, Punjab. This famous brand is a
one-stop solution for its customer's needs in both the cases of local customers and other
parts of India. Over a while, this business became a well-known brand in its industry.
Customer satisfaction is equally important as product quality and better service, this helps
the company to build a huge customer base and continue to grow day by day. The
employee involved in the Rana Industries is dedicated to their roles and responsibility and
work hard to achieve the company's mission and vision. The future goal of the Rana
Industries is to expand its business and reach a vast customer base in India level. In the
Ludhiana, this brand place a prominent location.
Rana Industries in Dhandari Kalan, Ludhiana is known for satisfying its customers on
demand. The Rana Industries is one of the prominent businesses in the garment hanger
business. Rana Industries in Millerganj, Ludhiana is known to satisfactorily cater to the
demands of its customer base. The business came into existence in 2000 and has, since
then, been a known name in its field. It stands located at 345/1 Nanak Puri, Near Dera
Kalsian, St No 6, Millerganj-141003. Near Dera Kalsian is a prominent landmark in the
area and this establishment is in close proximity to the same. The business strives to make
for a positive experience through its offerings. The accepted modes of payment such as
Cash make every business transaction easy and seamless, contributing to making the entire
process even more effective. Customer centricity is at the core of Rana Industries in
Millerganj, Ludhiana and it is this belief that has led the business to build long-term
relationships. Ensuring a positive customer experience, making available goods and/or
services that are of top-notch quality is given prime importance. Rana Industries business
has a wide range of product offerings and the product/catalogue list includes Garment
Hanger, Hanger etc.
1.3 BRANDS
MAK
1.4 VISION
Vision of this company is to develop, design and manufacture hangers with best quality at
lowest price. Develop new trendy designs with innovations and standard. Design which
enrich client lifestyle and presenting new products with new ideas and best quality.
1.5 MISSION
Rana Industries certify accurate service, best price and high quality hangers with different
style and look as per client requirements. The company also supplied different type of
designs with color combinations with branding logos, hooks and clips.
1.6 INFRASTRUCTURE
The company has a team of highly skilled craftsman equipped with necessary equipments
and tools to satisfy the most discriminating tastes, all created with the procedures that
assures great style brilliance and quality. Equipped with highly sophisticated and state-of-
art machinery, our endeavor is to achieve total customer satisfaction. The organization is
continuously upgrading its systems and emphasizing on each customer’s complete
satisfaction with quality, prices and services. The organization is producing 6 to 8 lac pcs. a
month and has the caliber to produce more .
1.7 QUALITY ASSURANCE
We focus in maintaining the superior quality and uniqueness of our products, keep our
prices reasonable and deliver them on schedule.we are continuously seeking ways to revive
the traditional crafts and develop new designs and teniques. The organization endeavor to
satisfy the diverse and specialized requirements of its satisfied buyers. We perform quality
checks and material inspection at different stages of production process. Stringent quality
control measures ensure best product quality and enable the company to deliver orders with
zero defects.
This machine is the first machine to make hangers and has a simple structure. Although it
does not have much technical content, it is also an indispensable part of the hanger
production line.
Sigmund Freud is considered to be the father figure of Psycho analysis. His prescription for
a healthy person is a combination of “Lieben und Arbeiten” that is Love and Work.
In present working environment the workers are looking for quality of life as a superior
human endeavor. Such endeavor calls for a trade off between work life and family life.
Today an employee desires work to be more meaningful and challenging because quality is
the acid test. A Quality of work life gives an opportunity for deep sense of fulfillment.
Employees seek a supportive work environment that will enable them to balance work with
personal interests. Such balance contributes to superior human existence in ample measure.
Quality of work life provides a more humanized work environment. It attempts to serve the
higher order needs of workers as well as their basic needs. Quality of Work Life indicates
that the work should not have excessively negative conditions. It should not put workers
under undue stress. It should not damage or degrade their humanness. It should not be
threatening or unduly dangerous. Finally it should contribute to, or at least leave un paired,
workers abilities to perform in other life roles. Such as citizen, spouse and parent. That is
work should contribute to general social advancement.
Employees in several companies that instituted Quality of work life experienced better
health and greater safety on the job. Other benefits included improved employee
satisfaction, morale, job interest, commitment and involvement ; increased opportunity for
individual growth ; greater sense of ownership and control of the work environment
development of managerial ability for circle leaders, improved communication in the
organization and greater understanding and respect between management and workers.
The term Quality of work life has been applied to a wide variety of organizational
improvement efforts. The common elements seem to be,has good man indicates, an
“attempt to restructure multiple dimensions of the organizational and to institute a
mechanism which introduces and sustains changes overtime . Aspects of the change
mechanism are usually an increase in problem solving between the union and management
Responsiveness to employee concerns. In every organization, people and their behaviour
assumes vital role in determining the performance and effectiveness .while many studies
concentrated on physical and financial performance of organization. Studies on behavioural
aspects seems to be inadequate. So, the attempts must to understand the human side of the
enterprise.
The Quality of work life movement provides a value frame work and a philosophy which
has a long term implication for the human development and enrichment. It tries to balance
both the work and family life. Hence integrated approach with regard to Quality of work
life is required for the success of an individual and an organization. This underlines the
necessity of searching studies on the nature of human relations and the problems of human
relations and the problems of human behaviour in the organization and suggest measures to
cope with the problems. Hence, an in depth on aspects like Quality of work life can throw
light on many non-identified aspects of human behaviour which may help in understanding
the issues involved and improving the overall performance of these organizations. There it
is found that there is need to study in greater detail about the topic.
2.2 NEED AND IMPORTANCE OF QUALITY OF WORK LIFE
Quality of work life includes the following features:
Voluntary involvement on the part of employees.
Assurance of no loss of jobs as a result of the programs
Training of employees in team problem solving.
The use of Quality circles where employees discuss problems affecting the performance of
the work and job environment.
Encouragement of skill development.
Skill training
Responsiveness to employee concerns.
HERRICK AND MACCOBY (1975) have identified four basic principles which
Summaries humanization of work.
These principles are
1. The principle of security:-
Humanization of work implies freedom from anxiety, fear and the loss of future
employment. The working conditions should be safe and there should be no fear of
economic want. These pre-conditions will guarantee at most development of skills and
ideas.
2. The principle of Quality:-
The equity principle requires that there is a just way of revaluating the conditions of an
employee. Another aspect of quality refers to paying for knowledge and skills to carry out
the task. If work has to be humanized equity would also require sharing in the profits of the
organization according to the individual or group contribution.
JOB SATISFACTION
The attitude of an individual is his general back ground by feeling against which he views
many factual events, men and things. A ‘specific subset’ of this general back ground
feeling against which the individual appraises the various dimensions of his job is called
job satisfaction. Some dimensions are nature of work ,supervisor, pay, promotion and co-
workers.
There are Three major theories of job satisfaction
a) Hertzberg’s motivation:- hygiene theory
b) Need –fulfillment theory and
c) Social reference-group theory
In summary the three theories respectively tell us that:-
Job satisfaction is a function of or is positively related to the degree to which one’s
personnel needs fulfilled in the job satisfaction; and
Job satisfaction is a function or is positively related to the degree which the characteristics
of the job meet with approval and the desires of the group to which the individual looks for
guidance in evaluating the world and defining social reality.
AUTONOMOUS WORK TEAMS
An autonomous work team is one which can plan, regulate and control its own work world.
The management only specifies the goals that too in collaboration with the team. The team
organizes the contents and structure of its job, evaluates its own performance, establishes
its speed and chooses its production method. It makes its own internal distribution of tasks
and decides its own membership. Autonomous team approach increases satisfaction and
reduces turnover and absenteeism.
CHAPTER – 3
NEED, OBJECTIVES
AND
SCOPE OF THE STUDY
3.1 NEED OF THE STUDY
In the current scenario every organization expects their employees to perform at their peak
potential. Though monetary aspects play an important role in motivating employees,
organization around the world have come to understand that there are many other aspects
that contributes better employee performance. It is these aspects that form the basis for this
study. In particular this study aims to identify the various tangible and intangible aspects
that contribute to the quality of the workplace. It is very important for an organization to
create a very conducive working environment for employees. This study is needed to
ensure that all employees are performing at their peak potential, free from stress and strain,
and to ensure all their needs are fully satisfied. This study will be used as feedback from
employees to know their current perspective of workplace and also to identify the areas of
improvement for the organization.
CHART-1
JOB ENVIRONMENT AND WORKING CONDITION
Poor; 4%
Average; 10%
Very Good,
52% Very Good
Good
Average
Poor
Very Poor
Good; 34%
INTERPRETATION
The above graph reveals that 52% of the employees feel that job environment and working
conditions are very good (i.e. they are absolutely satisfied). 34% of the employees feel that
job environment and working conditions are good (i.e. they are satisfied).10% of the
employees feel that job environment and working conditions are average(i.e they are
partially satisfied). 4%( i.e none of the employees feel job environment and working
conditions are poor).
2. PERCEPTION ABOUT THE GROWTH AND SECURITY OPPORTUNITIES
CHART-2
Good; 20%
INTERPRETATION
The above graph reveals that50% of the employees feel that the growth and security
opportunities are very good that is they are absolutely satisfied.20% of the employees feel
that the growth and security opportunities are Good that is they are satisfied.30% of the
employees feel that the growth and security opportunities are Average that is they are
partially satisfied. 6% of the employees feel that the growth and security opportunities are
very poor.
3. OPINION ABOUT THE CAREER-PLANNING PROGRAM IN THE
ORGANIZATION
CHART-3
Poor; 4%
Very Good; 26%
Average; 14% Very Good
Good
Average
Poor
Very Poor
Good; 52%
INTERPRETATION
The above graph reveals that 26% of the employees feel that the growth and security
opportunities are very good that is they are absolutely satisfied. 52% of the employees feel
that the growth and security opportunities are Good that is they are satisfied. 14% of the
employees feel that the growth and security opportunities are Average that is they are
partially satisfied. 4% of the employees feel that the growth and security opportunities are
Poor and Very Poor for each respectively that is they are dissatisfied or absolutely
dissatisfied.
4. PERCEPTION ABOUT THE PAY STRUCTURE IN THE ORGANIZATION
CHART-4
Very Poor; 6%
Good; 20%
INTERPRETATION
The above graph reveals that 46% of the employees feel that the growth and security
opportunities are very good that is they are absolutely satisfied.20% of the employees feel
that the growth and security opportunities are Good that is they are satisfied.30% of the
employees feel that the growth and security opportunities are Average that is they are
partially satisfied. 6% i.e none of the employees feel that the growth and security
opportunities are very poor.
5. OPINION ABOUT THE PROMOTION SYSTEM IN THE ORGANIZATION
CHART-5
INTERPRETATION
The above graph reveals that 14% of the employees feel that the growth and security
opportunities are very good that is they are absolutely satisfied. 46% of the employees feel
that the growth and security opportunities are Good that is they are satisfied.20% of the
employees feel that the growth and security opportunities areAverage that is they are
partially satisfied. 10% of the employees feel that the growth and security opportunities are
Poor and Very Poor respectively.
6. ABLE TO LEARN AND ACQUIRE NEW SKILLS IN THE ORGANZATION
CHART-6
Good; 30%
INTERPRETATION
The above graph reveals that 42% of the employees feel that the growth and security
opportunities are Very good that is they are absolutely satisfied.30% of the employees feel
that the growth and security opportunities are Good that is they are satisfied.20% of the
employees feel that the growth and security opportunities are Average that is they are
partially satisfied. 8% of the employees feel that the growth and security opportunities are
Very Poor.
7. STEPS TAKEN FOR JOB ENRICHMENT FOR EMPLOYEES
CHART-7
Deliberate upgrading of
responsibility
INTERPRETATION
The above graph reveals that 20% of the employees feel that Job Enrichment will lead to
deliberate upgrading of responsibility. 28% of the employees feel that Job enrichment will
widen the scope of activities.40% of the employees feel that Job Enrichment will set
challenges in work.12% of the employees feel that Job Enrichment will give exposure to
variety of jobs.
8. PURPOSE OF JOB DESIGN AND GOAL SETTING IN THE ORGANIZATION
CHART-8
INTERPRETATION
The above graph reveals that14% of the employees feel that Job Design and Goal setting
will facilitate work flow. 36% of the employees feel that Job Design and Goal setting will
lead to effective co-ordination and integration.10% of the employees feel that Job Design
and Goal setting will lead to positive impact on employee satisfaction.40% ofthe
employees feel that all the above three factors are important for Job Design and Goal
setting.
9. PERCEPTION ABOUT INTEGRATION OF JOB, CAREER, FAMILY LIFE AND
LEISURE TIME
CHART-9
Good; 46%
INTERPRETATION
The above graph reveals that40% of the employees feel that the integration of job, career,
family life and leisure time are very good that is they are absolutely satisfied.50% of the
employees feel that the integration of job, career, family life and leisure time are good that
is they are satisfied.10% of the employees feel that the integration of job, career, family
life and leisure time are average that is they are partially satisfied. 8% of the employees feel
that the integration of job, career, family life and leisure time are poor.
10. OPINION ABOUT THE LEAVES PROVIDED BY THE ORGANIZATION
CHART-10
LEAVES PROVIDED BY THE ORGANIZATION
Very Poor; 6%
Very Good; 20%
Poor; 8%
Very Good
Good
Average; 10%
Average
Poor
Very Poor
Good; 56%
INTERPRETATION
The above graph reveals that20% of the employees feel that the leaves provided by the
organization are very good that is they are absolutely satisfied.56% of the employees feel
that the leaves provided by the organization are good that is they are satisfied.10% of the
employees feel that the leaves provided by the organization are average that is they are
partially satisfied. 8% of the employees feel that the leaves provided by the organization
are poor. 6% of the employees feel that the leaves provided by the organization are very
poor.
11. LEAVE TRAVEL CONCESSION THAT IS PROVIDED BY THE
ORGANIZATION
CHART-11
LEAVE TRAVEL CONCESSION THAT IS PROVIDED BY
THE ORGANIZATION
Very Poor; 8%
Very Good; 28%
Poor; 20% Very Good
Good
Average
Poor
Very Poor
Average; 4%
Good; 40%
INTERPRETATION
The above graph reveals that28% of the employees feel that the leave travel concession
provided by the organization are excellent that is they are absolutely satisfied.40% of the
employees feel that the leave travel concession provided by the organization are good that
is they are satisfied.4% of the employees feel that the leave travel concession provided by
the organization are average that is they are partially satisfied.20% of employees feel that
the leave travel concession provided by the organization are poor. 8% of employees feel
that the leave travel concession provided by the organization arevery poor.
12. CANTEEN FACILITIES THAT IS PROVIDED BY THE ORGANIZATION
CHART-12
Very Good
Good
Average
Poor
Very Poor
Average; 20%
Good; 44%
INTERPRETATION
The above graph reveals that20% of the employees feel that the canteen facilities provided
by the organization are excellent that is they are absolutely satisfied.44% of the employees
feel that the canteen facilities provided by the organization are good that is they are
satisfied.20% of the employees feel that the canteen facilities provided by the organization
are average that is they are partially satisfied. 16% of the employees feel that the canteen
facilities provided by the organization are poor.
13. TRANSPORT FACILITIES PROVIDED BY THE ORGANIZATION
CHART-13
Poor; 6%
Very Good; 24% Very Good
Average; 10%
Good
Average
Poor
Very Poor
Good; 60%
INTERPRETATION
The above graph reveals that24% of the employees feel that the transport facilities provided
by the organization are excellent that is they are absolutely satisfied.66% of the employees
feel that the transport facilities provided by the organization are good that is they are
satisfied.10% of the employees feel that the transport facilities provided by the organization
are average that is they are partially satisfied.6% of the employees feel that the transport
facilities provided by the organization are poor.
14. SANITATION AND CLEANLY MEASURES IN THE ORGANIZATION
Variables No of respondents No of respondents in %
Very Good 11 22%
Good 20 40%
Average 10 20%
Poor 5 10%
Very Poor 4 8%
Total 50 100%
CHART-14
Average; 20%
Good; 40%
INTERPRETATION
The above graph reveals that22% of the employees feel that the sanitation and cleanly
measures in organization are very good that is they are absolutely satisfied.40% of the
employees feel that the sanitation and cleanly measures in organization are good that is
they are satisfied.20% of the employees feel that the sanitation and cleanly measures in
organization are average that is they are partially satisfied.10% of the employees feel that
the sanitation and cleanly measures in organization are poor. 8% of the employees feel that
the sanitation and cleanly measures in organization are poor
15. OPINION ABOUT THE TRAINING GIVEN IN THE ORGANIZATION
CHART-15
Very Good
Average; 8%
Good
Average
Poor
Very Poor
Good; 40%
INTERPRETATION
The above graph reveals that40% of the employees feel that the training in organization is
very good that is they are absolutely satisfied.40% of the employees feel that the training in
organization is good that is they are satisfied.8% of the employees feel that the training in
organization is average that is they are partially satisfied. 12% of the employees feel that
the training in organization is very poor.
16. MANAGEMENT HAVE ADEQUATE COMMUNICATION WITH THE
EMPLOYEES
Very Good
Poor; 10% Good
Average
Poor
Very Poor
Average; 20%
Good; 32%
INTERPRETATION
The above graph reveals that30% of the employees feel that the management have adequate
communication with the employees in the organization are very good that is they are
absolutely satisfied. 32% of the employees feel that the management have adequate
communication with the employees in the organization are good that is they are
satisfied.20% of the employees feel that the management have adequate communication
with the employees in the organization are average that is they are partially satisfied.10%
of the employees feel that the management have adequate communication with the
employees in the organization are poor.8% of the employees feel that the management have
adequate communication with the employees in the organization are very poor.
CHAPTER – 6
FINDINGS
OF THE STUDY
FINDINGS
In Rana Industries almost all the employees are satisfied with the job environment and
working conditions.
Some of the employees are partially satisfied with the pay structure in the Organization.
Some of the employees are partially satisfied with the promotion system in the
Organization.
Almost all the employees are satisfied with the leaves provided in the Organization.
Almost all the employees are satisfied with the canteen facilities in the Organization.
Almost all the employees are satisfied with the transport facilities provided by the
Organization.
Almost all the employees are having job security in the Organization.
Almost all the employees are having job satisfaction.
\
CHAPTER – 7
CONCLUSION,
SUGGESTIONS
&
LIMITATIONS
7.1 CONCLUSION
Every organization to sustain in the industry has to satisfy some of the basic needs and
demands of its employees. Satisfied and motivated employees are the source of achieving
the organizational goals and objectives.
In order to use the maximum potential of the human resource, the organization has to
provide them with the best quality of their working life. Therefore every organization needs
to update and improve the quality of work life of the employees who make better
contribution to production, quality and productivity.
Rana Industries is recognized as the organization with negligible employee turnover. This
is because it gives its employees adequate and fair compensation and the employees have
no reason to quit the company. This can be supported by the fact that the employees in
Rana Industries have a service more than 10 years on an average.
Rana Industries is striving hard to reduce the limitations by practicing better QWL
interventions and make it even better place to work .It is in the process of updating and
modernizing the working conditions in tune with the private organizations. Finally, we can
conclude that Rana Industries is providing its employees best Quality of Work Life, which
influence their performance and productivity.
7.2 SUGGESTIONS
Based on the analysis conducted in the organization the following are the recommendations
made to the organization.
Some of the employees are not satisfied with the job environment and working
conditions. Job environment and working conditions play a very important role in
motivating the employees. So, the organization has to take some more steps to improve the
job environment and working conditions.
Some of the employees are not satisfied with the career-planning programme. If an
organization wants to retain its employees it must satisfy their innovate aspirations for
growth and development of advancement in their career
Some of the employees are not satisfied with scope of creativity. If the job is creative then
only the employees get more interest on their job. They can innovate new things in their
job. Their creativity will be improved.
Some of the employees are not satisfied with the labour welfare measures provided by the
company. Labour welfare measures will improve the morale and increases the feeling of
security that will in turn affect the personnel effectiveness in an organization. So the
organization should take measures to improve the labour welfare measures.
7.3 LIMITATIONS
Though adequate care has been taken while doing the project. This Project still suffers from
certain limitations. They are following:-
The Quality of work life involves a wider range. The present study examines it from
identified and selected dimensions only. However it is possible that there may be other
factors which might not have been covered in this study.
Due to the time constraint the study is made only among 50 employees.
Some respondents did not properly respond to the Questionnaire; thus to eliminate this
aspect the researcher has also conducted some personal interviews.
The Management allowed the researcher to collect the data from the limited respondents
only.
BIBLIOGRAPHY
BIBLIOGRAPHY
Websites
http://www.chrmglobal.com/Articles/183/1/Quality-of-Work-Life.html
http://www.citehr.com/attachments/46140dl236315310-project-quality-work-life-new-
microsoft-word-documenl?doc?date=1236315310
http://www.mbajunction.com/career/quality_work_proj.htm
http://www.mbaguys.net/t590
http://profile.iiita.ac.in/pchand_mba05/pom.htm
ANNEXURE
QUESTIONNAIRE
I am a student of GNIMT, Ludhiana. I am doing my MBA. As part of my curriculum I
have selected the topic on “Quality of Work Life at Rana Industries” as my project work.
Thus, I am submitting my questionnaire to your kind opinion. This questionnaire is only for
the study purpose.
NAME:
DEPARTMENT:
1. What is your opinion about the job environment and working conditions at Rana
Industries?
a. Very Good b. Good c. Average d. Poor e. Very Poor
2. What is your perception about the growth and security opportunities at Rana Industries?
a. Very Good b. Good c. Average d. Poor e. Very Poor
6. What is your opinion about that you are able to learn and new skills in this Organization?
a. Very Good b. Good c. Average d. Poor e. Very Poor
7. What are the steps taken for the job enrichment for employees?
a. Deliberate upgrading of responsibility
b. Widening the scope of activities
c. Setting the challenges in work
d. Giving exposure to variety of jobs
8. What is the purpose of job design and goal setting in the organization?
a. It facilitates work flow
b. Effective co-ordination and integration
c. Positive impact on employee satisfaction
d. All the above
9. What is your perception about the sensible integration of job, career, family life and leisure
time?
a. Very Good b. Good c. Average d. Poor e. Very Poor
10. What is your perception with the leaves provided by the organization?
a. Very Good b. Good c. Average d. Poor e. Very Poor
11. What is your perception about the travel concession that is provided by the organization?
a. Very Good b. Good c. Average d. Poor e. Very Poor
12. What is your opinion about the Canteen facilitiesprovided by the organization?
a. Very Good b. Good c. Average d. Poor e. Very Poor
13. What is your perception about the transport facilitiesprovided by the organization?
a. Very Good b. Good c. Average d. Poor e. Very Poor
14. What is your opinion about the sanitation and cleanliness measures at Rana Industries?
a. Very Good b. Good c. Average d. Poor e. Very Poor
15. What is your opinion about the training given by the organization?
a. Very Good b. Good c. Average d. Poor e. Very Poor
16. Do the management have adequate communication with the employees?
a. Very Good b. Good c. Average d. Poor e. Very Poor
SUMMER TRAINING REPORT
ON
QUALITY OF WORK LIFE AT RANA INDUSTRIES,
LUDHIANA
Submitted to
Submitted By Supervisor
Heena Rana Er. Shilpa Miglani Narang
University Roll no. 2112200
DEPARTMENT OF MANAGEMENT
GURU NANAK INSTITUTE MANAGEMENT AND TECHNOLOGY
MODEL TOWN, LUDHIANA
CERTIFICATE
STUDENT DECLARATION
I, “Heena Rana”, hereby declare that I have undergone my summer training at “Rana
Industries” from 21st July 2022 to 3rd September 2022. I have completed a research project
tilted “Quality of Work Life” under the guidance of Mr. Raj Kumar. Further I hereby
confirm that the work presented herein is genuine and original and has not been published
elsewhere.
__________________
(Student name and Signature)
FACULTY DECLARATION
I hereby declare that the student Ms. Heena Rana of MBA (II) has undergone her summer
training under my periodic guidance on the Project titled “Quality of Work Life”. Further I
hereby declare that the student was periodically in touch with me during his/her training
period and the work done by student is genuine & original.
________________________
(Signature of Supervisor)
ACKNOWLEDGEMENT
"Everything is difficult before it becomes easy. This transition comes through because of
certain people who by their pioneering efforts leave their indelible mark on others."
Training is an excellent tool for learning and exploration. No classroom routine can
substitute which is possible while working in real situations. Application of theoretical
knowledge to practical situations i`s the bonanzas of this training. Without a proper
combination of inspection and perspiration, it's not easy to achieve anything. There is
always a sense of gratitude, which we express to others for the help and the needy services
they render during the different phases of our lives. I too would like to do it as I really wish
to express my gratitude toward all those who have been helpful to me directly or indirectly
during the development of this project.
I would like to show my deep sense of gratitude towards Rana Industries, Ludhiana for
providing me an excellent Summer Training platform.
I would also like to express my gratitude to Mr. Raj Kumar, for guiding and correcting
my mistakes throughout the project. His encouragement and support from the initial to the
final level enabled me to develop an understanding of the project. He has made available
their support in a number of ways and provided analytical suggestions and excellent
supervision.
Heena Rana
TABLE OF CONTENT
Certificate by Guide ii
Faculty Declaration iv
Acknowledgement v
4. Research Methodology 22 – 24
Bibliography 48 – 49
Annexure 50 – 53