AN ORGANISATIONAL STUDY

AT
JAI RITU STYLES AND SOURCING
Submitted in partial fulfilment of the requirements for the award of

MASTER OF BUSINESS ADMINISTRATION

By

PRATHOSH NS
Reg.No:61782121301098

BATCH OF 2021 – 2023

Department of Management Studies

SONA COLLEGE OF TECHNOLOGY

An Autonomous Institution, Affiliated to Anna University, Chennai

Salem – 636 005

SEPTEMBER 2022
 DEPARTMENT OF MANAGEMENT STUDIES

SONA COLLEGE OF TECHNOLOGY

(An Autonomous Institution)

September 2022

This to certify that the report entitled “An Organisational study at “Jai ritu styles and
sourcing” is the bonafide summer project work done by

PRATHOSH NS

Reg.no.61782121301096

of MBA degree during the year 2021-2023

Faculty Guide Director

Submitted for the project Viva examination to be held on_________________

Internal Examiner External Examiner

i
DECLARATION:

I affirm that the summer project work report title “An Organisation Study at Jai Ritu
styles and sourcing”, being submitted in partial fulfilment for the award of Master of
Business Administration is the original work carried out by me. It has not formed the
part of any project work submitted for award of any degree or diploma, either in this
or any other university.

Prathosh NS

Reg.NO:61782121301098

ii
 ACKNOWLEDGMENT

First, I would like to dedicate my sincere thanks to my honourable chairman Shri. C.

VALLIAPPA, for providing us infrastructural facilities to work in.

I also express my sincere gratitude to our respected principal , Dr. S.R.R. SENTHIL
KUMAR, Sona college of Technology, and the management for providing me an
opportunity to undergo the Degree and to undertake this project.

My sincere thanks to our respect Head of the Department, Dr. P . ANJANI,

Department of Management Studies , for his esteemed and distinguished guidance
and for giving me the opportunity to express my ideas and though this project work.

I personally thank respected Dr. P. K. Praba devi , Faculty guide , Department of

studies, for his valuable guidance, motivation, and encouragement for carrying out
this project work.

Also, a special thanks to my mentor Mr. Karthikeyan in Jai Ritu Styles and Sourcing
who helped me a lot throughout the process of study and who took initiative in helping
me understand the organization the right way only helped me realize the passion and
commitment he holds for the organization.

I would like to extend my thanks to friends and family who were supportive through-
out the process. Finally My sincere thanks to all the staffs working in the organisation
who helped me in understanding the process.

iii
TABLE OF CONTENT:

CHAPTER NO TITLE PAGE NO

1 Enterprise History & 1

Background

2 Organization Structure 4

3 Markets 10

4 Finance &HR Department 14

5 Operations 21

6 Governance 27

7 Conclusion 29

iv
 CHAPTER - 1

1.1. Establishment, History of the enterprise:

Jai Ritu Styles and Sourcing is one of the popular local companies for making a POY (Partially
Oriented Yarn) and PTY (Polyester Textured Yarn), which is situated in Thirupur. It has two
plants in village Kim and Karanj and one office in Surat. The main aim of the company is to
serve better to the customers. The Supreme filaments(P)ltd. has several departments for
particular task i.e., administration, human resource, storage, and dispatch departments.
The company is distributing their products to the customers in two ways – directly to the
customer and through a broker.
The company is having around 70 to 75 brokers for selling their products. Since the major
raw material is available indigenously, there is no need to import the same. However, now
since the company is moving towards backward integration.

They believe in specialisation into their business segments and to become cost efficient to
remain competitive in the market. The textile industry occupies a unique place in our
country. One of the earliest to come into existence in India, it accounts for 14% of the total
Industrial production, contributes to nearly 30% of the total exports and is the second
largest employment generator after agriculture.
The textile industry, with its extremely long and rich history, has had a massive impact on
the world economy and the very evolution of modern society. Weaving is believed to be one
of the oldest surviving crafts in the world today, the actual origins of which are thought to
date back to Neolithic times 12,000 years ago.

Even before that time, the same principle was used to interlace branches and twigs to form
protective fences, shelters and baskets. Once the practicality of interlacing these kinds of
materials was understood, further experimentation with other natural materials probably
produced the first basic fabrics and cloths.

With a rich tradition of textile weaving in India, the textile industry has come a long way
since its inception with the first spinning wheel being invented in the country. The Indian
government used to play an important role in endorsing the development of Indian textile
industry at both national and international levels by providing various subsidies and loans.
Exports of textiles, on the other hand, have predominated thanks to their demand abroad.
While India being a piece of land considered as sacred by many, has its origin story
associated to the land, which is pride among all its people. The Indian textile industry
is indeed an interesting one. The industry had a humble beginning, with a single
spinning wheel used in homes during the mid 1800s. With the use of this wheel
combined with manual labor power came the boom of textiles in India.

The textile industry has been around for thousands of years and grown to become
one of the most important industries in the country. The early days of the Indian

1
 textile industry were all about cotton and dhurries , with the last 150 years or so
seeing a rapid diversification and development through the use of machinery, better
production skills, and other processing technologies.

The textile industry has been one of the driving factors in shaping the economy,
society, and culture of India. This has allowed growth in the field to be immense. The
Textile Industry in India started from the time period from 1750 – 1850 and there
was a great revolution in it.

1.2Vision:

 To be a pioneer units sector by investing in people and technology and by

producing quality products and low cost.
 To ensure the highest level of customer satisfaction.
 To be at peace with nature by creating and promoting the environmental
awareness.

Mission:

 The highest quality assurance.

 Exceptional value.
 Innovative solutions to meet new trends and demands.
 Respecting client expectations and deadlines.
 Ethical work practices.
 Environment responsibilities.

Values:

Honesty, Integrity and human dignity, besides ethical approach in

engagements with all connected customers, suppliers ,employees and others,
remains in our hard earned repute and success.

2
1.2 GOVERNING BODY:

Managing Direction: Karthi subramani

Chairman: Karthikeyan

Board of Members: Directors and members in company of Ritu styles and sourcing.

1.4CSR Initiatives:

Corporate social responsibility is hugely beneficial for companies. Implementing an effective

CSR policy to positively impact environmental issues and textile sustainability can generate
major positives for a brand.

These benefits include increased brand recognition, greater business reputation on a global
scale and greater opportunities to attract better and more qualified staff. A well designed
CSR strategy for textile sustainability implemented with a textile management consultant
will lead to increased operational cost savings, more effective growth and a generally
increased financial performance.

These tangible benefits are obvious, but the increased PR opportunities and goodwill
generated from eco-friendly and sustainably aware brands is hugely positive for a modern
textile company too.

3
 CHAPTER – 2

ORGANIZATION

2.1. Organisation Structure:

Board of
Directors(4)

General
Manager(1)

HR Merchandise Production Knitting

Finance
Department Department Department Department

Manager & Manager & Merchandise & Manager & Supervisor &
Staff Staff Assistents Staff Staff

4
2.2 GEOGRAPHICAL SPREAD:

➢The company is located in Tirupur, Tamil Nadu, India.

➢They do domestic sales in Tirupur and to other districts like Chennai, Madurai and
states like Bangalore, Andhra Pradesh.

➢They also do export to countries like Malaysia and Singapore.

Work Culture:

JRSS is firmly committed to the socio-economic development of the local community

it serves and as such, provides extensive training and skill development programs to
many of its employees. As a result, JRSS is populated with a skilled work force
comprised of dedicated and committed individuals, who in turn produce the high
quality products that our clients have come to expect from us.

5
 CHAPTER – 3

MARKETS

3.1 Brand & Products

Men’s wear:

 T-shirt
 Pant
 Track pant

6
7
 ➢Products: The Company manufactures knitted garments which includes Menswear,
Womenswear and Kids-wear.

➢Product Line: They produces, Sweaters, T-Shirt, Sports wear, Bottoms, etc.,

➢ Brands: The Company deals with major brands like Jockey, The Bear House, Bliss club,
Hamleys, Walnut, Netplay, Max, Celio, etc.

3.2.Market Segmentation:

Company has mainly been engaged in the manufacturing of Polyester Textured Yarn.
Company started manufacturing activities in the year 1998, by installing one
texturing machine with a manufacturing capacity of 600 T.P.A. (capacity based on
manufacturing Polyester Textured Yarn of 80 Denier) at first unit (Unit I) situated at
Village.

In the year 2021-22, Company commenced setting-up of second unit (Unit II) at
village Kim for manufacturing Polyester Textured Yarn with a capacity of 2,600 T.P.A.
(capacity based on manufacturing Polyester Textured Yarn of 80 Denier) by installing
four Draw Texturing machines.

In the year 2021-22, they started further expansion at Unit II, for manufacturing
Polyester Textured Yarn with a capacity of 2,600 T.P.A. (capacity based on
manufacturing Polyester Textured Yarn of 80 Denier) and cotton by installing four
Draw Textured machines.
In the year 2021-22, the funding assistance from The South Indian Bank Limited was
taken over by State Bank of India.

In the year 200405, Company undertook another expansion project third unit (Unit
III) situated at tirupur. This expansion project was completed in two phases. In the
first phase, the installation of six texturing machines with a manufacturing capacity
of 7,590 T.P.A. (capacity based on manufacturing Polyester Textured Yarn of 80
Denier) was completed in June 2007.

In the year, 2021-22 itself, they further planned to move into backward integration
for production of POY, which is the key raw material for manufacturing Polyester
Textured Yarn, at their fourth unit (Unit IV) this project was commenced with a

8
 manufacturing capacity of 30,000 T.P.A.(capacity based on manufacturing average
150 Denier of POY) 18 However, during the initial stages of the implementation of
the project, their Company found good potential in the demand of POY and they also
received business enquiries for purchase of POY itself. Accordingly, our management
decided to increase the capacity of the POY project from 30,000 T.P.A. to 60,000
T.P.A. (capacity based on manufacturing average 150 Denier of POY). The doubling of
total production capacity will be carried out by converting the winders with 2 thread
lines into 4 thread lines and by carrying out other modifications, accordingly, as
required in the overall project.

Market segmentation is the process of dividing consumers into different categories

based on distinguishing characteristics. The impetus behind market segmentation is
that it helps retailers identify customers who are most likely to buy their products.
Small clothing retailers, wholesalers and manufacturers primarily focus on
demographics, personalities and needs when segmenting their markets.

This allows them to better reach non-buying consumers and customers through
advertising and other marketing efforts. These companies can also further
differentiate their clothing products from key competitors. There are several types of
key market segments used in retail clothing markets.

3.1. Competitors:
 SKT Textile Service.
 Tirupur Textiles Mills.
 Jaya Venkata Lakshmi Textiles Private Limited.
 Heavenly Textiles.

9
 Chapter – 4

FINANCIAL & HR Department

4.1. Market Capitalisation:

 Out of the proposed production capacity of 60,000 T.P.A. of POY, Company
proposes to consume 25,500 T.P.A. of POY (at a manufacturing capacity of
85%) for manufacturing PTY at existing texturing units located at tirupur and
the balance quantity of POY will be sold in the local market to other texturing
units. Company has already received proposals from few prospective buyers
for the purchase of additional quantity of POY and Company negotiating with
these prospective buyers to tie-up the additional production.

 In the year, 2021-22 itself, they further planned to move into backward
integration for production of POY, which is the key raw material for
manufacturing Polyester Textured Yarn, at their fourth unit (Unit IV) this
project was commenced with a manufacturing capacity of 30,000 T.P.A.
(capacity based on manufacturing average 150 Denier of POY) 18 However,
during the initial stages of the implementation of the project, their Company
found good potential in the demand of POY and they also received business
enquiries for purchase of POY itself.

 Accordingly, our management decided to increase the capacity of the POY

project from 30,000 T.P.A. to 60,000 T.P.A. (capacity based on manufacturing
average 150 Denier of POY). The doubling of total production capacity will be
carried out by converting the winders with 2 thread lines into 4 thread lines and
by carrying out other modifications, accordingly, as required in the overall
project.

10
 Financial Services: -

 It is concerned with the design and delivery of advice and financial product to
individuals, business, and governments within the areas of banking and related
institutions, personal financial planning, investments, real estate, insurance and
so on.

Financial Management: -
 It is concerned with the duties of the financial managers in the business firm.
Financial managers actively manage the financial affairs of any type of
business, namely, financial, and non-financial, private and public, large and
small, profit- seeking and not-for-profit. They performed such varied tasks as
budgeting, financial forecasting, cash management, credit administration,
investment analysis, funds management and so on.

 In recent years, the changing regulatory and economic environments coupled

with the globalisation of business activities have increased the complexity as
well as the importance of the financial managers duties. As a result, the
financial management function has become more demanding and complex. It
provides an overview of financial management function.

Key Activities of the Financial Manager:

 Producing accurate financial reports and information.

 Developing cash flow statements.
 Projecting profit.
 Managing credit.
 Providing advice in making financial decisions.
 Directing investments.
 Making financial forecasts.
 Budgeting.

11
The primary activities of a financial manager are:

1) Performing financial analysis and planning

2) Making investment decisions
3) Making financing decisions.
4) Producing accurate financial reports and information.
5) Developing cash flow statements.
6) Projecting profit.
7) Managing credit.
8) Providing advice in making financial decisions.
9) Directing investments.
10) Making financial forecasts.
11) Budgeting.

Financial management helps organizations to do so. This term refers to the effective
and efficient planning, organizing, directing, and controlling the financial activities
and processes of an organization. This includes fund procurement, allocation of
financial resources, utilization of funds, etc., apart from various other functions.

Now that we know what is financial management, it is necessary to understand how

important this function is for any organization. There are online finance courses that
highlight the importance of financial management to businesses. Learn more about
them here.

Role of HR:

Role of HRM The role of human resource management in organization is at counter stage.
Managers are aware that HRM is a function that must play a vital role in the success of
organization. It is an active participant in charting the strategic course an organization must
take place to remain competitive, productive and efficient. Its focal point is people, people
are the life blood of the organization. The uniqueness of HRM lies in its emphases on the
people in work setting and its concerns for the well living and comfort of the human resources
in an organization. The HRM function is much more integrated and strategically involved.
HRM and every other function must work together to achieve the level of organization.
Effectiveness required competing locally and internationally. It is the action oriented,
individual oriented, globally oriented, and future oriented. It focuses on satisfying the needs
of individual at work. Functions and businesses need to integrate for effecting customer

12
service. The approach to HRM differs from organization to organization depending on how
much it is valued by the management Technological change, innovation, and heightened
competition drive to increase the skill of employees. Competitive challenges motivate to
companies to use their human resources effetely.
Contribution HRM to organization
1. Helping the organization to search its goal.
2. Employing the skills and the activities of the workforce efficiently.
3. Providing the organization with well trained and well-motivated employee.
4. Increasing to the fullest the employee’s job satisfaction.
5. Developing and maintaining quality of work life .
6. Communication .
7. Helping to other department and function:
HRM includes the very interesting phenomena that is HRD. Human resource
development (HRD) is phenomenal for the manufacturing and service industry. HRD deals
with up gradation of skills for labors and executives, planning and allocation of work,
monitoring and assessment of performance. One of the most important tasks is upgrading
the skills and 22 knowledge of the human resource from time to time in tandem with the
development of technology and trade. This upgradation is done through training and
workshop/seminars. Collectively, HRD activities result in increased productivity, reduced cost
and wastage, rightsizing of labour and staffs at the organization, organizational stability, and
flexibility to adapt to future changes.

13
 CHAPTER-5
PRODUCTION & OPERATIONS

Production system:

 One Of the best in marketing knitted garments made of Cotton and Cotton
blends.
 Jai Ritu styles is one of the manufacturer and exporter in Knitted garments for
Men’s Women’s and Kid’s wear from India. Manufacturing factory is located
in Tirupur with modern facilities.

 Our factories are equipped with the latest state of the art imported
machinery with top quality.

 Production management is the process of planning the conversion of raw

materials into finished products, procurement of necessary materials,
supervision and control. In the textile industry, production management
refers to the process of making a garment from beginning to end.

 Production management includes everything from the collection of raw

materials for the manufacture of garments to the planning of activities
required for the transformation of garments, procurement of necessary
materials, supervision, control, proper layout of employees and even handing
over of garments to buyers.

14
Preparation of Total Seasonal Production Plan:

Garment manufacturing is the mass production of clothing. Manufacturing garments

entails a lot of planning and consciousness of schedule. The coordination of
contractors and their timeliness plays a large role in meeting deadlines for your
production.
In most cases the production of garments is very time sensitive in order to ship
goods to stores and boutiques for the upcoming season.

Having a late order can reflect poorly on your business–keep this in mind and add
plenty of time in your schedule.

PROCESS MANAGEMENT:
1. RAW MATERIAL SOURCING:

Raw material approvals – and purchasing decisions – are based on several criteria as
evaluated across several functional areas. These include product performance,
quality and overall value taking into consideration price, delivery and service.
Our dedicated Purchasing team serves a unique coordination role between suppliers
and all other associates, and is the only team authorised to procure raw materials.
The Purchasing team administers and controls the procurement process, including
evaluations, certifications and negotiations, and manages supplier relationships.

2.Knitting:
Knitting is a method by which yarn is manipulated to create a textile or fabric . It is
used to create many types of garments. Knitting may be done by or by machine .

Knitting creates stitches : loops of yarn in a row, either flat or in the round (tubular).
There are usually many active stitches on the knitting needle at one time. Knitted
fabric consists of a number of consecutive rows of connected loops that intermesh
with the next and previous rows.

15
Production Flowchart of Knitting Section:

Sample fabric
↓
Design analysis
↓
Machine selection
↓
Setting the machine for the specific design
↓
Sample Knitting
↓
Sample approval
↓
Bulk Production
↓
Grey fabric inspection

3.Laying:

 Laying of paper pattern helps one to plan the placement of the pattern pieces
in a tentative manner.

 Lay large pieces first and then fit in the smaller ones

 It is very economical in laying the pattern and cutting.

 Even a small amount of material saved in a single layer will help to bring about
a large saving of money as hundred’s of layers of fabric will be laid and cut
simultaneously.

16
  When laying, the length of the garment should be parallel to the selvedge of
the material. Be sure the pattern is placed in the correct grain.
 Fabrics drape and fall better on the lengthwise grain and also last longer. ⮚
Parts that have to be placed on the fold should be exactly on the edge of the
fold.
 All laying should be done on the wrong side of the material. When laying the
paper pattern, consider the design of the fabric. Care should be taken to see
that the design runs in the same direction throughout the garment.

Production process:
1. Firstly, knitting manager gets a production shit from the merchandiser as
accordance as consumer requirements then he informs or orders production officer about
it.

2. Production officer informs technical in charge and knows about machine in

which the production will be running.

3.Technical in charge calls for leader of mechanical fitter troops, they two take
decision about machine for production considering machine condition, production capacity,
maintenance complexity, etc.

4.Production officer with experienced mechanical fitter adjusts required stitch

length and grey GSM for required final GSM.

5.Supervisor checks daily production regularity and make operator conscious

about finishing in due time.

6. Operators operate machine in high attention as if there were no faults in the

fabrics. If he thinks or sure about any fabric fault, then he calls for the mechanical fitters in
duty.

7. Mechanical fitter then fixes it if he can or he informs technical in charge. Then he

comes in spot.

17
 Cutting:

The fabric is then cut with the help of cloth cutting machines suitable for the type of
the cloth. These can be band cutters having similar work method like that of band
saws; cutters having rotary blades; machines having reciprocal blades which saw up
and down; die clickers similar to die or punch press; or computerised machine that
use either blades or laser beams to cut the fabric in desired shapes.

Sewing/Assembling:

The sorted bundles of fabrics are now ready to be stitched. Large garment
manufacturers have their own sewing units other use to give the fabrics on contract
to other contractors. Stitching in-house is preferable because one can maintain quality
control during the processing. On the other hand, if contractors are hired keeping eye
on quality is difficult unless the contractor is one who precisely controls the process.

18
Quality checking process:

1. Measure Garments Dimensions

2. Check the function of the Closures, Buttons, Zippers

3. Verify Proper Packaging and labelling of Garments.

4. Testing Fabric for conformance to quality Standards.

5. Report on Quality Defects and Severity.

19
Finishing Department Process:

Garment finishing is very important because buyers satisfaction depends on it.

Garments finishing means, mainly applies of pressing, folding and packing of garments. Sewn
products are sent to the finishing department. Finishing department takes care of the
following functions:

 Trimming
 Stain removing
 Repairing
 Pressing
 Folding
 Ironing
 Packing
 Barcode.

Shipment :

 Shipment when a package is designated as “shipped” the package has been

loaded on a truck and departed for the final distribution centre.
 That means the package could be anywhere between the origin location and
the destination terminal.
 They are shipping to local markets with mini trucks and lorries and to
international markets like Malaysia and Singapore by cargo shipment.

20
 CHAPTER – 6

5.1. SWOT Analysis :

STRENGTHS: 1. It has a pro-active management and promoters have hands on
experience in manufacturing and trading of textile products. 2. The Group has agents
for domestic sales as well as export of processed fabrics. 3. The Company has been
exporting fabrics and other finished goods since last 4 years and is better positioned
for developing the market for export of Denim Fabric, Bottom Weight Clothes and
Processed Fabric. 4. The Project is eligible for interest subsidy of 5 % under TUFS and
would also earn approximately 8 % duty drawback for export. 5. The Company would
be manufacturing Denim Fabric, Bottom Weight Clothes and Processed Fabric, which
is in demand across the Globe.

1. Raw material base:

India has high self sufficiency for raw material particularly natural fibres. India’s
cotton crop is the third largest in the world. Indian textile Industry produces
and handles all types of fibres.

2. Labor:

Cheap labor and strong entrepreneurial skills have always been the backbone
of the Indian Apparel and textile Industry

3. Flexibility:

The small size of manufacturing which is predominant in the apparel industry

allows for greater flexibility to service smaller and specialized orders.

4. Rich Heritage:

The cultural diversity and rich heritage of the country offers good inspiration
base for designers.

21
 5. Domestic market:

Natural demand drivers including rising income levels, increasing urbanization and growth of
the purchasing population drive domestic demand.

WEAKNESSES

1.More dependence on cotton:

Due to over specialization in cotton, the bulk of the international market is missed out,
synthetic products in India are expensive and fabric required for items like swimsuit, sky-
wear and industrial apparel is relatively unavailable.The Company has no spinning unit to
meet for its raw material requirements. Fashion trend in overseas market changes very fast.

2.Spinning Sector:

Spinning sector lacks modernization and there is a need of introducing new technology

3. Weaving Sector:

India has relatively less number of shuttle-less loom.

4. Fabric Processing:

Processing is the weakest link in the Indian textile value chain, adversely affecting its ability
to compete in exports.

5. Poor Infrastructure:

High power costs and long export lead times are eroding India’s export
competitiveness across the textile chain.

6. Low Labor Productivity:

Productivity levels for manufacturing various apparel items are far lower in India in
comparison with its competitors.

22
OPPORTUNITY:
1. With closure of many production centres in Europe and USA on account of stringent
pollution control norm, high cost labour and raw material. This opens up tremendous
opportunity for Indian manufacturers for supplying Denim and Bottom Weight Clothes
and Processed Fabrics to those countries.
2. Quota system shall go away by the end of 2004, which will make global sourcing
easier.
Many foreign customers will take a relook at their supply chain to get quality products
from India.
3. Interest rates are gradually falling, making new investments more affordable.
4. Government’s policy for interest subsidy will facilitate cost reduction.

5. Market access through bilateral negotiation:

The trade is growing between regional trade blocs due to bilateral agreements
between participating countries.

6. Integration of Information technology:

‘Supply Chain Management’ and ‘Information Technology’ has a crucial role in

apparel manufacturing. Availability of EDI (Electronic Data Interchange), makes
communication fast, easy, transparent and reduces duplication.

7.Opportunity in High Value Items:

India has the opportunity to increase its UVR’s (Unit Value Realization) through
moving up the value chain by producing value added products and by
producing more and more technologically superior products.

23
THREATS:

1. The domestic demand-supply scenario:

It is expected to be balance even through a number of capacity expansions are
expected to be implement by various companies over the years.

2. The player with lower production costs:

It would be in a position to utilise capacities optimally. It enjoys cost
advantages, which will enable it to withstand competition.

3. Decreasing Fashion Cycle:

There has been an increase in seasons per year which has resulted in
shortening of the fashion cycle.

4. Formation of Trading Blocks:

Formation of trading blocks like NAFTA, SAPTA, etc; has resulted in a change in
the world trade scenario. Existence of bilateral agreements would result in
significant disadvantage for Indian exports.

5. Phasing out of Quotas:

India will have to open its protected domestic market for foreign players thus
domestic market will suffer.

5.2. Performance Appraisal:

 Performance Appraisal is the systematic evaluation of the individual with
regard to his or her performance on the job and his potential for
development.
 Company Performance.
 Department Performance.
 Individual Performance.

24
 5.4.Method of Performance appraisal:

 Grading method.
 Critical Incident Method.
 Management by objectives.
 360 – Degree appraisal .
 Assessment Centre Method.
 Behavioural Anchored Rating Scales.
 Human Resource Accounting Method.

Modern Methods of Performance Appraisal:

However, organizations could also use modern performance appraisal methods to garner
more accurate and valuable information on employee performance. Ultimately, these methods
could improve the organization's performance, such as:

 MBO

 BARS

 Assessment Centre

 360-Degree Appraisal

 Cost Accounting Method.

 In the simplest terms, Management by Objectives is a method of creating an objective

set of goals. The manager does this in collaboration with employees. The goals are then
discussed and reviewed at specified intervals. MBO is one of the most sought-after and
commonly implemented performance appraisal methods.
 There are four main parts to this employee performance appraisal method:

25
 Goal Setting: The manager and employee figure out what goals they must set. These
would consist of outcomes that both parties feel need to be achieved.

 Performance Standard: This is the standard that determines what is required to meet
these goals. In other words, to what extent these parameters must be satisfied to achieve
these goals.

 Comparison: A comparison is drawn between when the goals were set and a
predetermined point in time, for example, three or six months down the line. Managers
and employees can see what changes have come about.

 Periodic Review: This is where the employees and managers discuss the employee's
development. The manager can then inform employees of what improvements are still
required, which goals they have met or exceeded, and how to achieve these goals.

 Although MBO is widely used across many organizations today, it comeswith its fair
share of merits and demerits.

26
 CHAPTER 7
GOVERNANCE

India’s garments sector is one of the oldest industries in the Indian economy, dating back to several

centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one

end of the spectrum, while the capital-intensive sophisticated mills sector on the other end. The

decentralised power looms/ hosiery and knitting sector forms the largest component in the textiles

sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the

ancient culture and traditions of the country in terms of textiles makes it unique in comparison to

other industries in the country. India’s textiles industry has a capacity to produce wide variety of

products suitable for different market segments, both within India and across the world. Government
Initiatives Indian government has come up with a number of export promotion policies for the textiles

sector.

It has also allowed 100 per cent FDI in the sector under the automatic route. Initiatives taken by

Government of India are:

➢ Under Union Budget 2020-21, a National Technical Textiles Mission is proposed for a period from

2020-21 to 2023-24 at an estimated outlay of Rs 1,480 crore (US$ 211.76 million).

➢ In 2020, New Textiles Policy 2020 is expected to be released by the Ministry of Textiles.

➢ CCEA approved mandatory packaging of food grains and sugar in jute material for the Jute Year

2019-20.

➢ In September 2019, textiles export witnessed a 6.2 per cent increase post GST as compared to the

period pre-GST.

➢ The Directorate General of Foreign Trade (DGFT) has revised rates for incentives under the

Merchandise Exports from India Scheme (MEIS) for two sub-sectors of Textiles Industry - readymade

garments and made-ups - from two per cent to four per cent.

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➢ The Government announced a special package of US$ 31 billion to boost export, create one crore

job opportunity and attract investment worth Rs 80,000 crore (US$ 11.93 billion) during 2018-2020.

As of August 2018, it generated additional investments worth Rs 25,345 crore (US$ 3.78 billion) and

exports worth Rs 57.28 billion (US$ 854.42 million). 25

➢ The Government of India has taken several measures including Amended Technology Upgradation

Fund Scheme (A-TUFS), estimated to create employment for 35 lakh people and enable investment

worth Rs 95,000 crore (US$ 14.17 billion) by 2022.

➢ Integrated Wool Development Programme (IWDP) was approved by Government of India to

provide support to the wool sector, starting from wool rearer to end consumer, with an aim to

enhance quality and increase production during 2017-18 and 2019-20.

➢ The Cabinet Committee on Economic Affairs (CCEA), Government of India approved a new skill

development scheme named 'Scheme for Capacity Building in Textile Sector (SCBTS)' with an outlay

of Rs 1,300 crore (US$ 202.9 million) from 2017-18 to 2019- 20. As of August 2019, 16 states signed

pacts with the Ministry of Textiles to partner with it for skilling about four lakh workers under the

scheme.

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LEARNINGS:

Jai ritu garments it was a great exposure towards the manufacturing industry and
producing a garments and we can learn about how its functioning by experiencing it. Learned
about how the employees are working with more dedication. The culture in the industry was
amazing ,we have adapt to that culture to work sincerely and more insights on how behave in
an company. We can get more visibility and Exposure in industry. I can feel that was a single
man who wants to take the responsibility and work for internship its a good experience and I
have witnessed a whole department in industry it has a good learning.

SUGGESTIONS:

Continuous Improvement in Quality of the garments and producing more no. shirts and t
shirt is the reason of machine with good quality to produce more no. of garments and the
process of knitting and sewing has large transformation and create a good impact in the
industry. They the idea of producing new garments in upcoming in the jai ritu garments .
Improvement of quality and turnaround times gradually.

Reducing the wastage and pricing the accurate cost for the quality products with Trust
among the Customers.

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CONCLUSIONS:

One of the in making Knitted garments made of cotton blends. Jai Ritu styles is one
of the manufacturer and exporter in Knitted garments for Men’s Women’s and Kid’s
wear from India. Our factories are equipped with the latest state of the art imported
machinery with top quality. So it has good market. On the other hand, the negative
impact of the company is that it is a local company .So it has feared from the other
reputed company. The work place behaviour and culture was new to adapt and
gained more insights on how to behave in an company.

BIBLIOGRAPHY :

https://www.seair.co.in/indian-trader/jai-ritu-styles-and-sourcing-641663.aspx

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