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Exports of grey polyester yarn from Surat City 1

REPORT ON

“ EXPORT OF GREY POLYESTER YARN FROM SURAT”

SUBJECT:

GLOBAL BUSINESS MANAGEMENT

SUBMITTED BY:

NAME ROLL NO

TUSHAR PARMAR 32

JENISH CHAUHAN 07

(SECTION: B)

SUBMITTED TO:

DR. MUNIRA HABIBULLAH

(DBIM)

DEPARTMENT OF BUSINESS AND INDUSTRIAL


MANAGEMENT, VNSGU

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 2

INTRODUCTION

India’s textiles sector is one of the oldest industries in Indian economy dating back several
centuries. Even today, textiles sector is one of the largest contributors to India’s exports with
approximately 11 per cent of total exports. The textiles industry is also labour intensive and is
one of the largest employers. The industry realized export earnings worth US$ 41.4 billion in
2014-15, a growth of 5.4 per cent, as per The Cotton Textiles Export Promotion Council
(Texprocil). The textile industry has two broad segments. First, the unorganised sector consists
of handloom, handicrafts and sericulture, which are operated on a small scale and through
traditional tools and methods. The second is the Organised sector consisting of spinning,
apparel and garments segment which apply modern machinery and techniques such as
economies of scale.

The Indian textiles industry is extremely varied, with the hand-spun and handwoven textiles
sectors at one end of the spectrum, while the capital intensive sophisticated mills sector at the
other end of the spectrum. The decentralized power looms/ hosiery and knitting sector form
the largest component of the textiles sector. The close linkage of the textile industry to
agriculture (for raw materials such as cotton) and the ancient culture and traditions of the
country in terms of textiles make the Indian textiles sector unique in comparison to the
industries of other countries. The Indian textile industry has the capacity to produce a wide
variety of products suitable to different market segments, both within India and across the
world.

 Market Size

The Indian textiles industry, currently estimated at around US$ 108 billion, is expected to reach
US$ 223 billion by 2021. The industry is the second largest employer after agriculture, providing
employment to over 45 million people directly and 60 million people indirectly. The Indian
Textile Industry contributes approximately 5 per cent to India’s gross domestic product (GDP),
and 14 per cent to overall Index of Industrial Production (IIP).

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 3

The Indian textile industry has the potential to reach US$ 500 billion in size according to a study
by Wazir Advisors and PCI Xylems & Polyester. The growth implies domestic sales to rise to US$
315 billion from currently US$ 68 billion. At the same time, exports are implied to increase to
US$ 185 billion from approximately US$ 41 billion currently.

 Various Categories

Indian textile industry can be divided into several segments, some of which can be listed as
below:
 Cotton – Second largest cotton and cellulosic fibres producing country in the world.
 Silk – India is the second largest producer of silk and contributes about 18% to the total
world raw silk production.
 Wool – India has 3rd largest sheep population in the world, having 6.15 crores sheep,
producing 45 million kg of raw wool, and accounting for 3.1% of total world wool
production. India ranks 6th amongst clean wool producer countries and 9th amongst
greasy wool producers.
 Man-Made Fibers- the fourth largest in synthetic fibers/yarns globally.
 Jute – India is the largest producer and second largest exporter of the jute goods.

 Global vs. Domestic Scenario

The global trade of textile and garments was approximately $781 billion in 2013. This is almost
4.6 per cent of the trade of all commodities, which is estimated at approximately $17 trillion.
From 2008 to 2013, the global textile and garment trade has grown at a CAGR of 4 per cent.

The current global garment market is estimated at approximately $1.15 trillion which form
nearly 1.8 per cent of the world GDP. Almost 75% of this market is concentrated in Europe,
USA, China and Japan. An analysis of per capita spend on garment in various countries shows a
significant difference between numbers in developed and developing economies. Within the

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 4

major markets, India has the lowest per capita spend on garment ($37) which is only 3 per cent
of the highest one viz. Australia ($1,131).

The top five textiles and garment exporting nations are China, India, Italy, Germany and Turkey.
China is the single largest exporter with 39 per cent share while India stood at a distant second
place with 5 per cent share.

The top five Textile and garment importing nations are US, China, Germany, Japan and United
Kingdom. USA is the largest importer with a share of 17 per cent of the total global trade. The
Indian textile and garment industry has an important presence in the country's economy
through its contribution to industrial output, employment generation, and the export earnings.
It contributes almost 5% to the $ 1.8 trillion Indian economy whereas its share in Indian exports
stands at a significant 13 per cent. India is the second largest exporter of textile and garment
goods with a global trade share of approximately 5 per cent.

The Indian domestic consumption of textile and garment is valued at US$ 63 billion in 2013.
Within this, garment retail has the highest share of 73 per cent contributing $46 billion,
technical textile contributes $13 billion with a share of 21 per cent and home textiles contribute
$4 billion with a 6 per cent share.

In 2013, India became second largest exporter of textile & garment in the world surpassing Italy
and Germany. India exported textile and garment goods worth $40 billion, with a share of
about 5 per cent of global textile and garment trade. In terms of value, Indian textile and
garment exports is dominated by garment category which has a majority share of 40 per cent
followed by Yarn, fabrics, fiber, made-ups and other textiles including carpets, nonwovens, etc.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 5

RESEARCH METHODOLOGY

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 6

PROBLEM STATEMENT

Problem statement is “To study the exports of grey polyester yarn

From SURAT city.”

OBJECTIVES OF RESEARCH

 To study the factors that influence exports of Grey polyester yarn industry in SURAT.
 To study the factors that hinders exports of grey polyester yarn industry in SURAT.

RESEARCH DESIGN

Under this study, Descriptive method of research is used. The major purpose of Descriptive
research is to describe characteristics of a population or phenomenon. Descriptive research
seeks to determine the answers to who, what, when, where, and how questions.

DATA COLLECTION METHOD

There are 2 methods for collection of data

 Secondary Data
 Primary Data.

SAMPLE DESIGN

Under this study, Convenience sampling under non probabilistic technique was used.

SAMPLE SIZE

33 respondents of Yarn exporters from surat.

POPULATION
All those customers who are exporting polyester yarn from Surat city.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 7

SAMPLING METHOD
Convenience sampling method is used. Convenience sampling method was used in this study
because constrain of cost & time.

RESEARCH INSTRUMENT

Questionnaire is instrument of this research study.

TOOLS AND TECHNIQUE

 Graphical charts, pie charts, bar charts, Cross tabulation are used to accurately interpret the
responses of respondent.

LIMITATIONS OF THE STUDY

1. The survey is limited to only SURAT city.

2. The findings are based only on the information provided by the respondents and there
is a possibility of biased results.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 8

DATA ANALYSIS

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 9

DATA ANALYSIS

1)

How often do you export in a year?


Frequency Percent Valid Cumulative
Percent Percent
Valid 1-3 times a year 12 36.4 36.4 36.4
4-6 times a year 5 15.2 15.2 51.5
7-9 times a year 10 30.3 30.3 81.8
> 10 times 6 18.2 18.2 100.0
Total 33 100.0 100.0

12
10

6
5

1-3 times a year 4-6 times a year 7-9 times a year > 10 times

INTERPRETATION:
Under study, out of 33 respondents, 12 exporter export for 1 to 3 times a year, 10 respondent
export for 7 to 9 times a year and 6 exporter exports for more than 10 times a year. So, under
study majority exporter export for 1 to 3 times a year

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 10

2)

What are your total earnings from exports of grey polyester yarn?
Frequency Percent Valid Cumulative
Percent Percent
Valid Less than rs.500000. 5 15.2 15.2 15.2
500001 to 10, 00,000 11 33.3 33.3 48.5
More than 10, 00,000 17 51.5 51.5 100.0
Total 33 100.0 100.0

17

11

Less than rs.500000. 500001 to 10, 00,000 More than 10, 00,000

INTERPRETATION:
Under study, out of 33 respondents, 17 exporters earn more than Rs.10, 00,000 from export
earning while 11 exporters earn between Rs.5, 00,000 to 10, 00,000. Thus, majority of exporter
earns more than Rs.10, 00,000 i.e. 51.5% of exporter.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 11

3) As an exporter, rate various factors related to domestic market as given below.

(I)

You are exporting because competition in local market is very high


Frequency Percent Valid Cumulative
Percent Percent
Strongly Agree 0 0 0 0
Valid Agree 7 21.2 21.2 21.2
Neutral 3 9.1 9.1 30.3
Disagree 7 21.2 21.2 51.5
strongly disagree 16 48.5 48.5 100.0
Total 33 100.0 100.0

16

7 7

Agree Neutral Disagree strongly disagree

INTERPRETATION:
Under study, when asked about their opinion that they are exporting because of high
competition in local market, 16 exporters (i.e.48.5%) strongly disagree with the fact and 7
exporters (i.e. 21.2%) disagree with this fact. And around 7 (i.e. 21.2%) exporter agree with fact.
From the above statement, it can be said that it is not the factor that affects the exports.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 12

(ii)

You are exporting because grey polyester yarn is out of fashion


Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly agree 3 9.1 9.1 9.1
Agree 9 27.3 27.3 36.4
Neutral 7 21.2 21.2 57.6
Disagree 6 18.2 18.2 75.8
strongly disagree 8 24.2 24.2 100.0
Total 33 100.0 100.0

9
8
7
6

Strongly agree Agree Neutral Disagree strongly


disagree

INTERPRETATION:
Under study, when asked about their opinion that out of fashion is the factor for exporting
polyester, 9 exporters (i.e. 27.3%) agree with the fact and 6 exporters (i.e. 18.2%) disagree with
the fact and 8 exporter (i.e 24.2%) strongly disagree with the fact.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 13

(iii)

You are exporting because local market of grey polyester yarn is at maturity stage.
Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly agree 8 24.2 24.2 24.2
Agree 3 9.1 9.1 33.3
Neutral 7 21.2 21.2 54.5
Disagree 9 27.3 27.3 81.8
strongly disagree 6 18.2 18.2 100.0
Total 33 100.0 100.0

9
8
7
6

Strongly agree Agree NeutraL Disagree strongly


disagree

INTERPRETATION:
Under study, 11 exporters (i.e. 33.3) agree with the fact and 15 exporters (i.e. 45.5) disagree
with the fact and 7 exporters (i.e. 21.2%) were neutral about their opinion.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 14

(iv)

You are exporting because you are getting higher price in export market.
Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly agree 13 39.4 39.4 39.4
Agree 12 36.4 36.4 75.8
Neutral 5 15.2 15.2 90.9
Disagree 3 9.1 9.1 100.0
Strongly disagree 0 0 0 0
Total 33 100.0 100.0

13
12

5
3

Strongly agree Agree Neutral Disagree

INTERPRETATION:
Under study, 13 exporters (i.e. 39.4%) strongly agree with the fact and 12 exporters (i.e. 36.4%)
agree with fact and 5 exporters (i.e. 15.2%) were neutral.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 15

4)
Which Problems are faced by in exporting business?
Frequency Percent Valid Cumulative
Percent Percent
Valid Import duties by country 5 15.2 15.2 15.2
of export
Import duties and 3 9.1 9.1 24.2
standardized product
import duties and 1 3.0 3.0 27.3
customized product
import duties and inflation 1 3.0 3.0 30.3
import duties and GDP 4 12.1 12.1 42.4
growth rate
standardized product 10 30.3 30.3 72.7
Customized product 2 6.1 6.1 78.8
Inflation 5 15.2 15.2 93.9
GDP growth rate 2 6.1 6.1 100.0
Total 33 100.0 100.0

Import
import import
Import duties import
duties duties standardi Customiz GDP
duties by and duties
and and GDP zed ed Inflation growth
country standariz and
cutomize growth product product rate
of export ed inflation
d product rate
product
Frequency 5 3 1 1 4 10 2 5 2

INTERPRETATION:
Under study, problem faced by exporter were studied. 10 exporters (i.e. 30.3%) were facing the
problem of standardized product and 5 exporters (i.e. 15.2%) faces the problem of import
duties by country of export and 5(15.2%) exporter faces the problem of inflation

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 16

5) Rate Apparel export promotion council on various factors given below

(I)

AEPC provides you good marketing Assistance


Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly 8 24.2 24.2 24.2
agree
Agree 9 27.3 27.3 51.5
Neutral 10 30.3 30.3 81.8
Strongly 0 0 0 00
disagree
Disagree 6 18.2 18.2 100.0
Total 33 100.0 100.0

10
9
8

Strongly agree Agree Neutral Disagree

INTERPRETATION:
Under study, 17 exporters (i.e. 51.5%) agree with this fact that AEPC provides good marketing
Assistance and 10 exporters (i.e. 30.3%) were neutral with this fact. And only 6 exporters (i.e
18.2%) disagree with the facts.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 17

(ii)

AEPC is able to provide you information about global tenders and opportunities
Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly agree 5 15.2 15.2 15.2
Agree 14 42.4 42.4 57.6
Neutral 6 18.2 18.2 75.8
DISAGREE 3 9.1 9.1 84.8
strongly disagree 5 15.2 15.2 100.0
Total 33 100.0 100.0

14

6
5 5
3

Strongly agree Agree Neutral DISAGREE strongly


disagree

INTERPRETATION:
Under study, 19 exporters (i.e. 57.6) agreed with this fact that AEPC is able to provide
information about global tenders and opportunities and 8 exporters (i.e. 27.3%) were
Disagreed with this fact and only 6(i.e. 18.2%) exporters were neutral with fact.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 18

(iii)

AEPC is able to provide you real time Access to database.


Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly agree 14 42.4 42.4 42.4
Agree 2 6.1 6.1 48.5
Neutral 6 18.2 18.2 66.7
Disagree 6 18.2 18.2 84.8
strongly disagree 5 15.2 15.2 100.0
Total 33 100.0 100.0

16
14
12
10
8
6
4
2
0
Strongly strongly
Agree Neutral Disagree
agree disagree
Frequency 14 2 6 6 5

INTERPRETATION:
Under study, 16 exporters (i.e. 48.5%) agreed with the fact that AEPC provides real time access
to database and 11 exporters (i.e. 33.4%) disagreed with this fact and 6 exporters (i.e. 18.2%)
were neutral with this fact.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 19

6) As an exporter, rate various factors related issuing licenses on following parameters.

(i)

Getting Import- export code (IEC ) is very easy


Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly agree 6 18.2 18.2 18.2
Agree 9 27.3 27.3 45.5
NEUTRAL 12 36.4 36.4 81.8
Strongly disagree 0 0 0 0
Disagree 6 18.2 18.2 100.0
Total 33 100.0 100.0

14

12

10

0
Strongly agree Agree NEUTRAL Disagree

INTERPRETATION:
Under study, 15 exporters (i.e. 45.5%) agreed with the fact that getting import- export code is
very easy and only 6 exporters (i.e.18.2%) disagreed with the fact and 12 exporters (i.e. 36.4%)
were neutral about the fact.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 20

(ii)

Getting Registration cum Membership certificate (RCMC) is easy


Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly Agree 4 12.1 12.1 12.1
Agree 6 18.2 18.2 30.3
Neutral 8 24.2 24.2 54.5
Disagree 12 36.4 36.4 90.9
Strongly Disagree 3 9.1 9.1 100.0
Total 33 100.0 100.0

14

12

10

0
Strongly Strongly
Agree Neutral Disagree
Agree Disagree
Frequency 4 6 8 12 3

INTERPRETATION:
Under study, 10 exporters (i.e.20.3%) agreed with the fact that getting registration cum
membership certificate is easy and 15 exporters (i.e. 45.5%) disagreed with this fact and 8
exporters (i.e. 24.2%) were neutral about this fact.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 21

(iii)

Getting Registered with Chamber of Commerce is Easy


Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly 6 18.2 18.2 18.2
Agree
Agree 18 54.5 54.5 72.7
Neutral 7 21.2 21.2 93.9
Disagree 2 6.1 6.1 100.0
Total 33 100.0 100.0

20
18
16
14
12
10
8
6
4
2
0
Strongly Agree Agree Neutral Disagree
Frequency 6 18 7 2

INTERPRETATION:
Under study, 24 exporters (78.7%) agreed with the fact that getting registered with chamber of
commerce is easy and 2 exporters disagreed with this fact. And 7 exporters (i.e. 21.2%) were
neutral about this fact.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 22

7) Export Procedures are very long and tedious.

Export Procedures are very long and tedious.


Frequency Percent Valid Cumulative
Percent Percent
Valid Strongly Agree 7 21.2 21.2 21.2
Agree 11 33.3 33.3 54.5
Neutral 8 24.2 24.2 78.8
Strongly disagree 0 0 0 0
Disagree 7 21.2 21.2 100.0
Total 33 100.0 100.0

12

10

0
Strongly Agree Agree Neutral Disagree
Frequency 7 11 8 7

INTERPRETATION:
Under study, 18 exporters (i.e. 54.5%) agreed that export procedures are very tedious and long.
And 7 exporters (i.e.21.2%) were disagreed with the fact and 8 exporters (i.e. 24.2%) were
neutral regarding this fact.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 23

8) Which type of insurance you are choosing for exporting?

Which Type of insurance you are choosing for exporting?


Frequency Percent Valid Cumulative
Percent Percent
Valid Open Cover 18 54.5 54.5 54.5
Open Policy 4 12.1 12.1 66.7
Specific Policy 11 33.3 33.3 100.0
Total 33 100.0 100.0

20
18
16
14
12
10
8
6
4
2
0
Open Cover Open Policy Specific Policy
Frequency 18 4 11

INTERPRETATION:
Under study, 18 exporters (i.e.54.5%) had open cover insurance and 11 exporters (i.e. 33.3%)
have specific policy and 4 exporters (i.e. 12.1%) have open policy.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 24

9) Which types of risks are covered by you in insurance?

Which types of Risks are covered by you in insurance?


Frequency Percent Valid Cumulative
Percent Percent
Valid Fire and Sea perils 10 30.3 30.3 30.3
Named Perils 12 36.4 36.4 66.7
All risk insurance 11 33.3 33.3 100.0
Total 33 100.0 100.0

12.5

12

11.5

11

10.5

10

9.5

9
Fire and Sea perils Named Perils All risk insurance
Series1 10 12 11

INTERPRETATION:
Under study, 10 exporters (i.e. 30.3%) have risk cover for fire and sea perils and 12 exporters
(i.e. 36.4%) have risk cover for named perils and 11 exporters (i.e. 33.33%) have risk cover for
all risk,

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 25

10) Which mode of payment is preferred by you?

Which Mode of payment is Preferred by you?


Frequency Percent Valid Cumulative
Percent Percent
Valid Cash in Advance 12 36.4 36.4 36.4
Letter of Credit 18 54.5 54.5 90.9
Documentary Collection/ 3 9.1 9.1 100.0
Draft/ Bill of Exchange
Total 33 100.0 100.0

20
18
16
14
12
10
8
6
4
2
0
Documentary
Cash in Advance Letter of Credit Collection/ Draft/
Bill of Exchange
Frequency 12 18 3

INTERPRETATION:
Under study, 18 exporters (i.e. 54.5%) prefer letter of credit for payment, 12 exporters (i.e.
36.4%) prefer cash in advance and 3 exporters prefer Documentary Collection/ Draft/ Bill of
Exchange for payment.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 26

 Cross tabulation

1) How often do you export in a year (*) what are your total earnings from exports of grey
polyester yarn?

Count
What are your total earnings from exports of Total
grey polyester yarn?
Less than 500001 to 10, More than 10,
rs.500000. 00,000 00,000
How often do you export 1-3 times a year 0 3 9 12
in a year? 4-6 times a year 3 0 2 5
7-9 times a year 0 8 2 10
> 10 times 2 0 4 6
Total 5 11 17 33

10

0
1-3 times a year 4-6 times a year 7-9 times a year > 10 times
Less than rs.500000. 0 3 0 2
500001 to 10, 00,000 3 0 8 0
More than 10, 00,000 9 2 2 4

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 27

INTERPRETATION:

Under study, 3 exporters who export 1-3 times a year earns between Rs.5000001 to Rs.1000000
and 9 exporters earn more than Rs. 1000000. And from exporter exporting 4-6 times a year, 3
exporters earn less than Rs. 500000 and 2 exporters earn more than Rs.1000000. and of exporters
exporting 7-9 times a year, 8 exporters earn between Rs.500001 to 1000000 and 2 exporters earn
more than Rs.1000000

2) How often do you export in a year? (*) Which type of insurance you are choosing for
exporting?

Count
Which Type of insurance you are choosing for Total
exporting?
Open Cover Open Policy Specific
Policy
How often do you export 1-3 times a year 4 0 8 12
in a year? 4-6 times a year 2 0 3 5
7-9 times a year 8 2 0 10
> 10 times 4 2 0 6
Total 18 4 11 33

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 28

0
1-3 times a year 4-6 times a year 7-9 times a year > 10 times
Open Cover 4 2 8 4
Open Policy 0 0 2 2
Specific Policy 8 3 0 0

INTERPRETATION:

Under study, of exporter exporting 1-3 times a year, 4 exporters have open cover policy and 8
have specific policy. And exporters exporting 4-6 times a year, 2 exporters have open cover
policy and 3 exporters have specific policy. And exporters exporting 7-9 times a year, 8
exporters have open cover policy and 2 exporters have open policy.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 29

3) How often do you export in a year? (*) Which types of risks are covered by you in
insurance?

Which types of Risks are covered by you in Total


insurance?
Fire and Sea Named Perils All risk
perils insurance
How often do you export 1-3 times a year 8 0 4 12
in a year? 4-6 times a year 2 0 3 5
7-9 times a year 0 8 2 10
> 10 times 0 4 6
2
Total 10 12 11 33

0
1-3 times a year 4-6 times a year 7-9 times a year > 10 times
Fire and Sea perils 8 2 0 0
Named Perils 0 0 8 4
All risk insurance 4 3 2 2

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 30

INTERPRETATION:

Under study, exporters exporting 1-3 times a year, 8 exporters have risk cover for fire and sea
perils and 4 exporters have all risk insurance. And exporters exporting 4-6 times a year, 2
exporters have risk cover for fire and sea perils and 3 exporters have all risk insurance. And
exporters exporting 7-9 times a year, 8 exporters have risk cover for named perils.

4) How often do you export in a year? (*)Which mode of payment is preferred by you?

Which Mode of payment is Preferred by you? Total


Cash in Letter of Documentary
Advance Credit Collection/
Draft/ Bill of
Exchange
How often do you export 1-3 times a year 12 0 0 12
in a year? 4-6 times a year 0 2 3 5
7-9 times a year 0 10 0 10
> 10 times 0 6 0 6
Total 12 18 3 33

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 31

14

12

10

0
1-3 times a year 4-6 times a year 7-9 times a year > 10 times
Cash in Advance 12 0 0 0
Letter of Credit 0 2 10 6
Documentary Collection/ Draft/ Bill
0 3 0 0
of Exchange

INTERPRETATION:

Under study, 12 exporters who exports for 1- 3 times a year prefer cash in advance as mode of
payment. And exporters exporting 4-6 times a year, 2 exporters prefer letter of credit and 3
exporters prefer documentary collection. And exporters exporting 7-9 times a year, 10
exporters prefer letter of credit for payment.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 32

FACTS AND FINDING

1) 36.4% exporters exports for 1-3 times a year and 30.3% of exporters exports for 7-9 times a
year.

2) 51.5% exporters earn more than Rs.10, 00,000 from exports.

3) 30.3% exporters face the problem of standardized product while exporting and 15.2% of
exporters face the problem of import duties.

4) 54.5% exporters agree that export procedure is long and tedious.

5) 54.5% exporters have open cover insurance for exports and 33.33% have specific policy for
exports.

6) 36.4% exporters have risk cover for named perils and 33.3% exporters have all risk cover.

7) 54.5% exporters prefer letter of credit for payments. And 36.4% prefer cash in advance for
payment.

8) 27.27% exporters exports for 1-3 times a year and earn more than Rs.10, 00,000. 24.24%
exporters exports for 7-9 times a year and earn between Rs.500000 to Rs.1000000.

9) 24.24% exporters have open cover insurance policy and exports for 7-9 times a year. And
24.24% exporters have specific policy and exports for 1-3 times a year.

10) 24.24% exporters have sea and fire risk cover and exports for 1-3 times a year. And 24.24%
exporters have named peril risk cover and exports for 7-9 times a year.

11) 36.36% exporters prefer cash in advance and exports for 1-3 times a year. And 30.30%
exporters prefer letter of credit and exports for 7-9 times a year.

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 33

BIBLIOGRAPHY
http://www.ibef.org/industry/textiles.aspx

ANNEXURE:-
QUESTIONNAIRE
Sir/ Madam,

We, Tushar Parmar and Jenish Chauhan students of MBA from Department of Business and
Industrial Management, VNSGU, Surat, would like to seek your cooperation for our research work. The
fundamental aim of our research is to study exports of polyester yarn from surat. Your sincere reply will
help us to understand the topic in detail and provide true results of the study.

Question 01: In which country you are exporting polyester yarn (Country of Destination).

Question 02: How often do you export in a year?

1-3 times a year 4-6 times a year

7-9 times a year > 10 times

Question 03: what are your total earnings from exports of grey polyester yarn?

Less than rs.500000. 500001 to 10, 00,000

More than 10, 00,000

Question 04: As an exporter, rate various factors related to domestic market as given below.

Strongly agree-1, Agree -2, Neutral- 3, Disagree-4, strongly disagree

Statement 1 2 3 4 5
You are exporting because competition in local market is
very high
You are exporting because grey polyester yarn is out of
fashion

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 34

You are exporting because local market of grey polyester


yarn is at maturity stage.

You are exporting because you are getting higher price in


export market.

Question 05: Which Problems are faced by in exporting business? (Select more than one)

Import duties by country of export standardized product

Customized product Inflation

GDP growth rate

Question 06: Rate Apparel export promotion council on various factors given below.

Strongly agree -1, Agree -2, Neutral -3, Disagree -4, strongly disagree -5

STATEMENT 1 2 3 4 5
AEPC provides you good marketing Assistance
AEPC is able to provide you information about global
tenders and opportunities
AEPC is able to provide you real time Access to
database.

Question 07: As an exporter, rate various factors related issuing licenses on following
parameters.

Parameter Strongly Agree Neutral Disagree Strongly


Agree (1) (2) (3) (4) Disagree (5)
Getting Import- export code
(IEC ) is very easy
Getting Registration cum
Membership certificate
(RCMC) is easy
Getting Registered with
chambers of commerce is
easy

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 35

Question 08: Export Procedures are very long and tedious.

Strongly Agree Agree

Neutral Disagree

Strongly Disagree

Question 09: Which type of insurance you are choosing for exporting?

Open cover

Open policy

Specific policy

Question 10: Which types of risks are covered by you in insurance?

Free of Damage insurance

Fire and Sea perils

Named Perils

All risk insurance

Question 11: Which mode of payment is preferred by you?

Cash in advance

Letter of credit

Documentary collection/ Draft/ Bill of Exchange

Open account

Any other

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 36

Personal/Organisational Information

Name of the organisation:

Address of the organisation:

Contact number:

Annual sales/ Turnover:

Exports in Rupees:

Department of Business and Industrial Management, VNSGU


Exports of grey polyester yarn from Surat City 37

 RESONDENTS NAME LIST

Sr.NO EXPOTER NAME EXPORT COUNTRY


1 Surya Exim Limited Portugal
2 Shivam Group Argentina
3 Kayavlon Impex Indonesia
4 Gandhi Group Of Industries Thailand
5 Abhed Enterprise Nigeria
6 Madangopal P. Textiles Germany
7 Ghariwala Small Wear Industries UAE
8 UGB Corporation Brazil
9 Pride Filaments Bangladesh
10 Poddar Polyster Private Limited Egypt
11 Annsta International Pakistan
12 Bo Exports Kenya
13 Bahubali Textiles Saudi Arabia
14 Shree Durga Syntex Turkey
15 Jay Narrow Fabrics Canada
16 Tej Labdhi Textiles Iran
17 Ramchandra Dahyabhai Narrow Mexico
18 Sachin Texo Fab Colombia
19 Abhisekh Textile India Private Limited Srilanka
20 Zoom Synthetics Private Limited Pakistan
21 Sumilon Industries Limited Turkey
22 Harsh Yarn Private Limited USA
23 Apple Embroidery Thread Bangladesh
24 Devika Fibres Private Limited Spain
25 Kosas Industries Private Limited Mexico
26 Vineet Polyfab Private Limited Turkey
27 Murlidhar Threads Italy
28 Dropadi Tex India Private Limited Saudi Arabia
29 Ugam Impex Limited Pakistan
30 Prompt Marketing Services Peru
31 Kejriwal Industries Limited Morocco
32 Sethi Filaspun Private Limited UK
33 Aalidhra Textile Engineers Limited Brazil

Department of Business and Industrial Management, VNSGU

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