You are on page 1of 50

Role of FICCI in Indian Export

Introduction to Chambers Of Commerce

The chambers of commerce and industry are established on regional bases. They assist export promotion in a numbers of ways. Its membership is open to all the members of trade and industry. They provide suggestion and recommendation to the government on various issues concerning trade and industry including export marketing. The government while framing import and export policies does accept their suggestion. They help the exporters in issuing the certificate of origin and taking up specific cases of exporters to the government. The chambers of commerce also provide information and it provides a forum to their members to discuss the problems arising out of policy matters. They also organized workshops, seminars, and short training coerces in order to guide their members on export aspects. They do send trade delegations abroad and invite trade delegations from abroad. FICCI works closely with the government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialised services

and global linkages. It also provides a platform for sector specific consensus building and networking

INRODUCTION TO FICCI
Federation of Indian chambers of commerce and Industry (FICCI) was set up in 1927, at the instance of Mahatma Gandhi; FICCI has grown over the years to represent, directly or indirectly, over 250,000 business enterprises employing around 20 million peoples. FICCI has evolved as a true partner in progress with the government. Within the country, FICCI has been playing a pivotal role in the formulation of major economic policies. Working through expert committees for almost all areas of economy, FICCI has encourage and adopted strategies for grater private sector participation, free market, enhanced global trade and foreign direct investment. Acting as a change, FICCI has contributed significantly to the development of th economy. FICCI operates through 74 joint business counsils (JBCs) with many countries and several other commercial alliancesand MOU partners.

Another vehicle for the international division is the destination India events organized jointly with the government of India with international offices in UK, USA, Germany, China, UK, USA, Germany, China,Malaysia and Singapore. A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. FICCI has direct membership from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 83,000 companies from regional chambers of commerce

FICCIs Agenda for Managing the Challenging Economic Scenario

Background 1. Growth so far has been primarily private investment led.

2. The fundamental Indian Economy remains structurally strong and the current international banking crisis has left the Indian banking sector relatievely untouched.. 3. How ever the many month of tight monetary policy and its consequent effect on drying up domedtic liquidity had forced Indian companies to look for financing t h e Domestic banking sector

on account of the International Banking crisis have created a situation of deep concern and threat for the real economy and all the players in it.

r e a l economy Serious, deep and systemic which will come back and haunt us a few years down the road.

6. Do not focus on stock market alone; focus on Real Economy

. So what are the steps required? The steps are broadly

A) Financial sector oriented

i. Liquidity,

rate

cuts

and

Risk

aversion,

sectoral

stabilization fund a. FICCI believs that liquidity that has been infused in to the market following recent CRR cuts would be quickly absorved to meet the outstanding commitments.
b. Cut repo by another 50 basis points immediately and

bring it down to 5% in the near term. This would send a


strong signal to the banks to revise their PLR downwards. c. FIICI proposes sectoral stbilizaation fund dor sector where risk aversion has suddenly shot up and liquidity is not forth coming..

ii. Risk Aversion and Credit flows to small and medium sector as well aslarge projects, (Issues of crowding out by the Public sector and Subsidy bills, a. Bank must completely daliver on all sanctioned loan limits to corporate. b. . C r o w d i n g o u t o f P r i v a t e s e c t o r f r o m c r e d i t m a r k e t s s h o u l d n o t happen with liquidity being used for fertilizer and petroleum subsidies iii. Recapitalize Banks give them the Rs.50, 000crore on agricultural loans immediately. Iv. Protecting against systemic defaults by NBFCs by

converting them to Banks and bringing them under regulation. v. Bring the focus back on FDI and attract sovereign funds (SWFs).

a.Government to lift foreign investment restrictions and review capsin sectors like insurance, telecom, multi-product retail and aviation vi. Boost NRI deposits a. Deposit rate on FCNR and NRE to be increased by 50 bas is points. Further, rules related to deposit period may also be relaxed to boost NRI transfers. b.Real Economy oriented

i. Reduce Railway Freight Rates by changing classification .ii. Exporters a. Refunds from excise department to be made in 7 days instead of current 90 days Credit lines for good credit worthy exporting companies to be made available since LCs and international credit lines are not being accepted.iii. Domestic. Existing sanctioned project loans should be disbursed expeditiously. b. Public investment needs to be accelerated to pump prime thee conomy through increased infrastructure projects. c. Sectoral stabilization fund where specific risk aversion is high and liquidity is not forthcoming. d.Consumer demand to be stimulated (Housing and consumer durable financing to restart). FICCIs view is that this agenda must be implemented

systematically and completely to prevent the threats to the Economy that are real. The focus on the financial sector is important but not enough. The downstream Real sector and their issues for both the Large and small/medium AND Exporters (whose cause FICCI has been advocating for long) have to be addressed to ensure that there is amage to the real economy.

Role of FICCI

The main role of Chambers of Commerce is to project good image of Indian products.
Collection of Information

It collects valuable information on overseas imports, import regul ations, about competitors, market potential and other developme nts in foreign trade. Supplying Information It provide information on latest developments in the field of export trade. It may relate to various aspects of foreign trade. Suc hinformation is vital to the exporters to promote their sales abroad. Organizing Seminars It organizes seminars, workshops, discussions, meetings,

conferenceson various aspects of foreign trade. Exporters are invi ted to suchseminars and workshops. Trade Fairs & Exhibitions

It may also assist the concerned authorities in organizing trade fairs and exhibitions in India and abroad. It may also assist the exporters to take part in such trade fairs and exhibitions. Advising the Government It apprises or advises the government on current export problems and suggest measures for export growth. It also advises the government in framing proper export import policies from time to time. It may recommend certain modifications in the existing government policies and programmers. Invite Trade Delegation It may invite trade delegation from abroad both at private level and at government level. Such trde delegations are very important to promote export trade of India. Foreign delegations visit India and sign contracts with Indian exports. Send Delegations Abroad It may undertake the responsibility of sending trade delegationsa broad comprising Indian businessman. Indian parties may visit abr oad and enter into contracts with overseas buyers. Thus, foreigntrade of India can be expanded. Professional Advice It may offer professional advice to exporters in areas such as technology up gradation , quality and design improvement, standards and specifications, product development, innovation,

etc. Such advice goes a long way to improve product and organizational efficiency of the exporters. Exploration of Overseas Markets It may assist the exporter in exploration of overseas markets an d identify the items havig export potential. It may guide the exporter in setting up of joint ventures in abroad. Developing Export consciousness This organization makes all possible efforts to develop export consciousness In our country.This is because there is a great need for exports for a country like ours so as to earn foreign exchange. Other Functions It may fix minimum floor price or may advise the government in fixation of such floor price.

Services offered by FICCI:

o Business Information Services Network(BISNET) o Energy Conservation o FICCI Arbitration and Conciliation Tribunal (FACT) o FICCI Ladies Organization o FICCI'S National Initiative Against Piracy & Counterfeiting o FICCI Trade Facilitation Forum (FTFF) o FICCI Quality Forum o Foundation of Research, Training and Education Insurance (FORTE) o Institute of Intellectual Property Development o Resource Conservation & Management o Resource Accounting & Resource UseOptimization o Environment Management Services o Sustainable Energy Management o Water Audit & Conservation o Project / Program Management Consultancy o Capacity Building o Water Audit Services in

Current State of Indian Economy September 2008 Federation of Indian Chambers of Commerce and Industry New Delhi----Recent Trends in Indian Economy.

Industrial Growth:
The recent data on industrial production for july 20008 shows an improvement in the industrial growth over previous months. T h e i n d u s t r i a l growth was found to
gradually pick up in July 2008-09 compared to the growth posted in the previous months of this year. However the growth during the four - month period (April- July) of the current fiscal remains much lower than growth number recorded in the corresponding month of the last fiscal. During the April-July period of 2008-09 growth in the manufacturing and electricity sector accelerated compared to the growth registered in the previous months of this year. However the growth performance remains weak when compared to the growth of last fiscal. The increase in production was witnessed only in the mining sector surpassing the growth posted in the previous year. Further following the use-based classification we see growth in secondary and basic goods in July2008was subdued as against the growth in the samemonth of the previ ous year. Output in the capital goods sector however increased by 22% in July this year compared to 12.3% increase in the same month of previous

year. The growth in the consumer goods came mainly from the consumer durables segment that increased by 11.2% compared to the negative growth posted in the corresponding month of last year. In the period of July 200809 growth in seven among theseventeen industry sectors namely food produ cts,beverages and tobacco, paper, metal products,machinery, transport equi pments and other manufactured items exceeded the growths posted in the previous year. While basic metals, nonmetallic minerals and basic chemicals slowed in July 2008-2009. compared to the corresponding month of the previous year, production of 6 i ndustry sectorsnamely rubber, leather, wood, jute, wool and cotton was found to drop.

CORE INFRASTRUCTURE INDUSTRIES :


Growth in the core infrastructure industries slowed during the four-month period of the present fiscal compared to the growth in the previous fiscal during the period of April-July 2008-09 compared to the same period of last year. On all the other sectors the production growth slowed down compared to growth logged in last year there was a strong slippage in the production of crude petroleum during these four months.

Inflation Trends
The average WPI based inflation rose from an average of 12.2% in July to 12.5% in August this year. In the week ending 13th September 2008 the WPI based i n f l a t i o n s t o o d a t 12.14%. During this time last year the annual rate of inflation stood at

3.51%. The sharp difference in the rate of inflation between now and last year has been mainly on account of a sharp rise in the price index of fuel and some manufactured items. Measures to curb the rising food articles and other manufactured commodity prices have been put in place, however these only showed a marginal impact on the rising price index. The fall in fuel prices from its peak USD 147/ barell to below 100/ barell yet to be catched in the recent price index.

Stock Market Trends


Number of events of political nature and events in the financial markets impacted the stock markets adversely. After the major drop in the 30 stock index sensex in July to 13K the market somewhat recovered in August rising 15k points before dropping 14.5 k points in sept 2008. The recent numbers show that the market slid further by another 500 points going bellow 13k points due to uncertainties in the global domestic market.

Foreign Trade
Despite odds (raw material prices, high borrowing rates, losses due to forward contracts) the country did export goods worth USD 60 billion, posting 24.6%growth during the first four months 200809 as compared to 18.22% in the previous year. The reason ascribed to high exports growth was, increased demand in some of international markets. The weakening of Rupee has helped the exporters to recover their (those who have not hedged their funds) losses made in the past. However, those who hoped for aforward covering those days

when rupee maintaining Rs 38-40, failed to insulate themselves from the quick and sharp weakening of Rupee. The import bill swells due to obvious reasons and widens the trade deficit even further.

Trends in the Exchange Rates


Weakening of the domestic currency against the USD benefited the exporters. However in the present context, weakning of the rupee/USD favored asection of exporters that choose not to hedge at the time of strong Rupee-Dollar movement. It was absorved that i n S e p t e m b e r 2 0 0 8 R u p e e w a s r u l i n g a t R s 4 7 / U S weakening by about 20% since January 2008. The present (September) exchange rate of Rupee / Euro was also found

to weaken by about 17-18% over the exchange rate in January 2008.

MANUFACTURING HUB
Currently there is no homogeneity in luxury, fashioned lifestyle sector. This disparate burgeoning industry looks towards FICCI to initiate a dialogue among key players in luxury and fashion. FICCI has therefore created FICCI Lifestyle Forum Industry in to promote the development of the Luxury Goods.

India with specific interest of encouraging Indian Lifestyle brands to emerge. Inthe same vein International Luxury houses will play a key role for sustainable development of India luxury market and simultaneously create a manufacturing hub locally in India. The forum would have representation globally luxury brands, Indian fashion brands, lifestyle products,design houses and bespoke services. The launch and inaugural round table on goods and fashion industry. India is soon moving away from being a backwater to handmade-handcrafted in India tagline' becoming solicited in luxury circles. A New Revival is on the cards in India as FICCI aimsto develop the Luxury Goods and Fashion Industry and open dialogue with Industry bodies, fashion and private equity and investment for growth of India Indigenous Luxury' . I n September 2008 Rupee was ruling at Rs 47/ US

weakening by about 20% since January 2008. The present (September) exchange rate of Rupee / Euro was also found to weaken by about 17-18% over the exchange rate in January 2008.

FICCI lifestyle forum

What will sponsors or attendees benefit by being a part of FLF and the launch (attach sponsorship grid and payment gateway) the launch FICCI lifestyle forum will bring together key players in Indian luxury sector to initiate membership interact, dialogue and promote India as afuture manufacturing hub for global fashion and luxury goods. The sponsors will gain an edge with their association with the forum and media coverage as this the first business forum and fashion lifestyle sector in India. They will be involved in future roundtable and shape policies conducive to develop India Indigenous brands and development of luxury
sector in India, as members of FICCI Lifestyle Forum. Our next Endeavour, FICCI lifestyle forum comite Colbert meet is confirmed on ist October in Paris exclusively foe FICCI lifestyle forum members further participation detail will be available shortly.

1. Who should attend and be a member of the FICCI Lifestyle Forum 2. Indian Brands looking at creating luxury positioning 3. Luxury Brands entering India from France, Italy, Germany, US, UK 4. DIPP and Ministry Brand Franchisee's who have entered into JV'sof 49-51% partnership 5. of Commerce and Industry 6. Real Estate majors 7. Luxury Hotels and Spas, Oberoi, Ananda spa, Taj Aman resorts. Four seasons ayurveda resorts. Spain,

8. Luxury Airlines 9. comite Colbert france altagamma Italy wallpole UK luxury institute US to effectivelyutilize our partnerships with these countries. 10. Ministry of Human Resources for Skill development of crafts and promote Employment and Education 11. Ministry of Civil Aviation

12. Lifestyle and Fashion Editors Vogue, Verve, L'officiel

13. Be a member of the FICCI Lifestyle Forum

14. Be a member of the FICCI Lifestyle Forum 15. As a member you will gain an edge by associationwith the FICCI Lifestyle Forum, as this is the first business forum on fashion and lifestyle sector in India.Our next meeting for FICCI Lifestyle is slated for 1st October with Comite Colbert in Paris for our members. Members will be involved in future roundtables and shape policies conducive to develop India Indigenousbrands and development of luxury sector in India In lieu of services and platform rendered by FICCI for organizing:

16. Roundtables of FICCI Lifestyle Forum in France, Italy and India 17. Tabling issues and creating impetus for Indian Luxury Brands to emerge and sustain 18. Provide reach through B2B's with key markets in France, Italy, Spain for skill-integration 19. Events and road shows with Committee Colbert, Walpole 20. Education and employment generation in this sector. 21. Support the sector growth by mou's with International training institutes in lifestyle, fashion and design - Essec, Paris, SDA Boccioni, Milan, FIT, New York 22. Nurture Indian talent for future of the lifestyle sector and India Indigenous brands.

BRIEF PROFILE
FICCI is the rallying point for free enterprises in India. It has empowered Indian businesses, in the changing times, to shore up their competitiveness and enhance their global reach. With a nationwide membership of over 1500corporate and over 500 chambers of commerce and business associations, FICCI espouses the shared vision of Indian businesses and speaks directly and indirectly for over 2,50,000 business units. It has an expanding direct membership of enterprises drawn from large, medium, small and tiny segments of manufacturing, distributive trade and services. FICCI maintains the lead as the proactive business solution provider through research, interactions at the highest political level and global networking. Set up in 1927, on the advice of Mahatma Gandhi, FICCI is the largest and oldest apex business organization of Indian business. Its history is very closely interwoven with the freedom movement.

FICCI inspired economic nationalism as a political tool to fight against discriminatory economic policies. That commitment, drive and mission continue in the ever-changing economic landscape of India, chasing always newer agenda. In the knowledgedriven globalize economy, transparency, FICCI stands for and quality, businesscompetitiveness, accountability

government-civil society partnership to spread ethics-based business practices and to enhance the quality of life of the common people

Core Competence
1. 2. 3. A reservoir of experience and expertise indiverse fields Quality service provider Forum for continuous government-industryinterface for evolving a shared vision oneconomic matters 4. 5. Information superhighway for corporate in India and abroad Rallying point for track-two businessdiplomacy for promoting global trade and investment 6. 7. Professional Committees on all segments of the economy Highly trained, experienced and accomplished multidisciplinary

intellectual capital as its Secretariat

8.

Internationally

acclaimed

state-of-the-art

office

infrastructure

for

conferences, board meetings and business consultations 9. Specialized organizations and think-tanks toaddress the present and futuristic issues and challenges 10. Strong database with connectivity to everyconceivable networks to access and providedata online to industry, government and business organizations 11. Professional approach for evolving quicksolutions to economic and industrial issues 12. Perspective groups to visualize the futurechallenges and requirements of the industry 13. International Business Forum to help and guide overseas business partners 14. Institutionalized advisory groups to providecustomized consultancies in quality assurance, 15. 16. energy auditing and sustainable and environmental issues A state-of-the-art food testing laboratorywhich has been the referral point for theemerging multi-billion food industry in thecountry 17. Well-conceived social outreach programmerstargeted at the civil society

18.

Strong global connectivitys

Executive Committee
The Executive Committee of FICCI consists of industry leaders who hold a pride of place in thebusiness landscape of the country. Among them aresome of the key innovators, wealth creators and employment providers. Their contributions to thenational economy are immense and varied.

Intellectual Capital
Highly qualified multidisciplinary Secretariat consisting of economists, MBAs, IT professionals, fiscal and financial analysts, lawyers, etc., who can provide business solutions and guidance on industry issues like quality, market access, taxation, economic policies, etc. The intellectual capital is ever-expanding to address newer areas and wider issues.

FICCI National Affairs


FICCI has played a proactive role in evolving theeconomic policies of the nation both in the pre- Independence and post-Independence period. TheGovernment has been consulting FICCI whileevolving and implementing all major economic policies of the country. The Government of India Act of 1936, Bombay Plan, Five-Year Plans, etc. are some of the major economic policy instruments that werediscussed threadbare in the FICCI forum. That committees of partnership between the Government and FICCI continues. Thirty-four specialized FICCI on diverse segments of the economy grapple with sectoral issues on a day-to-day basis to provide solutions to business and to suggest pragmatic policies to the Government.

Global Connectivities
From Nikita Khrushchev to Vladimir Putin, President Eisenhower to Clinton were the hosts of FICCI. That unique international networking and interactions at the highest level have helped the Indian business community to expand their business horizon. From the League of Nations (the precursor to the United Nations) to the World Trade Organization (WTO), FICCI has maintained organic relationships, which have blossomed into effective partnerships and exchange of ideas. Consultations with the heads of multilateral organizations like UNIDO, UNEP, ILO,GATT, WTO, World Bank, IFC, WIPO, ADB, etc have been a feature of FICCI activities to strike credible communication channels with these organizations to amplify the business point of view on developmental matters. These track two business consultations with multilateral organizations have resulted in forging effective partnerships in implementing projects and reinforcing the views of developing countries in the global development agenda.

Joint Business Councils


Joint Business Councils (JBCs). FICCI's track twobusiness diplomacy with India's trading partners,open with up new business opportunities to Indianbusinessmen overseas investors, technologysuppliers,

multilateral and bilateral fundingagencies. JBCs formed with over 69 countries, including the US, Japan, South Korea, Australia and the People's Republic of China regularly meet to takestock of the bilateral issues and to frame newer policy initiatives to take the two-way trade and investment to newer heights.

FICCI is also the nodal point for the Indian Chapters of:
1. Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) 2. G-15 Federation of Chamber of Commerce, Industry and Services (G-15 FCCIS)

3. 4. 5.

Indian Ocean Rim Business Forum (IORBF) International Chamber of Commerce (ICC) SAARC Chambers of Commerce and Industry

Allied Organizations Forum of Parliamentarians


1. 2. 3. 4. 5. 6. 7. The India-U.S. Forum of Parliamentarians The Indo-British Forum of Parliamentarians The Indo-German Forum of Parliamentarians The India-European Union Forum of Parliamentarians The India-Japan Forum of Parliamentarians The India-Singapore Forum of Parliamentarians The India-Pakistan Forum of Parliamentarians

Annual General Meetings


Annual General Meetings of FICCl have beenimportant national economic events. Thecontemporary developmental issues facing thenation are discussed and debated by the political leadership, business and the

academia. These events have helped the Government of India to take stock of the developmental initiatives and to evolve policy corrections based on industry responses. FICCI has always stood behind the nation in the hour of crisis. It is committed to free enterprise and competition. That is the key to enhance the quality of life of the people and to build a new, dynamic and vibrant India. Think Tank FICCI Think Tank consists of eminent economists, planners, civil servants and industrialists who meet regularly in structured monthly meetings to discuss important macro level issues confronting the nation. A background note for the meetings is usually prepared by one of the distinguished economists and final recommendations will be submitted to theGovernment.

Structure World-Class Infrastructure


Located in the heart of New Delhi, in a sprawlingcompound, FICCI headquarters have the world-classinfrastructure. There are seven different halls havingcapacities ranging from 16-600 - a meeting hub for business leaders.

FICCI Lifestyle Forum


Comite Colbert Roundtable - October 1st 2008, Paris

In keeping with our dialogue with partner countries FICCI signed an MOU with Comite Colbert on 1st June 2006 to promote dialogue and creativitybetween Indian and French brands in 2006. To further this endeavor, The first meeting is going to be in Paris on October 1st for FICCI LIFESTYLE FORUM-COMITE COLBERT Roundtable- a joint Indo-French endeavor for the Indian Lifestyle Industry.Comte Colbert of France, a huge umbrella which, holds the names of 68 French luxury brands under one roof. In this meet CEO's and Heads from French brands will interact with Indian brand CEO's and owners of India Indigenous brands to create and sustain a dialogue, and help inward and outward integration in this sector.The half day programme and delegation will be led by Mr. Ness Wadia asChairman and Mr. Mehul Chowksi Co-chairman of Ficci Lifestyle Forum on 1st October, 2008. Hon'ble Minister of Commerce and Industry Shri Kamal Nath has agreed to preside over the meeting and deliver keynote address.This is a rare opportunity to create dialogue, develop synergies and exchange best practices with French Luxury Brands. An Overview Federation of Indian Chambers of Commerce and Industry (FICCI) has collaborated with the world'sleading organization for quality in the USA,namely, the American Society for Quality (ASQ). A Memorandum of Agreement (MOA) was signed between the two organizations at a signingceremony held on May 18, 2005 at Seattle at the time of the ASQ's World Conference on Quality and Improvement. The Annual Conference which beganon May 15, 2005 culminated on May 18, 2005 withthe signing of the Agreement. Over 2000 delegatesincluding 220 international delegates attended theannual International event in its 59th year of functioning. Federation of Indian Chambers of Commerce and Industry as the National Apex Chamber of Commerce and Industry with headquarters in New Delhi and offices in several Indian States and overseas has a special wing for education, training,consulting and carrying the quality movement in India for over 15 years. It is now, popularly knownas the FICCI Quality Forum (FQF).

FICCI Quality Forum

FICCI Quality Forum (FQF) is the management consulting division of FICCI.FQF is facilitatingbusiness organizations in India and other developing countries to enhance global using competitiveness the best through training and consultinginterventions practices adopted byleading

companies in the world. To get theknowledge and training skills on latest management tools and techniques, FICCI hasnetworked with premier global knowledgeresources such as American Society for Quality,USA, LEAN Enterprise Academy, UK, Kaizen Institute, Japan etc.

American Society for Quality


The American Society for Quality (ASQ) is theworld's leading authority on quality. With more than 100,000 individual and organizational members,this professional association advances learning,quality improvement, and knowledge exchange toimprove business results, and to create better workplaces and communities worldwide. As champion of quality movement, ASQ offerstechnologies, concepts, and training to quality professionals, quality practitioners, and everydayconsumers, encouraging all to Make Good Great. ASQ provides professional training and certificationthat are considered as global benchmark and utilized by leading organizations around the world to set objective criteria to assess competency of quality professionals.

ASQ & FICCI Professional Certified Training Programs Offered in India Lean Manufacturing Lean Service Six Sigma Black/Green Belt (CSSBB/CSSGB) Lean Six Sigma Black/Green Belt Lean Six Sigma-Champions training Lean Six Sigma-Executive training Certified Manager of Quality & Organizational Excellence (CMQ/OE) Certified Quality Engineer(CQE)

FICCI Suggestions for the R & D Policy of Indian Textiles Sector

FEDERATION OF INDIAN CHAMBERS OF COMMERCE & INDUSTRY

FEDERATION OF INDIAN CHAMBERS OF COMMERCE & INDUSTRY

Introduction

Currently, Indian Textiles sector contributes about 14% to industrial production, 4% to the GDP, and 17% to the country's export earnings. It provides direct employment to over 35 million people. The Textiles sector is the second largest provider of employment after agriculture. However, the Indian textiles industry has only a small fraction of revenue derived from innovative, technology intensive or emerging products. Our strength has very much been in commodity products susceptible to intense the textiles competition and few entry barriers. FICCI believes to make

sector fundamentally strong and foray in emerging areas, there is a need to develop a comprehensive R & D policy for Indian Textiles sector.

FICCI has suggested below some of the outlines of R & D policy for Indian Textiles Sector.

Objectives

To achieve significant share of Indian textiles in global markets of advance technology based products and high value added items and strengthening the capacity of domestic stakeholders in the area of environmental friendly textiles. Research to be need based & industry focused. To develop new processes and innovation for productivity improvement and cost reduction To facilitate adoption of new materials. Competitive edge for Indian textiles industry will come not only from improvement in processes but also by as nano technology, adoption of new materials. Give special attention to emerging areas such plasma technology, bio-technology, membrane technology and energy management etc

FEDERATION OF INDIAN CHAMBERS OF COMMERCE & INDUSTRY


To explore and apprise industry about environment management, ecofriendly processing, carbon credit etc Special focus on materials that reduce carbon footprint and are obtained from renewable sources. Encourage adoption of advance synthetic fibers and understand the applications of genetic engineering, bio-technology, and cellular biology in both natural and synthetic fibre-base deepening efforts for Innovations in design & development

To encourage IPR adoption in Industry.


Focus R&D initiatives on high-end product development in apparel, home and technical textile areas Encourage Indigenization of imported machines and equipments

Spread knowledge on state of the art products and processes

Government Support
Formation of a National Textile of Government, Research Council institutions, with and

participation R&D in the country.

academia

industry which will act as a steering committee to initiate and monitor Government could create a National Consortium which should bring together various stakeholders in the Textile value chain to quickly adopt new technologies. Financial support in the form of Grants for State-of-the-art machines and equipment (spinning to garment processing) at each TRA and leading

Government/Government- Aided Engineering colleges/institutes to carry out research on latest and emerging technologies. Special incentives for easy adoption of those technologies that reduce carbon footprint.

FEDERATION OF INDIAN CHAMBERS OF COMMERCE & INDUSTRY


There should be ongoing review and evaluation of research work to ensure benefits from R&D to the industry. Awareness on practices and on intellectual property to encourage innovation National R&D Awards to industry for development of new products & processes in textiles.

Industry-Academia Linkages

PPP Models for the projects undertaken by Educational Institutes and the TRAs on applied research and need based and industry focused research. Frequent Industry-Academia interaction to include industry requirements and update course curriculum of different colleges and research institutes Incentives could be given to Academia based on industrial relevance of their research and development work and matching funding from Industry. Empanelment of industry experts on Academic Advisory committees of the colleges /institutes of textiles the research work should be applied in nature and relevant to the needs of the industry

International Linkages

International experts should be at the board/ advisor level in Indian Research Institutes Sign MoUs with leading international research institutions for conducting joint research projects

FEDERATION OF INDIAN CHAMBERS OF COMMERCE & INDUSTRY


Sign MoUs with leading universities/institutes/colleges for conducting

joint academic programmes at Under Graduate and Post Graduate levels Measures to promote technology development and innovation

Government the industry

can

adopt

innovative

technology

either

locally

or

internationally developed into their own program to serve as role models for

Create Incubation centres for technology transfer and acceptability by the industry Benchmarking domestic R&D spend with other countries both at national level and firm level

Future Areas to Concentrate

Sustainable solutions in the textiles industry are the need of the hour. There should be increasing research on developing practical recycling technologies that can take existing Synthetic fibers back into the textile supply chain. Development of specific and multi functional textiles Development of eco-friendly & sustainable linkages is key to competitiveness Research on making the existing processes more energy efficient Development of coated textiles for various sports and multifunctional applications IT integration of the industry Development of protective textiles (bacteria protective, ballistic resistance textiles etc.) Development of composites for automotive, aerospace and application Development of non-wovens for apparel, medical and specialty applications. Development of electro-textiles for communication and health monitoring. architectural

FEDERATION OF INDIAN CHAMBERS OF COMMERCE & INDUSTRY


Design & Development of Indigenous textile production machinery,

instrumentation and automation Development of new medical devices based on textiles materials

Allocation of funds

National Textile Research Council : Rs. 30 crore (Seed Money) + Rs. 10 crore (Annual Grant)

TRAs (Rs. crore)

(Textile

Research

Associations)

Funds per Total 1 For 5 se TRA Funds year years For 8 Machine and4 20 160 TRAs Grant for research2 10 80 Equipment Non-Plan Grant 2 10 80 projects Total (A) 8 40 320 For

Purpo

Government/Government (Rs. crore)

aided

Engineering

Colleges

Purpo se Machine Total (B) Equipment

Funds CollegeFor For 1 and1 year 1 5years 5

per Total 5 Funds 19 95 95 For

Total Funds needed for 5 years: Rs. 495 crores

CERTIFICATE
This is to certify that Mr.Nitin Bansal , Student of BBA (B&I) 2008-2011 has done her live summer training project under my guidance and supervision. She has completed the project titled ROLE OF FICCI towards the partial fulfillment of Bachelor of Business Administration (Banking & Insurance) from Guru Gobind Singh Indraprastha University under my guidance. During her project she was found to be dedicated, sincere and attentive to small details whosoever told to her. I wish her luck and success in future. (Ms.Sonali Sharma) Project Guide

ACKNOWLEDGEMENT
The present work is an effort to throw some light on ROLE OF FICCI. The work would not have been possible to come to the present shape without the able guidance, supervision and help to me by number of people. With deep sense of gratitude I acknowledged the encouragement and guidance received by my organizational guide Ms.Sonali Sharma and other staff. I convey my heartful affection to all those people who helped and supported me during the course, Especially Ms.Sonali Sharma, Internal Faculty (KRCHE). I am also thankful to Ms.Richa Sharma, Project Coordinator for their guidance throughout the project. NITIN BANSAL Enrollment No. : 07919301710

REFERENCES
WEBSITES http://en.wikipedia.org/wiki/Advertising www.ficci.com/about-ficci.asp www.thehindu.com/business/article217162.ece

Books Gupta, C. B , Publisher: Sultan Chand and Sons 2008 , 2nd revised ed. Jhingan, M.L, Practices of Banking Laws, Edition 2007. Gorden.k, Natrajan.k, Banking Theory, Law and Practices (2008),

Himalayan Publications, 20th Revised Edition.

REASEARCH METHODOLOGY
Market research is often needed to ensure thatwe produce what customers really want and not what they think they want. It is a way to systematically solve the research problem it may be understood as a science of how research is being done scientifically, understand it be the study the various steps that are generally adopted by a researcher in study his research problem along with logic behind them. It is necessary for the researcherto know not only the research mathodology. It refers to a search for knowledge. Research is this and original contribution to the existing stock of knowledge for its advancement.

It is persuit of truth with the help of study. COLLECTION OF DATA:There are two sources of data collection1. PRIMARY SOURCE:It involves collecting the information fromits origin. Primarydata is the first hand information collected by the marketer. This method of data collection is expensive and time consuming. 2. SECONDARY SOURCE:It involves using information that others have already put together. When we collect information through public sources it is known as secondary data collection.

TYPES OF RESEARCH
DESCRIPTIVE A form of conclusive research that aims to describe a product or market or identified association among variables. EXPLANATORY In the explanatory research each and every thing is well explained. A style of reasearch in which the primary goal is to understand the nature or machenism of the relationship between the independent and dependent variables. EXPLANATORY This reasearch is conducted in to an issue or problem where these are few no earlier studies to refer. The focus is on gaining in sites and formality for later invetigation. Here data is often quantitative and statistics applied. It is used to identify and obtain information on a particular problem or issue .

Finally casual or predictive reasearch seeks to explain what is happening in a particular situation.