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'A Report onINDUSTRIAL VISIT'

Submitted in partial fulfillment of the requirement of the Industrial Visit in
Business Administration (MGT 3041) subject.

Reg.No :EU/IS/2008/MS/16
Index No: EU/IS/2008/946

11/05/2012


Acknowledgments
I would like to express my gratitude to all those who gave me the possibility to complete this
Industrial visit report. First, I would like to convey my deepest appreciation and gratitude to
Mr. T. Prabaharan, Dean, Faclty of Commerce and Management, EUSL for giving us an
opportunity to carry out this visit. Then, I am very much delighted to offer my gratitude to
Mr. V. Kanakasingam, Head, Department of Management, Faculty of Commerce and
Management, EUSL, who gave instructions and guidance to do this work.

Next, I would like to thank, Mr.Pushpakaran and Mrs.S.Sritharan for the valuable advice and
support they gave me during the industrial visit. I would also like to thank my demonstrators
Mr.S.Karthikasan, Ms.V.Jeyavahini, Ms.S.Darani and Ms.T.Suthargini for their guidance
during the period. My deepest thanks go to the faculty of commerce and management for
including this subject in our curriculum in the third academic year. This industrial visit has
provided me the first-hand knowledge about the organizational structure and modes of
operation in different industries. I was able to observe how the theories that I studied in the
previous 2 years in BBA programme, were practically applied in those organizations.

Then, we are very much delighted to extend our special thanks to Management and
responsible persons of VendolLanka(Pvt) Co. Ltd, Colombo Stock Exchange, Securities and
Exchange Commision, LOLC Securities, Biyagama Export Processing Zone, Kandurata
Umbrella Company and LebokalaMacwoods Tea factory for the valuable explanation about
their products and related information.

Then, I thank Mrs.F.B.Kennedy, Mr.Anuraj(Vice-President of the Faculty
Union),Mr.Dinesh(3
rd
year representative) andMr.Puvikumarwho arranged the trip and made
all the arrangements for this visit.

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Summary
This subject was included to provide us the first-hand knowledge about the
organizational structure and modes of operation in different industries.
It was requested by the Head, Department of Management, Faculty of Commerce and
Management
It was requested to submit on or before 11
th
of May.
The main findings were that about the operations of several enterprises.
It was concluded that we could visit 8 different enterprises to observe their operations
and we gained enough knowledge about what actually happens in those organizations.
The recommendations are that the industrial visit should be organized by the faculty
not by students, Places and dates should be informed to students one week in advance
for the preparation purpose.

















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Introduction
Background

Industrial Visit in Business Administration MGT 3041 is a subject in our
curriculum for the 3
rd
year BBA students of Faculty of Commerce and Management.
According to that subject, an industrial visit was arranged by the Faculty,
commencing from 23
rd
of April to 27
th
of April.
159 students and 6 staff members were participated in this visit and we visited several
organizations in Colombo, Biyagama, Weweldeniya, Kandy and Nuwara-Eliya.
After the particular visit, we were requested to submit the report about the industrial
visit.
This report has been written to provide the outcome information about the industrial
visit in business administration.
It was requested by the Head, Faculty of Commerce and Management.
It was requested to submit the report on or before 11th of May, 2012



Objectives

The objectives of this report are:

To give the details about the industrial visit
To explain the readers about the industries I visited
To inform the faculty about the drawbacks in the industrial visit
To furnish the recommendations for the next industrial visit


Scope

This report examines the basic details about the organizations, working environments,
presentations conducted by the organizations, modes of operations in different industries,
contribution to the countrys economy and the reasons for their success. It does not examine
specifically about the human resource and marketing section of the organizations. Because of
lack of time during the industrial visit, the organizations mostly explained about their
manufacturing and operating procedures only.





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Findings

25
th
of April, 2012 Biyagama free trade zone

On the 3
rd
day of our industrial visit, it had been scheduled to visit Biyagama Free Trade
Zone which is located in Malwana. We entered the Biyagama Export Processing Zone- A
in Walgama, Malwana at 9.00am. As we were in a large group, they requested us to get
into two groups. As per their request, we formed two groups. My group was taken inside the
BOI premises and the other group was taken for the site visit. We were requested to go for a
tea party and after that we went to the conference hall of the BOI.

Eng.M.K.D.Lawrance, Director(Zone) - Biyagama Export Processing Zone,
Mr.MahindaRamanayake, Senior Deputy Director(Investor Services) - Biyagama Export
Processing Zone and other senior officials were there with us in the hall. A presentation on
Biy agama Export Processing Zone was conducted by the Director, Eng.M.K.D.Lawrance for
about 1 hour. It was a valuable presentation. I have heard about BOI and Biyagama Free
Trade Zone. But, that time only I understood what actually happens in the zone. Their
system, planning, organizing, leading and controlling were extra ordinary.

He mentioned several things in the presentation:

In the beginning, he said that the concept of BOI (Board of Investment) is towards
ecologically, sustainable and environment friendly concept.

Vision and Mission of BOI

Vision of BOI

To make Sri Lanka a preferred destination for investment in Asia

Mission of BOI

To be in the forefront of achieving sustainable economic development
and employment generation by promoting and facilitating foreign and
local investments throughout Sri Lanka










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Establishment of BOI

Established under act no. 4 of 1978 as a government principle agency for
promotion & coordination of industrial development in Sri Lanka named as
GREATER COLOMBO ECONOMIC COMMISION subsequently changed
its name as BOI - SRI LANKA by the parliamentary act no. 49 1991

Told about the goals of BOI-Sri Lanka, concessions given for investors and overall
performance indicators of BOI

Performance Indicators BOI Sri Lanka

Total no. of BOI enterprises in operation - 1500
Total no. of employment 500000
Total FDI brought to the country in 2011 US$ 1Bn (Appr.)
BOI Contribution to country out of 70%
industrial exports
FDI target for 2012 US$ 2Bn

After the introduction of BOI, he explained about the Biyagama Export Processing
Zone Their profile

General Profile of Biyagama Export Processing Zone

Total Area - 450 Acres
Industrial Area - 238 Acres
Lease Premium for 30 years - US$ 50,000 per acre
Annual Ground Rent - US$ 4,235 per acre
Enterprises in Commercial Operation - 57 Nos.
Total Investment - US$ - 305 Mn.
Number of Closed down Enterprises - 04 Nos.
Present Employment (End of July 2011) - 22,500

Then he explained the organizational structure of Biyagama Export Processing Zone
and their services

Services provided by the Biyagama Export Processing Zone for the investors

Industrial Relations
Engineering Services
Investor Services
Environment Monitoring
Zone Management
Fire Aspects
Security Aspects
Internal Audit
Finance Services
Verification Services








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The services provided by the Biyagama Export Processing Zone were amazing and I
observed how they attract the investors through those valuable services. Because of
this attraction, there are already 55 enterprises in operation. Among them Ansell
Lanka(Pvt) Ltd, Ocean Lanka(Pvt) Ltd and MAS Active (Pvt) Ltd are the leading
enterprises.

Then he presented about the projects under construction, Import/Export performance,
major issues at the zone limitations and future plans of the zone.

After his presentation he requested us to raise questions not only about their
administration but also about anything regarding the zone. Some questions and their
answers as follows:

Questions by Students Answers by senior officers of the zone
1. Mr.Dinesh asked the 1
st
question
You are providing some concessions
for investors in manufacturing
industry. But, in your first
presentation you mentioned that there
are emerging opportunities in tourism
and leisure section. Therefore, are you
providing any tax concessions to
investors in the tourism sector?
Yes. There are two types of investments;
Export oriented investment and Non-Export
oriented investment. Manufacturing
industries like garments fall into the 1
st

category, but tourism industry falls into the
Non-Export oriented category. We provide
tax concessions for the 1
st
category while
importing of capital goods and raw materials.
But, as there are no raw materials in tourism
industry, we provide tax concessions for only
importing of capital goods.[Fixtures, A/cs]

2. Mr.Puvikumar asked the 2
nd
question
We have internship training in
business administration in our
curriculum in the final year. Our
students normally are sent to
organizations in Batticaloa district
only. But, we would like to have our
training in the organizations in your
zone. Is there any possibilities for
that?
Yes, we also would like to train you through
our organizations. Please make a proposal
through your faculty and we will make the
arrangements


Then I addressed the vote of thanks and we were taken to the site visit. Some officers
from BOI came with us to explain about the places in the zone. We went to the
Common Wastewater Treatment Plant to see how they oxidize the waste water. There
we saw maturation ponds, setting tanks, lagoons and oxidation ditch. The officer
explained us how they oxidize the waste water and resend that to Kalani paddy fields.

Then we were taken to the MAS Active (Pvt) Linea Intimo which is at Lot 89A in the
zone. We entered the company at 11.30am and left at 4.00pm. Mr.G.Charaka
conducted a presentation about MAS HOLDINGS(Pvt) ltd before the lunch and
Ms.Rukshi conducted a presentation on MAS Active (Pvt) Linea Intimo after lunch.


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Background information about MAS HOLDINGS (Pvt) Ltd

Product : Apparel Manufacture
Technology : Santoni Circular Knitting Technology
Target in 2012 : 1Bn
Established : 1986
Employees : 50000
No. of factories in Biyagama : 06(7
th
will be opened in June)
Names stand for MAS : M MAHESH AMALEAN - Chairman
A AJAY AMALEAN Deputy Chairman
S SHARAD AMALEAN CEO








Conclusion

According the subject MGT 3041, we participated in an industrial visit in business
administration between 23
rd
of April and 27
th
of April.

On the 1
st
day(23
rd
of April), we visited Vendol Lanka(Pvt) Ltd and observed their
operation.

On the 2
nd
day(24
th
of April), we visited CSE(Colombo Stock Exchange),
SEC(Securities and Exchange Commission) and LOLC Securities(Pvt) Ltd and
observed their operations.

On the 3
rd
day(25
th
of April), we visited Biyagama Export Processing Zone and MAS
Active(Pvt) Linea Intimo and observed their operations.

On the 4
th
day(26
th
of April), we visited Kandurata Umbrella Company and observed
their operations.

On the last day(27
th
of April), we visited lebokalaMackwoods Tea factory and
observed their operations.

After visiting the organizations, I gained a wide knowledge about the operations of
the companies and the working environment in those companies.