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Govardhan Final Report
Govardhan Final Report
CHAPTER-01
INTRODUCTION
Production
Production is a fundamental economic activity that involves transforming inputs, such as raw
materials and labor, into finished goods and services. This process is essential for satisfying
human needs and wants, driving economic growth, and enhancing the quality of life. The scope
of production extends across various sectors, including agriculture, manufacturing, and
services, making it a cornerstone of both microeconomic and macroeconomic analysis.
Key Concepts:
• Inputs and Outputs: The basic premise of production involves converting inputs
(resources like raw materials, labor, and capital) into outputs (goods and services).
• Value Addition: Production adds value to inputs by converting them into more useful
and desirable products, thereby increasing their market value.
• Economic Significance:
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Business Relevance:
Historical Evolution
The concept and practice of production have evolved significantly over time, shaped by
technological advancements, economic theories, and societal changes.
Industrial Revolution:
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Types of Production
Production can be broadly categorized into three types based on the nature of the output and
the processes involved:
1. Primary Production:
2. Secondary Production:
3. Tertiary Production:
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While often used interchangeably, production and manufacturing have distinct meanings:
• Production: A broad term encompassing all processes involved in creating goods and
services, including extraction, processing, and assembly.
• Scope: Production includes both goods and services, whereas manufacturing is limited
to goods.
Case Studies:
Plastic production
Plastic production is a major global industry with significant environmental, economic, and
social impacts. Here’s an overview of the key aspects related to plastic production:
Types of Plastics
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Raw Materials
Plastics are primarily derived from petrochemicals, which are obtained from crude oil and
natural gas. Key raw materials include ethylene, propylene, butadiene, and styrene. Production
Processes
1. Polymerization: The chemical process that links monomers (small molecules) into
polymers (long chains of molecules). This includes:
3. Molding and Shaping: The compounded material is then shaped using various
methods, such as:
Plastic production involves various techniques, each with its own advantages and
disadvantages. Here are some common plastic manufacturing methods:
1. Injection Molding:
• Advantages: High production speed, precise and complex shapes, suitable for
mass production.
• Used for creating items like plastic toys, automotive parts, and medical devices
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2. Blow Molding:
3.Extrusion Molding:
4. Material Preparation:
1. Raw materials (hydrocarbons from coal, natural gas, and petroleum) are
extracted and refined.
5.Polymerization:
6. Additives:
7. The choice of additives depends on the desired qualities of the final product.
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1. Rotational molding
2. Blow molding
3. Extrusion
4. Injection molding
Plastic production techniques have their advantages, but they also come with some drawbacks.
Let’s explore the disadvantages:
1. Environmental Impact:
2. Health Concerns:
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• Certain types of plastics may pose health risks. For example, some plastics
contain chemicals that can leach into food or water, potentially affecting human
health.
• It’s essential to choose plastics carefully, especially for food containers and
packaging.
3. Durability:
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4. Non-Biodegradability:
5. Recycling Challenges:
1. Environmental Impact:
• Plastic takes tons of years to decompose. Some plastics may even take 400
years or more to completely break down.
• Producing plastic is cheap, but it is done using a variety of toxic chemicals and
colors, which can harm the environment.
2. Health Concerns:
• Certain types of plastics may pose health risks. For example, some plastics
contain chemicals that can leach into food or water, potentially affecting
human health.
3. Durability:
4. Non-Biodegradability:
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5. Recycling Challenges:
Objectives of study
2 this study cover only the analysis of plastic production techniques in the VAMAN
INDUSTRY
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CHAPTER-02
DISCRIPTION OF THE ORGANIZATION
VAMAN INDUSTRIES
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Vaman Industries, situated in Kolar, Karnataka, India, operates within the realm of plastics and
rubber products manufacturing. Let’s delve into some key details about this company:
• Sales: INR 20.14 million (compared to INR 12.25 million a year ago)
• Revenue: INR 20.27 million (compared to INR 12.43 million a year ago)
• Net income: INR 0.015 million (compared to a net loss of INR 7.29 million a
year ago).
• Sales: INR 163.42 million (compared to INR 260.7 million a year ago)
• Revenue: INR 168.98 million (compared to INR 266.54 million a year ago)
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4. His sons, Devadas Nayak and Satish Nayak, joined the clock business. Devadas
Nayak was a master horologist, specializing in grandfather clocks and winding
wall clocks.
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P.N. Nayak is the Chief Executive Officer (CEO) of Vaman Industries, which is based in
Bengaluru, Karnataka, India. Vaman Industries is involved in plastics product manufacturing,
other miscellaneous manufacturing, and plastics and rubber products manufacturing. They
specialize in producing plastic film that is coated or laminated for packaging purposes. The
company was established in 1992 and operates under the legal status of an individual
proprietorship.
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VAMAN Industries operates in the manufacturing sector, specifically dealing with resin,
synthetic rubber, and artificial and synthetic fibers and filaments.
• Company Profile:
• Industry: Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and
Filaments Manufacturing, Chemical Manufacturing, Plastics materials and
resins
Number of employees
• Vaman Industries, a manufacturer and supplier of springs and metal components, has a
workforce of 11 to 12 people. They specialize in producing industrial springs and wires,
including tension extension springs, precise compression springs, double torsion
springs, LED light springs, and air springs. Their products find applications in various
industries, such as aerosol valves, power tools, toys, and loudspeakers.
Division of work
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• Product Range:
• Compression Springs: Known for their high torsion strength, they can withstand
sudden or gradual changes in viscosity.
breaking down work projects into smaller tasks and assigning them to individuals based on
their specialization. Here’s why this principle matters:
1. Specialization and Mastery: When workers focus on specific tasks, they gain mastery
in those skills over time. Specialization allows them to become more proficient, saving
time and resources.
2. Efficiency and Productivity: By segmenting work, each worker can concentrate on their
specific area, leading to cost-efficient and reliable outcomes. This approach optimizes
productivity.
3. Applications:
• Their industrial springs and wires are essential for off-road wheel seals,
pinion seals, shock-absorbing seals, and air-conditioning seals.
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• Carbon steel and stainless steel industrial springs are used in aerosol
valves, pumps, power tools, and toys.
Vaman Industries, located in Kolar, Karnataka, India, operates in the field of resin, synthetic
rubber, and artificial and synthetic fibers and filaments manufacturing. Let’s delve into some
details:
• Industry: It falls within the broader category of chemical manufacturing and plastics
materials and resins.
• Employees: The exact number of employees at this site is not specified, but it is part of
the broader Vaman Industries organization.
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Broiler Feeder
350 mm Diameter polypropylene pan with proven design for easy feed flow.
8 kg feed holding capacity with hopper.
Ideally suited for commercial broilers for a better F.C.R.
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Male feeder
Female feeder
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Jumbo Feeder
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CHAPTER-3
EXPERIENTIAL LEARNING
Basic Responds %
Poor satisfaction 2 13.33%
Need improved 3 20%
Great satisfaction 5 33.33%
Extremely delighted 5 33.33%
Total 15 100%
Analysis: In this pie chart showing about the satisfaction level of employees
working of plastic production. 13.33% of employees respond poor satisfaction, 20% of
employees responds need improved, 33.33% of employees responds great satisfaction and
33.33% of employees responds extremely delighted
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Sales
13%
poor satisfication
33%
Need improved
20%
Great satisfaction
Extremely delighted
34%
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Responds %
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6
5 5 5
5
4
3 3
3
2 2 2
2
1
33.33% 33.33% 20%
0 0 13.33%
0
Basic Poor satisfaction Need to improved Great satisfaction Extremely delighted
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14
12
12 Poor satisfaction
10
Need to improved
8
6 Great satisfaction
4
Extremely delighted
2
1 1 1 80%
0 6.66%6.66% 6.66%
Linear (Great satisfaction )
Responds %
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Responds %
Responds
13.33% 13.33%
Poor satisfaction
13.33% Need to improved
Great satisfaction
Extremely delighted
60%
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Analysis : In this diagram showing satisfied with wages paid to employees. 20%
of employees respond poor satisfaction, 20% of employees responds need
improved, 26.66% of employees responds great satisfaction and 33.33% of
employees responds extremely delighted.
responds
20%
33.33% Poor satisfaction
Need to improve
Great satisfaction
20%
Extremely delighted
26.66%
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CHAPTER-04
INTRENSHIP OUTCOME AND CONCLUSION
Findings
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Suggestions
Increase the use of recycled plastic materials in production processes. This reduces the
demand for new plastic resin and helps divert plastic waste from landfills and oceans.
Invest in technologies that can chemically or mechanically recycle plastics that are
traditionally difficult to recycle, such as mixed plastics or contaminated plastics.
Ensure all employees have access to and are trained in using appropriate safety gear
and equipment. Regular maintenance of machinery and adherence to safety standards
are crucial to prevent accidents and ensure a safe working environment.
Foster a culture where employees feel comfortable sharing feedback and ideas for
process improvement. Regular team meetings or suggestion boxes can be effective
ways to gather input and involve employees in decision-making processes.
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Consider initiatives such as ergonomic workstation designs, regular breaks, and access
to healthy snacks or beverages. Encouraging physical activity and offering employee
assistance programs can also contribute to better overall health and morale.
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conclusion
Vaman Industries, based in Bengaluru, Karnataka, India, operates in the plastics product
manufacturing sector. Although I don’t have specific details about Vaman Industries’ recent
performance, it’s essential to recognize the broader context of India’s plastic industry.
India’s plastic industry has experienced substantial growth over the years. It comprises more
than 20,000 processing units and plays a crucial role in the global plastics market. The industry
contributes significantly to India’s economy, providing employment to approximately four
million people. Moreover, India is a major polymer exporter, with exports totaling around 1.5
million metric tons in 2021.
While I don’t have specific conclusions about Vaman Industries, it’s essential to consider the
overall trends in the plastics industry. The demand for specific plastic materials, such as
polyethylene (PE) and polypropylene (PP), has been on the rise. PE consumption has grown at
a rate of 10% per annum, reaching approximately 3.2 million metric tons per annum in FY12.
PP follows closely, with consumption increasing from 1.5 MnTPA in FY06 to 2.9 MnTPA in
FY12, growing at a rate of 12% per annum.
In summary, Vaman Industries operates within a dynamic industry that continues to evolve and
contribute significantly to India’s industrial landscape and economic growth.
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Bibliography
Books
1. Strong, A. B. (2006). Plastics: Materials and Processing. Pearson Prentice
Hall.
2. Rosato, D. V., Rosato, D. V., & Rosato, M. G. (2000). Blow Molding
Handbook: Technology, Performance, Markets, Economics. Hanser Publishers.
3. Throne, J. L. (1996). Technology of Thermoforming. CRC Press.
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Annexure
1.Overall, how satisfied are you working for the plastic production technique?
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7. how much are you satisfied with the wages paid to you
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