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Report on

Industrial Visit to

NSIC BHAVAN

OkhlaIndustrial Estate, Phase-III New Delhi Organized forMBA- 2 Sem- II

Submitted To: Submitted By:

MR. Shrikant chauchan Pankaj

HEAD OF PLACEMET CELL MBA IInd semester

The Indian Institute of Financial Planning

Jhandewalam, New Delhi.

CONTENTS

Contents: Page No.

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Introduction of Company 3

Visit Objective 4

Key Features of the operational system Observed in the company 4

Critical analysis 5-6

Findings 7

Lesson Learnt 7

National Small Industries Corporation Limited

Introduction of Company

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The National Small Industries Corporation Ltd., (NSIC), an ISO 9001 certified company, sinceits establishment in 1955, has been working to fulfil its mission of promoting, aiding and

fostering the growth of small enterprises in the country. With passing of the Micro, Small andMedium Enterprises Development (MSMED) Act, 2006, NSIC has also included medium

enterprises in its ambit for providing assistance under some of its schemes.

National Small Industries Corporation (NSIC) is working to fulfil its mission of promoting

aiding and fostering the growth of Micro, Small & Medium Enterprises (MSMEs) in the

country. One of the objectives of National Small Industries Corporation (NSIC) is to promote

entrepreneurship development in the country. This objective can be achieved by way of

providing handholding support to the first generation entrepreneurs by helping them to set up

their own micro & small enterprises. There is also an urgent need in the country to inculcate

entrepreneurial skills to the youth by way of skill development through which they become

employable as well as create their own enterprise.

Visit Objectives:

For gaining the first hand information regarding functioning of the company

For getting the knowledge of an insight picture of the company function.

To correlate theoretical knowledge with real time practice of the company.

To provide an opportunity where corporate people share their expertise and experienceswith the students to enable them to have the real feel of the current industrial scenario.

The Main object of this visit to learning the skills of entrepreneurship. And how and

Individual person can start his business with the help of NSIC.

Key Features of the operational system Observed in the company

NSIC is engaged in basic skill development training programmes through its NSIC Technical

Service Centres (NTSCs) and NSIC Technical Service Extension Centres (NTSECs). Since

NSIC has few centres only, the reach of NTSCs is very limited geographically. In order to

increase the reach there are several trades which need to be covered to cater to the skill

demands in the country. Labour intensive mass manufacturing based on relatively lower skill

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levels provide an opportunity to expand employment in the industrial sector particularly in the

MSEs. However, one of the most critical barriers to the growth of manufacturing sector is

shortage of skilled manpower. This is extremely disconcerting in view of the facts that Indias

young demographic profile has placed the country favourably in terms of manpower

availability. People can be turned to economic assets if they can be gainfully employed. It is,

therefore, necessary to invest in building their capabilities towards training thereby providingrelevant skills for productive employment. Available data suggest that percentage of population

undergoing vocational training in the country is much lower than in other developing

countries. It is therefore necessary to give special emphasis on technical vocational education

and skill development so as to increase the skilled workforce from 5% at present to about 50%

as envisaged by the Government policies.

There is also a need to expand the number of skills for which training is provided and for this

there is an urgent need for proactive involvement of Indian industries in every aspect of skill

development.

In this context, NSIC has already initiated setting up of Incubators which aim to impart trainingin the manufacturing as well as services sector, thus contributing to entrepreneurial skill

development.

Objectives of the Scheme:-

The unemployed persons irrespective of caste, creed and gender shall be imparted skill

development and entrepreneurship building training with a view to empower him / her for the

following:

i) To provide skill development training to secure anemployment in any business enterprise.

ii) To set up its own micro/small business enterprise.

Critical Analysis

Role of NSIC

a) Approval of lay out plan of NSIC-TIC

b) Arrangement of finance for procurement of machinery and equipment required for setting

up NSIC-TIC.

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Under this scheme, micro, small & medium enterprises can become members and avail

a number of value added services. Some important services are:

Supplier database;

Market intelligence;

Technology providers;

Information providers;

Linkages with relevant institutions;

E to E services;

E to B services and

Value additions like directories of machinery makers and component manufacturers spare

capacity bulletin boards, discussion forums, virtual exhibitions, etc.

2. Insurance of Export Credit for Micro, Small & Medium Enterprises under

strategic alliance between NSIC and ECGC:-

NSIC has entered, into an arrangement with Export Credit Guarantee Corporation of India Ltd.

(ECGC) for facilitating small and medium enterprises to insure their export credits. Micro,

small & medium enterprises would be helped in insuring their export credits through any office

of the Corporation, located all over the country. This arrangement shall strengthen promotion

of exports from small enterprises.

3.International CooperationFor the last five decades, NSIC has acquired various skill sets in the development

process of small enterprises. The inherent skills are being networked to offer

consultancy services for other developing countries. The areas of consultancy are as

listed below:

Capacity Building;

Policy & Institutional Framework and

Business Development Services

Findings

Some Findings are:-

In this industrial visit we found that how an unemployed person can do something

better.

We found that how manufacturing machinery makes the job easy for the people.

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We also found that how workers operate the machineries with proper safety or security.

In the manufacturing process we found the research work of the company for the

beneficial of the society and for the unemployed person is greatfull.

At last the we found that company is focusing on providing the services not on themanufacturing and production of goods and services.

Lesson Learnt

In the industrial visit we learn lot of things some are-

The visit to NSIC was a wonderful experience. They gave us a closer and detailed view about

what all it deals with and how. We came across about:

1) How technology intensive techniques are used and up to what extent it helps to increase

the production and in generation of self- employment.

2) We also learnt that how NSIC constantly adapt, innovate and refine their processes in

line with global business trends to maintain credibility and leadership in their field.

3) They commit themselves for fair play, transparency and sincere endeavour for the

promotion and growth of Micro, small & Medium Enterprises.

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