SOCIOECONOMIC PROFILE OF IMITATION JEWELLERY MANUFACTURERS IN MACHILIPATNAM. S Madhavi* 1, Dr. T Rama Devi 2

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ISSN: 2249-7196 IJMRR/Jan. 2016/ Volume 6/Issue 1/Article No-6/38-43 S Madhavi et. al.

1 ISSN: IJMRR/Jan. 2016/ Volume 6/Issue 1/Article No-6/38-43 S Madhavi et. al., / International Journal of Management Research & Review SOCIOECONOMIC PROFILE OF IMITATION JEWELLERY MANUFACTURERS IN MACHILIPATNAM ABSTRACT S Madhavi* 1, Dr. T Rama Devi 2 1 Research Scholar, Acharya Nagarjuna University, Guntur (A.P), India. 2 Reader, SDMSM, Kalasala, Vijayawada (A.P), India. India s glorious history has affected each and every aspect of the Indian lifestyle. Jewelry has remained an integral part of the Indian lifestyle. Imitation Jewellery is a House of Artificial Jewellery and Indian Handicrafts. It is an effort to introduce the Indian Handcrafted Jewellery to rest of the world. Indian Jewellery is a very special piece of jewelry which has a special niche for itself. Indian Jewellery is liked by all over the world for its design and craftsmanship. In fact, jewellery is considered as security and prestige of women in the country. The attraction of jewelry has been great in India that it is no more a craft than an art.indian jewellery is unique in its design and workmanship. In all kinds of traditional dance forms, imitation jewellery has been a significant part. The present study discusses the socio economic profile of Imitation Jewellery Units in Machilipatnam. Keywords: Imitation, Jewellery, Business, Manufacturers etc. INTRODUCTION 'Imitation Jewellery' is widely demanded not only in India but also various other countries of the world. Gift articles, earrings, necklace, Jumka, Bajuband, fancy belts, jada set, bangles, rings, dance sets, etc, offering a wide range of 'imitation jewellery' including aravanki. Particularly in India, there is a huge market for the same and they are wide. MACHILIPATNAM IMITATION JEWELLERY PARK Most popular gold covering jewellery manufacturing industry in india.nearly 200 units are engaged in the industry. This industry giving employment to nearly artizans and other peoples. This jewellery commonly known as "chilakalapudi bangaram'.this industry produce bangles,chains,neck lace,ear rings,tops,hangings,leg chains,rings,dance sets,all types of stone items. Be it Bharatnatyam, Kuchipudi or Kathak, all has given importance to Jewellery in presenting the artist. The number of items forming the jewelry of an Indian woman is numerous, ranging from the Bangles, earrings, necklace, hair clip, belly chains, Finger rings, etc. Indian Imitation jewelry is worn by not only people of India but all over the world, it has huge attraction and demand. India is the largest exporter of jewellery from long time. There are 235 registered units in Machilipatnam and there are many unregistered units who operate their activities in the markets. However, the Manufacturing units of imitation jewellery in Machilipatnam facing certain difficulties which hinder the growth in the market. Following table present the demographic profile of the Manufacturers in Machilipatnam. *Corresponding Author 38

2 RESPONSE RATE: Out of the 250 questionnaires sent out 230 questionnaires were returned for analysis representing 92%. Table 1.1: Demographic profile of Respondents Variable Category Number Percentage Male Gender Female Age Above Qualification Marital Status Ownership Nature of Business Existence (in years) S.S.C Intermediate Degree P.G Married Unmarried Sole Trader Partnership Limited Company Retailing Wholesaling Manufacturing Exporting Five Ten Above Imitation Bangles Types of Products Produced Imitation Earrings Imitation Necklace Set Imitation Rings Bridal Sets Fashion Accessories Hair clips Waist chain Anklets Involvement of Family Members Yes No Management The Position held by family Production members Sales All Variable Category Number Percentage Source of Initial Capital Own Savings Travelled Abroad From Friends Bank Loan From Family Gift Govt. Grant Govt. Loan Property Sale Tools and Equipment Local Middlemen From Mumbai Local Percent of acquiring local tools and equipment Production / Operation System Capital Intensive Labour Intensive Source of obtaining a design From Catalogue Customer s description Copying others Designer Does not design Copyright 2016 Published by IJMRR. All rights reserved 39

3 The demographic profile of the sample of 80 manufacturing units is shown in the above table 1.1. From the above table it is understood that, 100 % of the respondents who engaged in the manufacturing imitation jewelry are male and 43.75% of the respondents belong to the age group of years and no female engaged in such kind of units. It is also understood that, % of the respondents got their secondary school certificate, 30% of the respondents completed their matriculation, 31.25% of the respondents are graduates, 12.5% of the respondents are post graduates. The majority of the respondents, 76.25% of the respondents are married and 23.75% of the respondents are single. It is revealed that, 40% of the respondents are sole traders, 36.25% of the respondents are involved in a partnership, 23.75% of the respondents are operating limited company. The 12.5% of the respondents are retailers, 22.5% of the respondents are wholesalers, 36.25% of the respondents are manufacturers and 28.75% of the respondents are exporters of imitation jewellery. The 22.25% of the respondents have been operating the business for five years, 22.5% of the respondents have been operating for 10 years and 56.25% of the respondents are operating the business for more than 10 years. The 18.75% of the respondents are engaged in producing imitation bangles, 22.5% of the respondents are producing imitation earrings, 8.75% of the respondents are manufacturing imitation necklace set, 11.25% of the respondents are designing imitation rings, 6.25% of the respondents are producing bridal sets, 11.25% of the respondents are engaged in designing fashionable accessories,7.5% of the respondents are making hair clips, 5% of the respondents are producing waist chains and 8.75% of the respondents are making anklets. The majority of the family members are running the units since many generations. The 67.5% of the respondents made their family members to take part in the units and 32.5% of the respondents do not take help from their family members in business matters. Different positions held by family members in the organization structure of the units. The family members about 22.5% of the respondents held management positions and 30% of the respondents are headed by the production department, 25% of the respondents are taking active part in sales and 22.5% of the respondents are engaged in all of the above specified areas in the units. The business units can raise their initial capital in a number ways. The 22.5% of the respondents raised initial capital from their savings, 17.5% of the respondents borrowed from their friends, 16.25% of the respondents borrowed from banks, 5% of the respondents borrowed from family members and relatives, 10% of the respondents got the capital as a gift from kith and kin, 5% of the respondents got grants from government, 6.25% of the respondents through government loan and 2.5% of the respondents raised capital by selling their property. Manufacturing units acquire tools and equipment needed for their operations from local middlemen or import from Mumbai or from the local agents. The 20% of the respondents acquired equipment from local middlemen, 56.25% of the respondents import from Mumbai and 23.75% of the respondents bought from local agents. Copyright 2016 Published by IJMRR. All rights reserved 40

4 The 21.25% of the respondents are acquiring the local tools and equipment less than 25% of their total equipment, 32.5% of the respondents acquiring in between %, 22.5% of the respondents acquiring in between 50 75% and 23.75% of the respondents acquiring in between %. The 28.75% of the respondents have capital intensive manufacturing units and 71.25% of the respondents have labour intensive manufacturing units. The 11.25% of the respondents design their products from catalogue, 43.75% of the respondents make products basing on from customers description, 28.75% of the respondents copying the designs from others, 8.75% of the respondents make designer products and 7.5% of the units do not design on their own. Age of the Manufacturers It is understood from the above chart that, 21.25% of the respondents belong to the age group of years and 43.75% of the respondents belong to the age group of years and only 35% of the respondents are having more than the age of 55 years. Most of the Manufacturing units in Machilipatnam are inherited by many generations. Once the oldest male reaches to the age of 50 years, can retire from the duties and next the operations will be carried out by the immediate male members, the majority of the respondents belong to the age group of years. Qualification of the Respondents It is understood from the above chart that, 33.75% of the respondents are studied SSC and 42.5% of the respondents are undergraduates and 23.75% of the respondents are post graduates and none of them are doctorates. Copyright 2016 Published by IJMRR. All rights reserved 41

5 Form of Ownership It is understood from the above chart that, 40% of the respondents having the family size of one-two members and 33.75% of the respondents having the family size of three - five members and 31.25% respondents having the family size of five six members and 27.5% of the respondents having the family size of seven and more. Business Existence It is understood from the above chart that, 21.25% of the respondents are in business less than five years, 22.5% of the respondents are in the business in between five to ten years and 56.25% of the respondents are in the business more than ten years. CONCLUSION All the respondents who engaged in the manufacturing imitation jewelry are male and the majority of the units belong to the age group of years and no female were engaged in such kind of units. It is suggested that, involving female members of the family in the activities of the business or manufacturing units would help the industry to provide an opportunity to empower women entrepreneurship and increases percentage of GDP as well. Most of the respondents completed their matriculation and their graduation and a very less percentage of the respondents are post graduates. It is suggested that when manufacturing units operated by professionals who had enough sound knowledge in the imitation jewelry industry facilitates to find modern ways to manage the things in the workshop. It is observed Copyright 2016 Published by IJMRR. All rights reserved 42

6 that the majority of the respondents are sole traders and few are involved in a partnership and a very less number of the respondents are operating limited company. It is suggested that, operating a business as an association facilitates them to demand the government to provide subsidized loans, to have no/ less VAT, etc. Only 28.75% of the respondents are exporters of imitation jewellery. It is suggested that taking initiatives to encourage the local manufacturing units to export their products to foreign countries like Singapore, Malaysia, Europe, East Germany and Lebanon, where imitation jewelry have much demand, would help the industry grow much faster. The majority of the units is run by family members for many generations. Taking assistance from the family members would be advantageous for better production as they are more trustworthy and they will be available round the clock. The business units can raise their initial capital in a number ways. The major sources of raising capital are from savings, borrowed from their friends, borrowed from banks, borrowed from family members and relatives, only 5% of the respondents got grants from government, 6.25% of the respondents through government loan and 2.5% of the respondents raised capital by selling their property. It is suggested that government offers better schemes to business enterprises at a cheaper rate of interest. Availing to such kind of benefits can reduce burden on the units. Banks should take initiative steps to generate awareness about such schemes among the manufacturers would be helpful to a great extent. REFERENCES [1] Behera G. Imitation Jewellery Women s New Choice of Jewellery. [2] Sha A. Imitation Jewellery the Latest Trend. Nov 02, [3] Rao. Jewellery Fashion for 2009, Contemporary jewellery trends. 2009, [4] Desai. How to Get the Latest Jewellery Trends on a budget. Aug 12, Article source: [5] Kumar J. Look Chic & Trendy With Imitation Jewellery. Mar 31, [6] Doshi R. Imitation Jewellery Sign of Changing Times. Nov 19, 2008, [7] Amit S. Imitation Jewellery Has Stood The Test of Time. Aug 04, 2010, [8] Celina A. The Importance of The Jewellery., Mar 25, 2011, Copyright 2016 Published by IJMRR. All rights reserved 43

PROBLEMS OF INDIAN JEWELLERY INDUSTRY S Madhavi* 1, Dr T Rama Devi 2

ISSN: 2249-7196 IJMRR/Aug 2015/ Volume 5/Issue 8/Article No-4/623-628 S Madhavi et. al., / International Journal of Management Research & Review ABSTRACT PROBLEMS OF INDIAN JEWELLERY INDUSTRY S Madhavi*