“Industrial Development of Indapur Taluka with Special Reference to Period from 2001 to 2011”
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MINOR RESEACH PROJECT ON “INDUSTRIAL DEVELOPMENT OF INDAPUR TALUKA WITH SPECIAL REFERENCE TO PERIOD FROM 2001 TO 2011” A PROJECT REPORT SUBIMITTEDTO UNIVERSITY GRANTS COMMISSION, NEW DELHI FUNDED BY UNIVERSITY GRANTS COMMISSION, NEW DELHI UNDER THE FACULTY OF COMMERCE By Mr. Sadashiv V. Umbardand DEPARTMENT OF COMMERCE ITSPM’S ARTS, SCIENCE AND COMMERCE COLLEGE, INDAPUR (PUNE) 1 DECLARATION I, the undersigned hereby declare that, the research project entitled, “INDUSTRIAL DEVELOPMENT OF INDAPUR TALUKA WITH SPECIAL REFERENCE TO PERIOD FROM 2001 TO 2011” is written by me and submitted to the UGC NEW DELHI in COMMERCE. Further, I declare that I have not violated any of the provisions under Copyright/piracy/Cyber/IPR Acts amended from time to time. Place: Indapur Mr. Umbardand Sadashiv Vitthal Date: 30/03/2014 Principal Investigator 2 CERTIFICATE This is to certify that the dissertation entitled “INDUSTRIAL DEVELOPMENT OF INDAPUR TALUKA WITH SPECIAL REFERENCE TO PERIOD FROM 2001 TO 2011” being submitted research project report in COMMERCE of UGC NEW DELHI is the result of the original research work completed by Mr. Umbardand S. V. under my supervision and guidance and to the best of my knowledge and belief the work embodied in this thesis has not for made earlier the basis for the award of any degree or similar title of this or any other University or examining body. Place: Indapur Mr. Umbardand Sadashiv Vitthal Date: 30/03/2014 Principal Investigator Forwarded through Dr. Sanjay Chakane Principal 3 ACKNOWLEDGEMENT The present work is the outcome of valuable guidance, help and encouragement extended to me by teachers, friends, my family and many dignitaries. I would like to put on record my deep sense of gratitude to them. I am grateful to U.G.C. Director, for given me opportunity of research. I am deeply grateful to our College Principal Dr. Sanjay Chakane, A.S.C. College, Indapur for his valuable guidance, cordial treatment. He has been the source of inspiration and stimulus to me throughout the arduous of completing this work. I am thankful to Hon.Shri Harshwardhanji Patilsaheb, President, Indapur Taluka Shikshan Prasarak Mandal, Indapur, Hon. Shri Mukund G. Shah, Secretary, I.T.S.P.M. Indapur and Prof. B.M. Khatake, Joint Secretary, I.T.S.P.M. Indapur for giving me this opportunity to participate in the research work. I express my thanks to Respected Dr. C.N. Rawal Principal, B.M.C.C. Pune and Dr.N.M. Nare, Vice Principal, T.C. College, Baramati, for his expert and valuable guidance, continuous encouragement given to me during the Research Project. I am deeply grateful to Dr. Sathe P.N. Professor B.M.C.C. Pune for his valuable guidance and inspiration, during the period of my research. I am also grateful to Dr. Sharayu Bhakare, Prof. Vijayalaxmi Kulkarni, Dr. Kishor Jagtap Chairman Accountancy Board, Pune, Prof. Sudam Ghongatepatil, Dr. Manohar Sanap, for thei guidance and help. I thank to my colleagues Prof. Sunil Hendre, Prof. Madhukar More, Mrs. Mrudul Kambale, Mr. Gautam Yadav, Prof. B.D. Kale, Prof. A.M. Patil, Prof. S.M. Shinde, Mr. V.C. Holkunde, Mr. D.K. Bhosale for their help. I am immensely grateful to the Librarian Mrs. Manisha Gaikwad. I am also grateful to all teaching and non teaching staff members of A.S.C. College, Indapur. I am grateful to Mr.Vishal Mahadik, Shailesh Tarange, Soma Pise, Nilesh Kadam, Ganesh Bhong, Balu Bhagat, Suyog Wagh for his support during the period of data collection of research work. I express my heartily feeling to my beloved parents and all family 4 members for their constant, emotional and moral support to complete this work and afforded all pains for my higher education and research activities. I am deeply grateful to Managing Directors, Directors, Managers, Account Officers, Company Staff Members of Industrial units situate in Indapur Taluka for their valuable support during the period of data collection, accounting information of research work. My sincere thank to Dr. M. P. Shinde, A.R.C. of A.S.C. College, Indapur for his valuable and grateful help in completing my Research Project. It’s my duty to thanks to all those who directly and indirectly assisted me through suggestions, valuable comments and much needed encouragement. Mr. Umbardand Sadashiv Vitthal 5 INDEX Sr. Chapter Page no. No 1 Introduction 7 2 Objectives and Relevance of the study 11 3 Research design and methodology 13 4 Profile of industrial development in study area. 14 5 Analysis and Interpretation of data 73 6 Findings, Conclusions and Recommendations 76 Bibliography/webliography 78 6 Chapter 1: Introduction An industry plays a significant role in the economic development of the country. These industries meet the needs viz. solution of unemployment problem, production and economic development, living standard of people. It encourages self-sufficiency, self-reliance and co-ordination. It also provides beneficial reallocation of available sources and their proper utilization and it play a very important role in our economy. Therefore, there is a strong need for proper attention towards the financial performances of these industries. History: Indapur has historic significance in the expansion of Mogul empires in central- South India, and subsequent Maratha resistance. Indapur is the Jagir of Malojiraje and Shahajiraje Bhosale. Malojiraje (Grandfather of the great warrior, Shivajiraje) was a Saradar under Nizamshah-the ruler of that region appointed by the Moghul emperor. At the start of his service, Malojiraje received the Jagir of Indapur and Supe from Nizamshah. In Indapur jagir there were about 34 villages. The neighboring ruler, Adilshah, was a constant threat to Nijiam shah, mainly over territorial disputes. In the year 1620, AD, Molojiraje died fighting in the Indapur Battle against Adilshah; at the time, his son (Shivaji’s father) Shahajiraje was only 6 years old. The brother of Malojiraje, Vithojiraje gave 17.5 RUKE( Nearly 1 Acres) of land for the SAMADHI( final resting place) of Malojiraje. However this structure has been destroyed over the years. But the footprints (PADUKA) on the Samadhi are in a good condition and put in the “Indreshwar” in Indapur. Geographical Location: Maharashtra State, in Pune District there is 13 Taluka out of them Indapur in one Taluka. Indapur is 135 Km away from Pune, total geographical area of Indapur is 1467 Square Km( 118951 Hector), Bhima & Nira rivers is very close to Indapur Taluka, in Maharashtra there is to big dam out of them second largest Ujjani dam is close to Indapur city & also some part of Taluka affected by dam. Out of total geographical area 80% area having Irrigation facility. In Indapur Taluka there are 144 villages. Average rainfall in Taluka is 406 Mm. Population: According to 2001 census total population of Indapur Taluka is 326791 out of them male population is 169337 & female population is 157454. Considering sex ratio in Indapur Taluka is 930 female behind per thousand male. population of 7 Taluka the ratio of SC population is 14.7 %( 48044) & ST population is 0.9 %( 3058). The literacy ratio is 70.5%, out of them male literacy ratio 81.1 %( 116638) & female literacy ratio is 59.1 %( 79659). It means 30% population of Taluka is illiterate. Out of total population 23024 populations is in Below Poverty Line (BPL). Agriculture Sector: Out of total geographical area of Indapur Taluka crop wise area is as below: Total cultivation area: 118914 Hector Forest areas: 7743 Hector Uncultivated area: 22024 Hector Cultivation of Fruit trees & Vegetables: 58264 Hector Average holding land is as blow: Holding land Percentage O-1 Hector 47% 1-2 Hector 28% 2-5 Hector 19% More than 5 Hector 6% Service Sector: Service sector is rapidly growing sector in Indapur Taluka. One main market committee and having 3 sub units in Bhigwan, Nimgaon & Bawada. In Indapur is also having one Onion Export Centre. Educational & Industrial growth of villages in Indapur Taluka, for the completion of such project it requires personal survey. This project is very helpful for know the Financial performance of industries situated in villages of Indapur Taluka. Industry Sector: The most famous among these is the Ordinance factor of Government of India at Walchand Nagar. This factor holds great importance for the defense of India. Industrialization of Indapur Taluka is mostly depending upon Agro-base Industry. In Indapur Taluka 3 Co-operative & 1 Private sugar cane industry, 1factory of Jiggery( raw sugar), for development of Industrialization of Indapur Taluka five star Industrial colony is sanctioned, under this Industrial colony new Industries will start. There is large scope for milk business. Indapur Taluka plays very important role in economy of Pune District. Since industrial revolution take place in India, Industries in Indapur Taluka played very important role for economic development in Pune district. Therefore, study of financial performance of industries becomes very essential. 8 Industrialization of Indapur Taluka is mostly depending upon Agro-base Industry. In Indapur Taluka 4 Co-operative & 1 Private sugar cane industry, 1 factory of Jiggery( raw sugar), for development of Industrialization of Indapur Taluka five star Industrial colony is sanctioned, under this Industrial colony new Industries will start. There is large scope for milk business. Indapur Taluka plays very important role in economy of Pune District. Since industrial revolution take place in India, Industries in Indapur Taluka played very important role for economic development in Pune district. Therefore, study of financial performance of industries becomes very essential. In Indapur Taluka industries such as sugar industries, engineering units, service industries are situated. In Indapur Taluka following industries are at present. Walchandnagar Industries Ltd. Walchandnagar. Ballarpur Industries Limited (BILT), Unit-Bhigwan Valmont India Private Ltd Anand Techno India Ltd. Phadtare Group of Industries Sonai Group of Industries Harneshawar Agro Industries Ltd.