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SOCIOECONOMIC PROFILE of IMITATION JEWELLERY MANUFACTURERS in MACHILIPATNAM S Madhavi*1, Dr

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SOCIOECONOMIC PROFILE of IMITATION JEWELLERY MANUFACTURERS in MACHILIPATNAM S Madhavi*1, Dr ISSN: 2249-7196 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 S Madhavi*1, Dr. T Rama Devi 2 1Research Scholar, Acharya Nagarjuna University, Guntur (A.P), India. 2Reader, SDMSM, Kalasala, Vijayawada (A.P), India. ABSTRACT 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 30000 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 www.ijmrr.com 38 S Madhavi et. al., / International Journal of Management Research & Review 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 80 100.00 Gender Female 00 0.00 25 – 40 17 21.25 Age 40 – 55 35 43.75 Above 55 28 35.00 S.S.C. 21 26.25 Qualification Intermediate 24 30.00 Degree 25 31.25 P.G. 10 12.5 Married 61 76.25 Marital Status Unmarried 19 23.75 Sole Trader 32 40.00 Ownership Partnership 29 36.25 Limited Company 19 23.75 Retailing 10 12.5 Nature of Business Wholesaling 18 22.5 Manufacturing 29 36.25 Exporting 23 28.75 Five 17 21.25 Existence (in years) Ten 18 22.5 Above 10 45 56.25 Imitation Bangles 15 18.75 Types of Products Produced Imitation Earrings 18 22.5 Imitation Necklace Set 07 8.75 Imitation Rings 09 11.25 Bridal Sets 05 6.25 Fashion Accessories 09 11.25 Hair clips 06 7.5 Waist chain 04 5.00 Anklets 07 8.75 Involvement of Family Members Yes 54 67.5 No 26 32.5 Management 18 22.5 The Position held by family Production 24 30.00 members Sales 20 25.00 All 18 22.5 Variable Category Number Percentage Own Savings 18 22.5 Travelled Abroad 12 15.00 Source of Initial Capital From Friends 14 17.5 Bank Loan 13 16.25 From Family 04 5.00 Gift 08 10.00 Govt. Grant 04 5.00 Govt. Loan 05 6.25 Property Sale 02 2.5 Tools and Equipment Local Middlemen 16 20.00 From Mumbai 45 56.25 Local 19 23.75 Percent of acquiring local tools 0 – 25 17 21.25 and equipment 25 - 50 26 32.5 50 - 75 18 22.5 75 - 100 19 23.75 Production / Operation System Capital Intensive 23 28.75 Labour Intensive 57 71.25 Source of obtaining a design From Catalogue 09 11.25 Customer’s description 35 43.75 Copying others 23 28.75 Designer 07 8.75 Does not design 06 7.5 Copyright © 2016 Published by IJMRR. All rights reserved 39 S Madhavi et. al., / International Journal of Management Research & Review 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 40-55 years and no female engaged in such kind of units. It is also understood that, 26.25 % 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 S Madhavi et. al., / International Journal of Management Research & Review 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 25 – 50 %, 22.5% of the respondents acquiring in between 50 – 75% and 23.75% of the respondents acquiring in between 75 – 100%. 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 25-50 years and 43.75% of the respondents belong to the age group of 40-55 years and only 35% of the respondents are having more than the age of 55 years.
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