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September 2018 Volume 5, Issue 3 (V) ISSN 2394 - 7780 July - September 2018 UGC University Grants Commission Journal No.: 63571 International Journal of Advance and Innovative Research (Conference Special) Indian Academicians and Researchers Association www.iaraedu.com NATIONAL CONFERENCE ON CHARTING NATIONAL GROWTH: SOCIO – ECONOMIC CHALLENGES IN MANUFACTURING & SERVICE SECTOR Thakur Institute of Management Studies & Research Mumbai Publication Partner Indian Academicians and Researcher’s Association Approved by AICTE Affiliated to University of Mumbai ISO 2001 : 2015 Certified INTERNATIONAL PARTNERS ABOUT TIMSR Thakur Institute of Management Studies & Research (TIMSR) managed by Zagdu Singh Charitable Trust(ZCT), was established in the year 2002. TIMSR today is deemed as one of the best business schools in Maharastra. With marvelous infrastructure, experienced and innovative teaching faculty, and modern pedagogical techniques, the Institute is acquiring a true global setup. TIMSR offers post graduate programs in management education including 2 years full time MMS Program and for working executives like MMM,MFM,MIM and MHRDM approved by AICTE,DTE,Government of Maharastra and affiliated to University of Mumbai. Besides TIMSR also offers its flagship PGDM Program in close collaboration with industry, and approved by AICTE and DTE,Govt. of Maharastra. TIMSR has a proven track record of excellence and is an ISO 9001:2008 certified organization, committed towards providing quality education. ABOUT THE CONFERENCE TIMSR has always endevoured for helping the corporate world by identifying their current problems & issues. The theme of this conference is based on the problems of the industrial world which are identified through the discussion of TIMSR staff with Tarapur Management Association(TMA). The research contributions in this conference will address the problems of the industry & will lead towards strengthening the ‘Make in India’ initiative of the GOI. OBJECTIVE OF THE CONFERENCE The greatest challenge that humanity faces today is that we plan and carry out human activities in a manner compatible with the Earth’s resource systems .Despite the fact that the concept of sustainable development has been developed and studied for several decades now, its practical application still seems limited and meaningful targets have not been met : indeed, we are still operating unsustainably. With the awareness that we must rethink our social and economic systems in order to make economic and social development more resource efficient and more equitable to all, both across the planet and in future generations, the conference will bring together all the stakeholders for addressing the issues of how to face the global economic, social and environmental challenges of sustainability. From Conveners’ Desk….. The greatest challenge that the humanity faces today is that we do not plan and carry out activities in a manner compatible with the Earth’s resource systems. Despite the fact that the concept of sustainable growth has been developed and studied for several decades now, its practical application still seems limited and meaningful targets have not been met: Indeed we are still not operating sustainably. The time has come to rethink onour social & economic systems in order to make the usage of resources more efficient and equitable to all across the planet. This conference has achieved it’s objective of bringing together all the stakeholders for addressing the issues of how to face the global economic, social and environmental challenges for sustainability. Around 100 research scholars have contributed research papers on the theme. The deliberations in the conference have addressed the issues and problems and came up with the probable solutions. We are glad to present a compendium of the research papers presented in the conference in the form of ‘Conference Proceedings’ for the benefit of future researchers. Dr. Ramakumar Ambatipudi Director Thakur Institute of Management Studies & Research, Mumbai Tarapur Management Association India is a country imbued with rich natural resources. The old adage goes that India is a rich country but inhabited by the poor people. The greatest paradox is that as a nation, we are not able to utilize our resources judiciously. We have also failed to develop our manufacturing belt like China, Germany and other advanced countries of the world. Make in India is a programme initiated by the present Prime Minister to strengthen the country’s economic potential by harnessing it into the development of its industrial sector. In India, the labour is not only in plenty but even the skilled labour is easily available owing to the fact that there is unemployment even in the educated class of the country. With Asia becoming the manufacturing hub, India will soon become the preferred manufacturing destination of most investors across the globe. India’s economy is developing as a super power which has, of course, immense potential to tap natural resources for manufacturing & Service sectors. The deliberations in the conference were of very use in solving the various difficulties & challenges of the industrial world. I would like to appeal the organizers for conducting many more conferences with the industry and industry associations in time to come. Mr. G. V. S. Kumar President Tarapur Management Association International Journal of Advance and Innovative Research Volume 5, Issue 3 ( V ): July - September 2018 Editor- In-Chief Dr. Tazyn Rahman Members of Editorial Advisory Board Mr. Nakibur Rahman Dr. Mukesh Saxena Ex. General Manager ( Project ) Pro Vice Chancellor, Bongaigoan Refinery, IOC Ltd, Assam University of Technology and Management, Shillong Dr. Alka Agarwal Dr. Archana A. Ghatule Director, Director, Mewar Institute of Management, Ghaziabad SKN Sinhgad Business School, Pandharpur Prof. (Dr.) Sudhansu Ranjan Mohapatra Prof. (Dr.) Monoj Kumar Chowdhury Dean, Faculty of Law, Professor, Department of Business Administration, Sambalpur University, Sambalpur Guahati University, Guwahati Dr. P. Malyadri Prof. (Dr.) Baljeet Singh Hothi Principal, Professor, Government Degree College, Hyderabad Gitarattan International Business School, Delhi Prof.(Dr.) Shareef Hoque Prof. (Dr.) Badiuddin Ahmed Professor, Professor & Head, Department of Commerce, North South University, Bangladesh Maulana Azad Nationl Urdu University, Hyderabad Prof.(Dr.) Michael J. Riordan Dr. Anindita Sharma Professor, Dean & Associate Professor, Sanda University, Jiashan, China Jaipuria School of Business, Indirapuram, Ghaziabad Prof.(Dr.) James Steve Prof. (Dr.) Jose Vargas Hernandez Professor, Research Professor, Fresno Pacific University, California, USA University of Guadalajara,Jalisco, México Prof.(Dr.) Chris Wilson Prof. (Dr.) P. Madhu Sudana Rao Professor, Professor, Curtin University, Singapore Mekelle University, Mekelle, Ethiopia Prof. (Dr.) Amer A. Taqa Prof. (Dr.) Himanshu Pandey Professor, DBS Department, Professor, Department of Mathematics and Statistics University of Mosul, Iraq Gorakhpur University, Gorakhpur Dr. Nurul Fadly Habidin Prof. (Dr.) Agbo Johnson Madaki Faculty of Management and Economics, Faculty, Faculty of Law, Universiti Pendidikan Sultan Idris, Malaysia Catholic University of Eastern Africa, Nairobi, Kenya Dr. Neetu Singh Prof. (Dr.) D. Durga Bhavani HOD, Department of Biotechnology, Professor, Mewar Institute, Vasundhara, Ghaziabad CVR College of Engineering, Hyderabad, Telangana Prof. (Dr.) Shashi Singhal Prof. (Dr.) Aradhna Yadav Professor, Professor, Amity University, Jaipur Krupanidhi School of Management, Bengaluru Prof. (Dr.) Alireza Heidari Prof.(Dr.) Robert Allen Professor, Faculty of Chemistry, Professor California South University, California, USA Carnegie Mellon University, Australia Prof. (Dr.) A. Mahadevan Prof. (Dr.) S. Nallusamy Professor Professor & Dean, S. G. School of Business Management, Salem Dr. M.G.R. Educational & Research Institute,Chennai Prof. (Dr.) Hemant Sharma Prof. (Dr.) Ravi Kumar Bommisetti Professor, Professor, Amity University, Haryana Amrita Sai Institute of Science & Technology, Paritala Dr. C. Shalini Kumar Dr. Syed Mehartaj Begum Principal, Professor, Vidhya Sagar Women’s College, Chengalpet Hamdard University, New Delhi Prof. (Dr.) Badar Alam Iqbal Dr. Darshana Narayanan Adjunct Professor, Head of Research, Monarch University, Switzerland Pymetrics, New York, USA Prof.(Dr.) D. Madan Mohan Dr. Rosemary Ekechukwu Professor, Associate Dean, Indur PG College of MBA, Bodhan, Nizamabad University of Port Harcourt, Nigeria Dr. Sandeep Kumar Sahratia Dr. P.V. Praveen Sundar Professor Director, Sreyas Institute of Engineering & Technology Shanmuga Industries Arts and Science College Dr. S. Balamurugan Dr. Manoj P. K. Director - Research & Development, Associate Professor, Mindnotix Technologies, Coimbatore Cochin University of Science and Technology Dr. Dhananjay Prabhakar Awasarikar Dr. Indu Santosh Associate Professor, Associate Professor, Suryadutta Institute, Pune Dr. C. V.Raman University, Chhattisgath Dr. Mohammad Younis Dr. Pranjal Sharma Associate Professor, Associate Professor, Department of Management King Abdullah University, Saudi Arabia Mile Stone Institute of Higher Management, Ghaziabad Dr. Kavita Gidwani Dr. Lalata K Pani Associate Professor, Reader, Chanakya Technical Campus, Jaipur Bhadrak Autonomous College, Bhadrak, Odisha Dr. Vijit Chaturvedi Dr. Pradeepta Kishore Sahoo Associate Professor, Associate Professor, Amity University, Noida B.S.A, Institute of Law, Faridabad Dr. Marwan
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