'A Report onINDUSTRIAL VISIT'

Submitted in partial fulfillment of the requirement of the Industrial Visit in Business Administration (MGT 3041) subject.

Reg.No :EU/IS/2008/MS/16 Index No: EU/IS/2008/946 11/05/2012

Acknowledgments
I would like to express my gratitude to all those who gave me the possibility to complete this Industrial visit report. First, I would like to convey my deepest appreciation and gratitude to Mr. T. Prabaharan, Dean, Faclty of Commerce and Management, EUSL for giving us an opportunity to carry out this visit. Then, I am very much delighted to offer my gratitude to Mr. V. Kanakasingam, Head, Department of Management, Faculty of Commerce and Management, EUSL, who gave instructions and guidance to do this work. Next, I would like to thank, Mr.Pushpakaran and Mrs.S.Sritharan for the valuable advice and support they gave me during the industrial visit. I would also like to thank my demonstrators Mr.S.Karthikasan, Ms.V.Jeyavahini, Ms.S.Darani and Ms.T.Suthargini for their guidance during the period. My deepest thanks go to the faculty of commerce and management for including this subject in our curriculum in the third academic year. This industrial visit has provided me the first-hand knowledge about the organizational structure and modes of operation in different industries. I was able to observe how the theories that I studied in the previous 2 years in BBA programme, were practically applied in those organizations. Then, we are very much delighted to extend our special thanks to Management and responsible persons of VendolLanka(Pvt) Co. Ltd, Colombo Stock Exchange, Securities and Exchange Commision, LOLC Securities, Biyagama Export Processing Zone, Kandurata Umbrella Company and LebokalaMacwoods Tea factory for the valuable explanation about their products and related information. Then, I thank Mrs.F.B.Kennedy, Mr.Anuraj(Vice-President of the Faculty Union),Mr.Dinesh(3rd year representative) andMr.Puvikumarwho arranged the trip and made all the arrangements for this visit.
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Summary
This subject was included to provide us the first-hand knowledge about the organizational structure and modes of operation in different industries. It was requested by the Head, Department of Management, Faculty of Commerce and Management It was requested to submit on or before 11th of May. The main findings were that about the operations of several enterprises. It was concluded that we could visit 8 different enterprises to observe their operations and we gained enough knowledge about what actually happens in those organizations. The recommendations are that the industrial visit should be organized by the faculty not by students, Places and dates should be informed to students one week in advance for the preparation purpose.

Introduction
Background Industrial Visit in Business Administration MGT 3041 is a subject in our curriculum for the 3rd year BBA students of Faculty of Commerce and Management. According to that subject, an industrial visit was arranged by the Faculty, commencing from 23rd of April to 27th of April. 159 students and 6 staff members were participated in this visit and we visited several organizations in Colombo, Biyagama, Weweldeniya, Kandy and Nuwara-Eliya. After the particular visit, we were requested to submit the report about the industrial visit. This report has been written to provide the outcome information about the industrial visit in business administration. It was requested by the Head, Faculty of Commerce and Management. It was requested to submit the report on or before 11th of May, 2012

Objectives The objectives of this report are: To give the details about the industrial visit To explain the readers about the industries I visited To inform the faculty about the drawbacks in the industrial visit To furnish the recommendations for the next industrial visit

Scope This report examines the basic details about the organizations, working environments, presentations conducted by the organizations, modes of operations in different industries, contribution to the countrys economy and the reasons for their success. It does not examine specifically about the human resource and marketing section of the organizations. Because of lack of time during the industrial visit, the organizations mostly explained about their manufacturing and operating procedures only.

Findings
25th of April, 2012 Biyagama free trade zone
On the 3rd day of our industrial visit, it had been scheduled to visit Biyagama Free Trade Zone which is located in Malwana. We entered the Biyagama Export Processing Zone- A in Walgama, Malwana at 9.00am. As we were in a large group, they requested us to get into two groups. As per their request, we formed two groups. My group was taken inside the BOI premises and the other group was taken for the site visit. We were requested to go for a tea party and after that we went to the conference hall of the BOI. Eng.M.K.D.Lawrance, Director(Zone) - Biyagama Export Processing Zone, Mr.MahindaRamanayake, Senior Deputy Director(Investor Services) - Biyagama Export Processing Zone and other senior officials were there with us in the hall. A presentation on Biyagama Export Processing Zone was conducted by the Director, Eng.M.K.D.Lawrance for about 1 hour. It was a valuable presentation. I have heard about BOI and Biyagama Free Trade Zone. But, that time only I understood what actually happens in the zone. Their system, planning, organizing, leading and controlling were extra ordinary. He mentioned several things in the presentation: In the beginning, he said that the concept of BOI (Board of Investment) is towards ecologically, sustainable and environment friendly concept. Vision and Mission of BOI Vision of BOI To make Sri Lanka a preferred destination for investment in Asia Mission of BOI To be in the forefront of achieving sustainable economic development and employment generation by promoting and facilitating foreign and local investments throughout Sri Lanka

 Establishment of BOI Established under act no. 4 of 1978 as a government principle agency for promotion & coordination of industrial development in Sri Lanka named as GREATER COLOMBO ECONOMIC COMMISION subsequently changed its name as BOI - SRI LANKA by the parliamentary act no. 49 1991 Told about the goals of BOI-Sri Lanka, concessions given for investors and overall performance indicators of BOI Performance Indicators BOI Sri Lanka Total no. of BOI enterprises in operation Total no. of employment Total FDI brought to the country in 2011 BOI Contribution to country out of industrial exports FDI target for 2012 1500 500000 US$ 1Bn (Appr.) 70% US$ 2Bn

After the introduction of BOI, he explained about the Biyagama Export Processing Zone Their profile General Profile of Biyagama Export Processing Zone Total Area Industrial Area Lease Premium for 30 years Annual Ground Rent Enterprises in Commercial Operation Total Investment - US$ Number of Closed down Enterprises Present Employment (End of July 2011) 450 Acres 238 Acres US$ 50,000 per acre US$ 4,235 per acre 57 Nos. 305 Mn. 04 Nos. 22,500

Then he explained the organizational structure of Biyagama Export Processing Zone and their services Services provided by the Biyagama Export Processing Zone for the investors Industrial Relations Engineering Services Investor Services Environment Monitoring Zone Management Fire Aspects Security Aspects Internal Audit Finance Services Verification Services

 The services provided by the Biyagama Export Processing Zone were amazing and I observed how they attract the investors through those valuable services. Because of this attraction, there are already 55 enterprises in operation. Among them Ansell Lanka(Pvt) Ltd, Ocean Lanka(Pvt) Ltd and MAS Active (Pvt) Ltd are the leading enterprises. Then he presented about the projects under construction, Import/Export performance, major issues at the zone limitations and future plans of the zone. After his presentation he requested us to raise questions not only about their administration but also about anything regarding the zone. Some questions and their answers as follows: Questions by Students 1. Mr.Dinesh asked the 1st question You are providing some concessions for investors in manufacturing industry. But, in your first presentation you mentioned that there are emerging opportunities in tourism and leisure section. Therefore, are you providing any tax concessions to investors in the tourism sector? Answers by senior officers of the zone Yes. There are two types of investments; Export oriented investment and Non-Export oriented investment. Manufacturing industries like garments fall into the 1st category, but tourism industry falls into the Non-Export oriented category. We provide tax concessions for the 1st category while importing of capital goods and raw materials. But, as there are no raw materials in tourism industry, we provide tax concessions for only importing of capital goods.[Fixtures, A/cs] Yes, we also would like to train you through our organizations. Please make a proposal through your faculty and we will make the arrangements

2. Mr.Puvikumar asked the 2nd question We have internship training in business administration in our curriculum in the final year. Our students normally are sent to organizations in Batticaloa district only. But, we would like to have our training in the organizations in your zone. Is there any possibilities for that?

Then I addressed the vote of thanks and we were taken to the site visit. Some officers from BOI came with us to explain about the places in the zone. We went to the Common Wastewater Treatment Plant to see how they oxidize the waste water. There we saw maturation ponds, setting tanks, lagoons and oxidation ditch. The officer explained us how they oxidize the waste water and resend that to Kalani paddy fields. Then we were taken to the MAS Active (Pvt) Linea Intimo which is at Lot 89A in the zone. We entered the company at 11.30am and left at 4.00pm. Mr.G.Charaka conducted a presentation about MAS HOLDINGS(Pvt) ltd before the lunch and Ms.Rukshi conducted a presentation on MAS Active (Pvt) Linea Intimo after lunch.

 Background information about MAS HOLDINGS (Pvt) Ltd Product Technology Target in 2012 Established Employees No. of factories in Biyagama Names stand for MAS : : : : : : : Apparel Manufacture Santoni Circular Knitting Technology 1Bn 1986 50000 06(7th will be opened in June) M MAHESH AMALEAN - Chairman A AJAY AMALEAN Deputy Chairman S SHARAD AMALEAN CEO

Conclusion
According the subject MGT 3041, we participated in an industrial visit in business administration between 23rd of April and 27th of April. On the 1stday(23rd of April), we visited Vendol Lanka(Pvt) Ltd and observed their operation. On the 2ndday(24th of April), we visited CSE(Colombo Stock Exchange), SEC(Securities and Exchange Commission) and LOLC Securities(Pvt) Ltd and observed their operations. On the 3rdday(25th of April), we visited Biyagama Export Processing Zone and MAS Active(Pvt) Linea Intimo and observed their operations. On the 4thday(26th of April), we visited Kandurata Umbrella Company and observed their operations. On the last day(27th of April), we visited lebokalaMackwoods Tea factory and observed their operations. After visiting the organizations, I gained a wide knowledge about the operations of the companies and the working environment in those companies.