India - Lean Manufacturing/World Class Manufacturing and Enterprise Transformation - Case Study Review - January

Lean Enterprise Theory - Articles and Presentations

Outside of Toyota City, the best manufacturing operation is in Chennai, says James P Womack, the founder-chairman of Lean Enterprise Institute, a non-profit educational and research organisation. That is evidence that Indian companies can implement and sustain “lean” systems.
2008 - Womack's interview - Business Standard
http://www.business-standard.com/article/management/-39-most-indian-managers-don-39-t-know-what-is-possible-39-108082601053_1.html

2013

1. GOKALDAS EXPORTS (A): THE CHALLENGE OF CHANGE
Stanford case study 2013
http://www.stanford.edu/~nbloom/GEX.pdf


2. Lean Manufacturing in Indian Industries: A Review
International Journal of Latest Trends in Engineering and Technology (IJLTET)
Priti B. Khadse, Department of Mechanical Engineering, Lokmanya Tilak College Of Engineering, Navi Mumbai, Maharashtra,India
Avinash D.Sarode, Department of Mechanical Engineering, Lokmanya Tilak College Of Engineering, Navi Mumbai, Maharashtra,India
Renu Wasu, Department of Applied Chemistry, Lokmanya Tilak College Of Engineering, Navi Mumbai, Maharashtra,India
http://ijltet.org/wp-content/uploads/2013/09/24.pdf


Manimay Ghosh, (2013) "Lean manufacturing performance in Indian manufacturing plants", Journal of Manufacturing Technology Management, Vol. 24 Iss: 1, pp.113 - 122
http://www.emeraldinsight.com/journals.htm?articleid=17068423



3. Implementing Lean Tool JIT in Gear Manufacturing Company- A Study
http://theglobaljournals.com/paripex/file.php?val=OTI3

4. A Study on Application of lean Manufacturing Methodologies in Indian Electronics Manufacturing Industry
 Research Journal of Engineering Sciences
Vol. 2(5), 11-14, May (2013)
Ningombam Devarani Devi1, , Sorokhaibam Khaba2  and Pranab Kumar Dan3
1Dept. of Electronics and Communication Engg., National Institute of Tech. Karnataka, Surathkal; Srinivasnagar, Mangalore, Karnataka, INDIA
2,3Dept. of Industrial Engg. and Management, West Bengal University of Tech., BF-142, Sector 1, Salt Lake City, Kolkata , West Bengal, INDIA
http://www.isca.in/IJES/Archive/v2/i5/3.ISCA-RJEngS-2013-041.pdf

5. Relaxo Footware - Use of Lean Techniques
http://www.vcs.co.in/consulting/case-studies/3215-case-study-1.html


6. AN INVESTIGATION ON ADOPTION OF LEAN PRODUCTION PRINCIPLES IN KITCHENWARE MANUFACTURING INDUSTRIES.
INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS
JANUARY 2013 VOL 4, NO 9
Mrs.G.S.Subashini, Assistant professor, Department of Business Administration, Annamalai University,
Chidambaram. Tamil nadu. India.
Dr.S.Mohan kumar, Assistant professor, Department of Business Administration, Annamalai University,
Chidambaram. ,Tamil nadu. India.
http://journal-archieves27.webs.com/271-279.pdf

2012

7. Cellular Manufacturing Layout Design in Inner Tube Manufacturing Industry : A Case Study
International Journal of Scientific Engineering and Technology (ISSN : 2277-1581),
 Volume No.1, Issue No.6, December 2012, pg : 306-313
D. Arun Kumar, V. Ramesh
Department of Industrial and Production Engineering, S.J. College of Engineering, Mysore, Karnataka, India
http://ijset.com/ijset/publication/v1s6/306-313%20IJSET_ARUN.pdf

Lean Manufacturing Auto Cluster at Chennai
http://link.springer.com/article/10.1007/s40032-012-0035-z#page-1
Journal of Institute of Engineers of India ser. c (October - December 2012)


8. LEAN MANUFACTURING APPROACH TO IMPROVE THE PERFORMANCE OF KITCHENWARE MANUFACTURING INDUSTRY IN
CHENNAI (INDIA)
International Journal of Mechanical and Production Engineering Research and Development (IJMPERD )
Vol.2, Issue 3 Sep 2012 56-66
1G.S.SUBASHINI , 2 S.MOHAN KUMAR & 3B.ASAITHAMBI
1, 2 Assistant Professor, Department of Business Administration, Annamalai University, Chidambaram.,
Tamil Nadu, India.
3  Assistant Professor, Department of Manufacturing Engineering, Annamalai University,
Chidambaram, Tamil Nadu, India.
 http://www.tjprc.org/files/2-67-1346382428-6-Mech%20-%20IJMPERD%20-%20Lean%20-%20G.S.Subashini-p.pdf

9. An Application of Value Stream Mapping In Automotive Industry: A Case Study
International Journal of Innovative Technology and Exploring Engineering (IJITEE)
ISSN: 2278-3075, Volume-1, Issue-2, July 2012
http://ijitee.org/attachments/File/v1i2/A0125061212.pdf

10. Improvement of Crankshaft Assembly Supply Chain Using Lean
Techniques-A Case Study
International Journal of Modern Engineering Research (IJMER)
  Vol.2, Issue.2, Mar-Apr 2012 pp-403-406
http://www.ijmer.com/papers/vol2_issue2/BS22403406.pdf


Lean Implementation at Siemens Kalwa Plant Harvard Case Solution & Analysis
by Jamie Anderson, Subramanian Chidambaran, Vaibhav Khandekar Source: Richard Ivey School of Business Foundation 20 pages. Publication Date: 09 May 2012. Prod. #: W12998-PDF-ENG

11. LEAN IMPLEMENTATION IN MANUFACTURING INDUSTRY: A  CASE STUDY
INTERNATIONAL JOURNAL OF INDUSTRIAL  ENGINEERING RESEARCH AND DEVELOPMENT (IJIERD)
Volume 3, Issue 1, January- June (2012), pp. 13-20
http://www.iaeme.com/MasterAdmin/UploadFolder/LEAN%20IMPLEMENTATION%20IN%20MANUFACTURING-2.pdf

2011

The Development and Implementation of Lean Manufacturing Techniques in Indian garment Industry
Jordan Journal of Mechanical and Industrial Engineering, Volume 5, Number 6, Dec. 2011

12. Ravikumar Marudhamuthu* ,a , Marimuthu krishnaswamyb , Damodaran Moorthy Pillaic
aDepartment of Mechanical Engineering, Faculty of Automation and Robotics, Pallavan College of Engineering, Anna University,  Thimasamudram, Kanchipuram-631502, India.
bCoimbatore Institute of Technology, Coimbatore, India.
http://jjmie.hu.edu.jo/files/v5n6/JJMIE-107-10.pdf


13. Process Cycle Efficiency Improvement Through Lean: A Case Study
International Journal of Lean Thinking Volume 2, Issue 1 (June 2011)
http://www.thinkinglean.com/img/files/020203m.pdf

14. Enhancing Productivity of hot metal in Blast furnace -A case study in an Integrated Steel Plant
Vizag Steel Plant case study
O. Ram Mohan Rao et al. / International Journal of Engineering Science and Technology (IJEST)
Vol. 3 No. 4 Apr 2011
http://www.ijest.info/docs/IJEST11-03-04-187.pdf

WORK IN PROCESS OPTIMISATION THROUGH LEAN MANUFACTRING
KRISHNAN. PV. B et.al., Int. J. Eco. Res., 2011, 2(2), 19-25
http://www.ijeronline.com/documents/volumes/Vol2issue2/ijer201102023.pdf


15. Case Study of Oilgear Towler Polyhydron Ltd. (OTPL)., Belgaum
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1635731


16. Lean Excellence Program at LMW
http://kaizeninstituteindia.wordpress.com/2009/11/03/how-operational-excellence-saved-lmw-during-recession-while-competitors-burned/

17. Gold Seal Engineering Products Ltd. Lean Mfg Implementation
http://www.1000ventures.com/business_guide/cs_lean_gsep.html

Gokaldas Exports Limited - Lean and Six Sigma Implementation
http://www.tbmcg.in/cases/GokaldasExportsCaseStudy.pdf

18. Gujarat Themis Biosyn Limited, Vapi - Lean Implementation
http://www.unido.org/fileadmin/import/75384_070913_Sess1403_SinghLeanPharma.pdf


19. Indian Manufacturing Sector - Strengths and Weakness - 2007 Deloitte Report
http://www.deloitte.com/assets/Dcom-Canada/Local%20Assets/Documents/Globalizing%20Indian%20Manufacturing(1).pdf

Lean Training in India

http://www.leaninstitute.in/

Learn fundamental principles of Lean Manufacturing
TUV India Pvt Ltd
801, Raheja Plaza 1, L.B.S. Marg, Ghatkopar (West)
Mumbai – 400086
http://www.tuv-nord.com/in/training/lean-manufacturing-1413.htm


Government Support to Lean Mfg in India

2010 scheme for MSME
http://www.dcmsme.gov.in/schemes/leanmanfucturing10.pdf

Lean - Consultants - India

http://www.snic.co.in/leanmanufacturing.php

http://www.technosyscon.com/lean-manufacturing-consultant-pune-india.php

INDUSTRY ANALYSIS AND VALUATION - Housing Finance - INDIA

Assignment of Varun Singh

PGDIM-15, NITIE

2008-2010

Date of Posting 16 February 2009

Learner Assignment -Data, Information, News, Analysis and Valuation

Data and News Relevant for analysis and valuation of the industry will be given in this knol as a part of learning effort by students of investment analysis, security analysis and equity research courses. 

The information is meant for demonstrating the application of textbook principles by learners only. It is not for commercial decision making by investors. Investors are advised to contact and consult registered investment advisors only.

________________________________________________________________________________

Industry Classification

Life cycle position

Housing finance as a financial service is relatively young in India. The growth in housing and housing finance activities in recent years reflect the buoyant state of the housing finance market in India. The real estate sector is the second largest employment generator in the country.

In 1970, the state set up the Housing and Urban Development Corporation (HUDCO) to finance housing and urban infrastructure activities, in 1977, the Housing Development Finance Corporation (HDFC) was the first housing finance company in the private sector to be set up in India.

Currently there are 29 HFCs approved for refinance assistance from NHB.

The following types of home loans are generally available in the market:

·         Home Equity Loans: A form of finance to the customer by way of mortgage of existing property to the financier for taking a loan for some other purpose. The current market value of the property is the basis for providing home equity loans.

·         Home Extension Loans: The purpose of this loan is the extension of existing houses tike the addition of rooms, toilet facilities etc. Such loans fall under the category of home loans.

·         Home Improvement Loans: These loans are provided mainly for repairs and maintenance of existing houses- These could include internal and external repairing, waterproofing and roofing, complete interior renovation, tiling and flooring etc.

·         Home Purchase Loans: Finance provided for the purchase of ready-made houses.

·         Land Purchase Loans: These loans are being provided for the purchase of land for the purpose of construction of residential houses.

Top

Business cycle

Top
 

________________________________________________________________________________

External Factors

Government

 

Policy Annoucement in Last Quarter

 

NBFCs’ growth had been constrained due to lack of adequate capital.

On 2 January 2009, the government and the Reserve Bank of India announced another set of measures to stimulate the economy, after having announced a few measures in December 2008. The package focuses on:

Reviving demand for the housing sector by facilitating Rs.4,000 crore refinancing facility for National Housing Bank (NHB), granting priority sector lending status to loans upto a maxi mum limit of Rs.20 lakh per dwelling per family by housing finance companies with the approval of NHB, concessional treatment to commercial real estate loans which have been restructured upto 30 June 2009 and lowering the interest rates on home loans upto Rs.20 lakh.

The package will not provide a major boost to the residential market immediately as property prices play an important role while making a buying decision. Property prices continue to remain high with an average home in metro cities costing well above Rs.20 lakh, the upper limit of the amount on which interest rate concession is granted.

The government eased the external commercial borrowing (ECB) norms by allowing non-banking finance companies and housing finance companies to raise money overseas through FCCBs subject to RBI approval.

General Policy

 

Policy Changes Expected in the Near Future

 

 

Top

Social

The mortgage penetration continues to remain abysmally low – in India the mortgage to GDP ratio is at around 6% (in FY08) against over 51% in the USA. Even if one were to benchmark against more comparable counterparts, the ratio ranges from 15% to 20% for most South East Asian nations.

High down payment requirement and non-availability of the title deeds in the absence of land records are some of the reasons responsible for the inability of the companies in reaching out to the vast population living in rural areas.

Top

Demographic

Housing finance assistance of formal institutions has been limited to the middle-income and high- income groups. Companies have also not been able to penetrate the rural areas.

Top

________________________________________________________________________________

Demand Analysis

End users

The housing finance sector in India has undergone unprecedented change over the past two decades. The consumption pattern amongst the Indian population is expected to change 2013. The strivers are less but aspirers and rich are significant higher compared to 2003.
 

Top

Real and Nominal Growth

The tower interest rate regime, rising disposable incomes, stable property prices and fiscal incentives made housing finance attractive business for commercial banks. Further, housing finance traditionally has been characterized by low nonperforming assets (NPAs) and given the vast demand for housing loans, almost at t the major commercial banks plunged into the business of housing finance. The robust growth during the last decade has been triggered by a number of factors, some of which are listed below:

·         Tax rebates on housing loans announced consistently in the annual budgets of the country.

·         Fatting interest rates on home loans: Fixed interest rates calculated on an annual rest basis for a loan of Rs. 1 million for tenure of 15 years have fatten from 16% in 1997-98 to 9.5% in 2005-06. Floating rates for short maturity housing loans are today hovering in the range of 7.75-9.75%.

·         Greater amount of professionalism of the real estate developers and builders who are capable of acquiring clearer titles and completing the projects on time.

·         Borrowers can raise up to 100 % of even 110% (in which case the tenders provide financial assistance for the complete property value, stamp duty, registration and an additional 10% is given for the interior decorations) of their borrowing requirement from the tenders.

Top

Original Knol - Number 954