A Report on Internship Trainning in Spinning Mills

INTRODUCTION An intern is one who works in a temporary position with an emphasis on on-the-job training rather than merely employment, making it similar to an apprenticeship. Interns are usually college or university students, but they can also be high school students or post graduate adults seeking skills for a new career. Student internships provide opportunities for students to gain experience in their field, determine if they have an interest in a particular career, create a network of contacts, or gain credit. Internships provide the employers with cheap or free labor for (typically) low-level tasks (stereotypically including fetching coffee for the office), and also the prospect of interns returning to the company†¦show more content†¦The Indian Textile and Spinning industry The Indian textile industry is one the largest and oldest sectors in the country and among the most important in the economy in terms of output, investment and employment. The sector employs nearly 35 million people and after agriculture, is the second-highest employer in the country. The Indian Spinning Industry is an integral part of the Indian Textile Industry. * India claims to be the second largest manufacturer as well as provider of cotton yarn and textiles in the world * India holds around 25 percent share in the cotton yarn industry across the globe * India contributes to around 12 percent of the worlds production of cotton yarn and textiles * India covers 61 percent of the international textile market * In terms of spindle age, the Indian textile industry is ranked second, after China, and accounts for 23% of the world’s spindle capacity Spinning Companies in India The spinning industry is dominated by large units and it has been able to undergo significant modernization since the 1990s. The main factors behind the modernization include lowering of custom duties and other restrictions on imports of machinery and equipment and lowering of restrictions on imports and exports of raw cotton and yarn. The spinning industry, which is dominated by medium and large units producing more than 90 percent of the output and total value added. During an early period of policy reform (1983–1990), the