Speaker At CII National Conference

CII National Conference -  26 Nov'2012

Speaking on opportunities for machinery industry in the 12th 5 year Plan, in a conference organised by Govt. of India and CII " Emerging Opportunities for Capital Goods Industry".

Presentating a Paper on Jainism in TPF National Conference

Presentating a Paper on Jainism in TPF National Conference

  

Addressing Our Shareholders in AGM

  Addressing Our Shareholders in AGM

JAIN PRINCIPLES & PRACTISES - Its application in our working life

JAIN PRINCIPLES & PRACTISES 
                      - Its application in our working life !!


I used to think that Jainism and similar dharmas are meant only for soul purification
and reaching a higher level of spirituality, hence always stayed away from it. I thought
that I was too young to understand and follow the same. I had many important
priorities in life like building my career, my business and becoming successful and
famous in a materialistic sense. Like most I didn’t see our religion being of much help
in this – in fact saw it as an impediment as it would take away valuable time.
Many youngsters feel the same and think understanding dharam etc is meant for old
age when we have done our bit in the materialistic world and feel the need to add some
positive karmas for a better next life. However when I started reading the basics of
Jainism, I was surprised to see that many of the basic tenets are as useful for our
materialistic world as they are for our spiritual.
When the Jains migrated from India to East Africa at the turn of the twentieth century,
they took very little in their pocket, but their culture helped them not only to flourish
but also to educate and transform a whole new generation. Their influence on the
economic development of that region has been significant.
We normally rely on books written by modern day Management Gurus or books like
Arthashastra of Chanakya, however it’s surprising that there is so much we can apply
from Jain philosophy and practices. I would like to share some of the principles and the
context in which they can be useful in shaping and building our working/business
lives:
· Satya (truthfulness): In business goodwill, credibility and reputation are very
important for long term success. We have living examples of Groups like Tatas, Infosys
and Godrej among others who have succeeded working on this principle and have
survived over years. They apart from being very successful are also highly respected.
· Anekant (tolerance and acceptance of diverse and different views): We all know
that there are perspectives and ways of looking at the same thing. In order to be an
astute and sharp businessman you need to take into account all points of view to take a
balanced and informed decision. People, who are adamant and egoistic and refuse to
listen to others viewpoint, normally don’t go far in life. In today’s context collaborative
and participative type of management is catching up.
This principle is probably the most important and powerful principle for success in life.
An example of this is the success of MBAs in the corporate world, which is due to their
knowledge of various facets of business, which helps them understand problems and
situations from various angles and come out with solutions.
Most of the businesses in new lines like IT, education, e-commerce have succeeded
because of the capability to follow “Anekant” and think out of the box and move away
from traditional lines of business which have low margins and high competition.
· Aparigraha: This concept has multifold meanings. A couple of relevant ones are:

• One of them is to keep limited resources in hand. This is very important intoday’s world, to utilize the available resources productively and not keep idle assets. For example, we should keep limited stocks, cash with us and avoid interest and holding cost.

• Another angle of is having limited desires. History has enough examples of people frittering away their wealth and capital due to undesired habits like drinking, smoking etc. By practicing this, we reduce our useless desires and save money. We also stay healthy in mind and body – an essential to be successful. It may sound surprising, but if we add the money spent by people on liquor, tobacco or gutkha in their lifetime – it would be equal to a fortune.

· Ahinsa (non violence): non – violence is normally attributed to physical violence.
However it starts from the mind and then moves onto words and deeds. It goes beyond
human being and extends to all living beings. When one respects all living beings, its
natural character is filled with humility and simplicity. Such a belief leads to developing
an employee friendly environment and sensitivity for the environment. Today the
importance of preserving the environment has become one of the key factors for
sustainable development. In fact many international customers have made such
measures mandatory for buying. Companies for environment friendly measures are
earning immense amount of money by way of carbon credit and goodwill of customers.
· Ahinsa and Aparigraha (non violence and non possession): These principles have a cause and effect relationship. When one develops greed to possess more and more, he
mentally and physically is tempted to be violent to forcibly attain things. This makes
him adopt unlawful and unethical means, which creates enemies from all segments of
the business environment. This leads to ultimate downfall. An example of this is the
recent downfall of Satyam Computers, which cheated all, and sundry and ultimately
was defeated by the combined forces of the Law, Government, Investors, Employees
and Customers.
· Pratilekhna (introspection): this is a practice followed by monks and nuns to take
check and take care of their belongings twice a day to ensure no creature or insect
latches onto their things. In business world, one needs to take care of his resources and
ensure they are used properly. Resources are very critical for success of any business
and hence they need to be taken care carefully.
· Samyak Faith (Right Faith): faith is knowing the truth and believing in the truth;
believing in yourself and in the context of business believing that you can be a
successful businessman and you deserve all the good things in your life.
· Samyak Gyan (Right Knowledge and Understanding): is crucial to work /
livelihood. Business is always a means and never an end. Profit is not the overriding
aim; quality service, workmanship and discipline are equally important. If understands
the right meaning of work and enjoys it – it converts from being a
burden/responsibility to being an integral part of happiness.

· Samyak Darshan (Rational vision): One who possesses Samyak Darshan will view
things with maturity. He will never be driven solely by feelings. He would make a
balanced judgment. In the absence of this, neither knowledge nor conduct can be
samyak (right or enlightened).

· Samyak Charitra (Right conduct): this is conduct based on understanding. This
guides everyone from atom and galaxy – perfect balance between power and
perfection. One who has achieved Samyak Charitra would not behave irrationally or
unjustly or ethically wrong. This earns him respect and trust from everyone around
and this is the cornerstone for networking and getting support from everyone in
achieving one’s goal.

· Sanwar (limiting deeds/karma): this means limiting activities that look nice but
actually are detrimental to the long term upliftment of the soul. This is an important
lesson in working life, where we are tempted towards things for short term gains,
which lead to long term losses. A leading example of this is the insider trading case,
which bought the downfall of reputed people like Rajat Gupta in USA.

· Punya – Paap (good – sinful deeds): it is common knowledge that good deeds/karma
brings punya and bad deeds bring sin to the soul. In the context of business, good work
leads to profits and inferior work leads to losses. Hence its important to weed out bad
influences/actions/work from businesses and encourage good practices and systems –
the influence will be positive and lead to success and happiness like accretion of punya
does to our lives.

· Karam (Deeds): is most important: this principal is of paramount importance. We
have seen many people give up in life saying that its God’s wish or destiny. However
Jainism teaches us that our destiny and future is based on our own deeds and we are
the architects of our own lives. This gives strength to fight in difficult times and come
out victorious in all situations. It helps one to be positive and optimistic, and remove
negativity and pessimism.

· Nirjara (erosion of karma): this means removal/finishing the karmas attached to
one’s soul. In business, it’s similarly important that we remove all bad, harmful and
unwanted segments of organization so that it shines like a soul does after Nirjara.

· Pratikraman/ Khamat Khamna (Asking for forgiveness): this is an exercise for
saying sorry and asking for forgiveness for our sinful & incorrect activities. This is an
enabler for moving ahead and leaving behind shackles of negativity and egoism. It also
helps to relieve the burden of guilt and build relations rather than break them – which
is very important in business. An organization must also similarly have a system of
periodic examination of its activities and weed out all unproductive/wrong processes.

· Meditation: practice of this leads to improvement in analytical skills, reasoning and
memory power which is very very important for being successful in life. It further
helps in stress management. The power of clear thought and ability to focus is essential
for success in business.
· Jeewan Vigyan (health & life study): A stable, strong and healthy body is very critical
to work hard in life. A weak body can never focus on work and give its best to it. If we
just remember our own productivity when we have even a simple cold, we will
understand the importance of this.
· Saiyam (self discipline): a man should be a master of his senses, self control is very
important. This is a key ingredient of a successful working life and keeps one away
from excesses, which deviates one from his objectives and goals of life.

· Tapasya (Fasting/abstaining from things): this people attribute normally with not
eating. However if we look deeper, the real learning from this is self control and
discipline that comes when we restrain from doing things, which we want and desire.
This enables attainment of the previous point. It also gives the courage to sacrifice
without any selfish motive.

· Ek guru, ek sangh (one leader and one group): it has been professed that there
should be one leader to a group. This is important to have a clear line of understanding,
avoid confusion in sub-ordinates/employees as to their duties & responsibility.
Multiple leaders, creates dangers of people working within the same organization at
cross purposes and negating all the efforts made to progress. The people should have
complete faith in their leader to ensure full commitment and sincere efforts.

· Proper organization & distribution of work: even Lord Mahivira organized his
monks and nuns in a very systematic fashion. Different monks and nuns held different
posts with different responsibilities. The sect was run like any good king would run his
State. The same is clearly visible in any successful religious order (including our Jain
Terapanth sect). It teaches us how to organize and manage our business entity to
ensure the final goals and objectives are met.
· Equality of people and gender: it is strongly propagated that by birth all are equal
and women are equal to men. Lord Mahavira treated all equally and encouraged
respect for others. In today’s world where education, intellect and determination
knows no boundaries, it is very important to treat all equally to get the best out of
people related – directly as employees and indirectly as vendors/customers. Today
where women and so called backward classes are playing important roles in all walks
of life – those who don’t respect them are losing an important link to succeed. No one
wants to deal or work with people who don’t respect and treat everyone fairly.

I sincerely hope that this small effort to understand and adopt the principles of Jainism
will lead to a better, successful and honest conduct of one’s working /business life. This is
a small step to bring out the power of religion and its principles/practices in the
materialistic world in which most of us live. This would slowly but steadily create
equilibrium between our spiritual and materialistic segments of life. Hope this would acts
as an enabler to initiate more views, more thoughts and more applications of our
wonderful religion in our lives.
As I conclude, I would like to emphasise that if we look around we can find multiple
examples of successes of people who have followed the above points. They are not
necessarily Jains by birth/religion, but are people who are knowingly or unknowingly
following the principles of Jainism. This isn’t just an academic effort; it has come out of a
combined understanding of theory and practice. However, this is just a beginning not the
end of this subject – the deeper we dwell on this, the more substance we shall find.
.

Speaker in Texcon 2012 – organised by Ministry of Textiles and CII on July 5, 2012

Speaker in Texcon 2012 – organised by Ministry of Textiles and CII on July 5, 2012

Time to Celebrate !!

We are glad to announce our brand “T.T.“ has been awarded with MASTER BRAND STATUS BY CMO ASIA (affiliate of CMO COUNCIL, USA)

 

Award Function Organized @ Taj Lands West

Business Notes - DYEING UNITS Getting

After almost seven months of im- passe and uncertainty, around 750 closed dyeing and bleaching units in Tirupur, Tamil Nadu they have finally seen a ray of hope. The newly-elected chief minister, Jayala-lithaa, as promised in her election manifesto, has taken a conscious de-cision to provide these units, catering to the needs of 5,000-odd garment manufacturing units in the textile hub of Tirupur, with an interest-free loan of Z200 crore. This funding will enable these units upgrade their ex-isting effluent treatment processes towards meeting the zero liquid dischage norms as directed by the Madras High Court. The court direc-tive came on 28 January this year following petition filed by non-gov-ernment bodies and farmers against these units for polluting Noyyal. Riv-er flowing through the city.

The state government's move is being seen as a major relief to this textile hub, which lately faced a mas-sive challenge after the court ordered closure of all the dyeing and bleach-ing units for not meeting the zero liquid discharge norms. Ever since the court order, all these units are ly-ing closed, forcing the garment units in the region to get their dyeing and bleaching jobs done from far away places for higher costs.

Falling into place "The new gov¬ernment has certainly lived up to its promises. The help has come at a time when the industry had almost lost all hopes. Now as things are fall¬ing in place, we could continue with our endeavour to increase our share in the global export market," says A. Sakthivel, president, Tirupur Export¬ers' Association. Tirupur annually exports around Z12,000 crore worth knitwear to various overaseas mar¬kets, employing in excess of 5 lakh people. The ongoing closure has ad¬versely impacted 2 lakh jobs in the region. "We are currently in the pro¬cess of preparing an extensive report, detailing the method that we are go¬ing to adopt in our existing effluent

treatment system to make it compli-ant to the prescribed norms. We will be submitting the report in the next couple of weeks and based on that the fund will be released by the state government for the upgradation pur-pose," states S. Nagarajan, president, Tirupur Dyers'Association, which is currently in discussion with various companies, offering effluent treat¬ment solutions.

Out of the 750 dyeing and bleach-ing units situated in the area, 502 units are connected to 20 common effluent treatment plants (cm's), while the re-maining units have their individual plants. It has been decided that one of the two advanced methods - brine water solution method or the nano technology treatment of effluents - will be adopted to ensure zero-liquid discharge. Currently, under the su¬pervision of the Tamil Nadu Pollution Control Board in one of the CETPs the efficacy of brine water solution meth-od with some modifications is being tried. While critics have expressed doubts about the successful outcome of such methods, Nagarajan is quite opti-mistic. "With certain modifications in the existing systems, we can certainly achieve the goal. We will be upgrad-ing our plants in a phased manner and am hopeful that all our units will be operational by this year end."

Over the years, though Tirupur

has emerged as the biggest knitwear producing region in the country, the industry has been struggling to ad-dress the problem of pollution. In the last few years, the dyeing and bleach-ing units have spent more than Z800 crore in their effluent treatment sys-tems in order to bring down the level of pollution. In 2005, as advised by the Anna University and HT, Chennai, the industry set up a system, where 80 per cent of the water was cleaned through a reverse osmosis system and 15 per cent through multiple evapo¬rators. However, the remaining 5 per cent continued to be a problem. "For bleaching units, it maybe feasible to implement zero discharge norms, but same may not be applicable for dyeing units. However, it is no harm giving an attempt," says Sanjay Jain, vice-president, Federation of Hosiery Manufacturers' Association and joint managing director, IT Ltd which has a spinning unit in Tamil Nadu.

The closure of these units in the region has forced garment manu-facturers, who are already under pressure due to rise in input costs, to send their orders to other centres adding to their overall dyeing and bleaching cost by as much as 25 per cent. Moreover, exporters _,tare also losing orders to other countries since they are unable to meet the stringent delivery schedule. In the last seven months, ever since the closure, the Tirupur exporters along with dyeing and bleaching units have lost to the tune of around Z1,400 crore and it is estimated that this may bring down their overall exports by almost 30 per cent during the current fiscal.

• AHRIND CMPIA

Conference organised by West Bengal MSME Ministry & Assocham in Kolkata

Press Release for T.T. Limited

T T LIMITED

“T T GARMENT PARK”
879, MASTER PRITHVI NATH MARG
OPP: AJMAL KHAN PARK, KAROL BAGH,
NEW DELHI – 110 005, INDIA
TEL: 0091 11 45060708 FAX: 0091 11 45060741
EMAIL: export@tttextiles.com
WEBSITE: http://www.tttextiles.com

PRESS RELEASE
T.T. AWARDED “MASTER BRAND” STATUS

T.T. Brand has been awarded the “Master Brand “ status by the CMO Asia Wing (affiliate of CMO, Worldwide) in a glittering award ceremony on February 14, 2012 in Taj Land Ends, Mumbai.

This award was received by the Managing Director, Mr. Sanjay K Jain. This award was given in recognition of the popularity, reliability and credibility of the brand over the years and reinforced the value systems been followed for the last 41 years by the brand owner.


The Brand was founded and launched by Dr. R C Jain in 1970 and has over the years grown to become a household name in a widely diversified range of products. The brand is sold in over 35 countries spread across 5 continents and holds registration in many countries apart from India.

In India the brand products are mainly sold through T.T. Limited which has large dealer network spread all across India. It currently held its annual dealer meet in Delhi which was attended by over 500 dealers from all parts of India. The Company launched many new products in its inner and casual wear category for men, women and kids. The innerwear and casual wear category is looked after by its Joint Managing Director, Mrs. Jyoti Jain.



RSVP

M.S RANA
MEDIA MANAGER
T TLIMITED
NEW DELHI
+91 9899170717

Mr. Sanjay K Jain, Managing Director, TT Limited

What scene exists in the global textile & clothing vis-a-vis hosiery market? What are keys to brand recall amidst Indian consumer?

Globally T&C performance has been pretty slow. Last year due to sudden rise in raw material prices, there was an apparent pick up in demand which was more due to increased build up of inventory to capture the benefit of rising prices. This year with prices going down from peak level considerably, demand has slowed down significantly and the average growth of last two years would be in very low -single digits. Real consumer demand in this industry has not picked up much; the volatility of demand figures is more to do with the volatility in raw material prices. I don’t see any major pick up in demand of T&C in 2012, though due to low pipeline inventory we could see some spurt in demand in the first half of 2012. This coupled with limited supplies (as capacities are running at low levels) could see some good gains for the sector in the coming months.

Hosiery/knitted segment has grown in importance vis-à-vis wovens over time due to its ease and comfort of use and the strong wear culture of more casual clothing both in India and worldwide. This segment had been reserved for the small scale till a decade ago which lead to many small units thriving and very few organized, large players in the manufacturing segment. This curtailed use of modern technology especially in the domestic segment. However with things changing, a lot of work has been done on up-scaling machinery and on the design front. Hosiery which was just a basic utility has now slowly become a fashion statement and a large range of styles and cuts have been developed to meet the consumer’s ever growing demand for “new & different”.

Some Keys to make a strong brand in hosiery segment in India are:

• Provide excellent value for money - quality at reasonable prices
• Provide a wide range of styles and cuts to consumers to choose from
• Reduce lead times i.e. Work on logistics
• Innovative marketing schemes
• Spend on branding, esp. point of purchase.
• Creating direct linkages with the retail segment
• Keep changing, keep innovating on all aspects of the package being offered to the consumer

Memorable Moments with Cricketers