PRODUCT AND ITS USESIndustrial hand gloves are important protective apparel for workers in factories and work sites. Hand gloves are of various types and sizes. Fast moving sizes are 14", 16", 18" etc. The materials that go in the production of hand gloves vary from cotton fabrics and asbestos to variety of leathers. However due to statutory regulations asbestos became restricted material for gloves. Leather is supreme material in the production of hand gloves. Amongst leather chrome tanned split leather is predominantly in use possibly because of its cheap price and peculiar qualities needed for hand gloves as compared to other kind of leather. Chrome tanned split leather imparts special qualities to withstand roughness of the handling material and gives enough flexibility and softness for the hand to move in the gloves easily and swiftly while working in the workshop. Such industrial gloves are widely used in industry, Shipping and Railways. Due to rapid expansion of industrial sector the use of industrial hand gloves is expected to grow considerably.
MARKET POTENTIAL
There are no brand issues in this product. There is a good scope for starting new units for manufacture of industrial hand gloves as the domestic demand and supply gap is high. Fortunately the raw material is available in the country especially split leather due to increase in production of finished leather based on hides. Cotton is abundantly available locally and hence a hand gloves manufacturing unit is a viable unit. Cotton gloves are the cheaper type and leather ones are supreme priced. There exists export potential too depending on the quality maintained for seamless knitted industrial gloves with or without PVC dotting made of cotton, polyester, nylon polyamide, etc.
MARKET POTENTIAL
There are no brand issues in this product. There is a good scope for starting new units for manufacture of industrial hand gloves as the domestic demand and supply gap is high. Fortunately the raw material is available in the country especially split leather due to increase in production of finished leather based on hides. Cotton is abundantly available locally and hence a hand gloves manufacturing unit is a viable unit. Cotton gloves are the cheaper type and leather ones are supreme priced. There exists export potential too depending on the quality maintained for seamless knitted industrial gloves with or without PVC dotting made of cotton, polyester, nylon polyamide, etc.
PROJECT ESTIMATE
· 25 days per month on single shift a day basis presumed.
· manpower required is mainly unskilled and semi skilled labour.
· Market target to be local industry 75% sales.
· Techno economically viable unit is 15,000pairs per month for small scale unit.
· 25 days per month on single shift a day basis presumed.
· manpower required is mainly unskilled and semi skilled labour.
· Market target to be local industry 75% sales.
· Techno economically viable unit is 15,000pairs per month for small scale unit.
PROFIT
Profit per anum INR 4,42,980 & Net Profit Ratio 10.7%
RATE OF RETURNS : 28.3% BREAK EVEN POINT : 52.3%
Profit per anum INR 4,42,980 & Net Profit Ratio 10.7%
RATE OF RETURNS : 28.3% BREAK EVEN POINT : 52.3%
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