Growth and Development of SMEs in the Indian Textile Industry - Essay Example

Running Head: SMES IN INDIAN TEXTILE INDUSTRY Growth and Development of SMEs in Indian Textile Industry of the of the ] Growth and Development of SMEs in Indian Textile Industry 1. Research Question: The Indian textile industry has recommended and approved extension of technology up gradation fund scheme (TUFS) beyond 2007. TUFS is the scheme under which the Indian government has allocated Rs.250 billion subsidies to the textile sector. It is predicted that by 2010, additional investment of Rs. 1,40,000 crore would be invested in Indian textiles due to TUFS. These developments could make India a much stronger competitor than it already is (Indian Textile Industry Statistics). The Indian government is paying more than half of the interest on the loans which the industries have taken from the banks to support its industry and gear it toward further expansion plans. The purpose of this study is to understand the position of small and medium enterprises in Indian Textile Industry. Also, to get more information about the status of Indian Textile Industries and role of government in its current position. What is the status of Small and Medium Enterprises in Indian Textile Industry? What is the role of government in raising Indian Textile Industry? 2. Hypotheses: There is an increasing trend in growth and development of SMEs in Indian Textile Industry. There is an important role of government in development of SMEs in India. 3. Philosophical Approach 3.1 Paradigms During the 19th century, there were many paradigms have taken birth, the reason behind that was the increasing trend in social sciences research. Positivism paadigms and anti-positivism paradigms are the two main paradigms used for verification of theoretical propositions. Accourding to Saunder (2007), paradigms is the research philosophy that utilizes the idea of both the positivist and the phenomenologist. It pertain a practical approach, incorporate different perception to facilitate in data collection dn interpretation. For this research study non positivisim paradigms has been selected. The research philosophy is intended with the investigation of interpretive epistemology as the topic will depend on conducting research among people thoughts, opinions and experiences which will be shown through the questionnaires’ responses and the interviews’ answers. 3.2 Inductive Approach The Inductive approach will be used in this research which is part of the Subjectivism research approach as the investigations will depend on building theory through small sample of people perceptions regarding the situation that will be discussed to understand the reality of the study and to get their feelings about what is going on in order to identify better the nature of the problem and analysing those data. The results will give some solutions for the study along with evidences that will provide a clear picture for the target people to accomplish their goals. 4. Research Design 4.1 Research Methods The primary data is to be collected by conducting field research that involves face to face interviews, surveys, questionnaires and focused group interviews. Primary research involves the usage of primary data for the collection of data. Primary data are that information that is collected for the first time. The primary research will be especially useful since it will provide a guideline to the most current data available on this topic. The secondary research method will include gathering data on the subject from different newspapers, magazines, online articles, press releases, academic journals, textbooks and other library books. Combining the knowledge gained from all these sources and both research methods will provide a lot of detail about the topic that can be used to develop suitable conclusions and recommendations for the future. This data will help to provide a formal structure to the paper so that it relates to a real research project with past researchers’ input for offering future strategies that the government can develop for the growth and development of SMES. The study will follow all of the journalistic ethical guidelines and confidentiality agreements for its research methods and let the participants know their participation will be kept anonymous, which will enable them to give honest answers. 4.2 Instrument In accordance with the research philosophy, the study will refer to a research design using a primary research method of questionnaire which will be developed with questions to be given to a sample group of 100 respondents from different SMEs of Textile Industries. Questionnaire is an inexpensive way to obtain responses from large population. It is the easiest way to get responses to do statistical analysis and find a conclusion. A well design questionnaire is critical for achieving the purposes of survey research. Additionally, concerns with validity (i.e. the degree to which an instrument measures what it was intended to measure) and reliability (i.e. the degree to which an instrument provides measurements that are consistent and accurate) must always be at the forefront of the questionnaire selection/construction process. By far interviewing is the most commonly use as a selection tool. There are two structured interview techniques are behavioural and situational interview. During interview, there will be discussion about the growth and development of SMEs and about how they are supported in India. The interviews will be taped and transcribed for analysis. Researchers, working independently, categorized the statements derived from the interviews. 4.3 Data Collection The main data collection methods are significant incident procedure, diaries, focus groups, interviews, observation, questionnaires, and documents (Collis, 2009, 2). The survey method will be used as the means by which data is collecting within the study. Prior to initiating the data collection phase of the study, permission to conduct the survey, will be obtained from appropriate managerial people. Data collection will commence once approval granted. The data collection will involve gathering the information from both interview and questionnaires and then analyzing the results to find out what insight can be gained from them. 4.4 Data Analysis Qualitative data will be analyzed to identify theories and trends and the NVIVO software will be used for the analysis and in order to process and organize the quantitative data; a database will be created by using a computer data base software program, (i.e., SPSS). The questionnaire selected may have a scale response format, which will allow for a number to be assigned for which response given for each item. For each respondent, the numerical response provided for each item as well as descriptive data obtained during survey, then entered into the database during the data-coding phase of the study. 5. Respondents 5.1 Population The population of interest for this study includes selected SMEs industrialist. It is projected that the sample will consist of 100 respondents, from them 80 for quantitative analysis and 20 for interviews. 5.2 Sampling Strategy For the purpose of study a form of non-probability sampling will be used. As explained by Trochim (2001, 23), in purposive sampling, the researcher samples with a purpose in mind from one or more specific and predefined groups, believed to be representative of the larger population of interest. Saunders (2007, 5) noted that one of the benefits of purposive sampling is that it can be very useful for situations in which the researcher wants to reach a targeted group that otherwise might not be readily available. 6. Limitations There might be few limitations when we will find the result of this study, firstly as we are going to analyse the particular group in a particular country, so there may be change in outcomes if we will analyse SMEs of different industries and countries. 7. Ethical Considerations While conducting research there will be some ethical considerations. Before conducting the research the permission will be taken from the appropriate management. Researcher’s personal biases and opinions should not get in the way of the research. Research should be conducted under the assumption that researchers will keep research findings anonymous in any case. During research process, it should be made sure that researchers will not take advantage of participants who are easily accessible; participants should be chosen according to their availability. Participants can be with draw any time if they want to quit. The results of the experiment will be kept confidential and researchers will use results with participants’ permission for research purposes. Participants should feel free to ask any question about the research and they will be provided with the outcome of the research. 8. Research Plan Tasks Weeks 1 2 3 4 5 6 7 8 9 10 Research on Internet for journals and library for books                     Take notes on articles and books, work on how to format research data                     Start writing the Literature Review & ask for teachers feedback                     Final Modification for the Literature Review                     Actual Submission "Literature Review Report"   16 May                 Make questions for questionnaires and interview                     Get the teachers feedback on the questions                     Submit Final Form of questionnaires and Interview questions         26 May           Distribute 150 questionnaires among the selected people                     Conduct the Interview                     Collect the questionnaires and put together statistical results for analysis                     Analyze results using SPSS and NVivo                     Writing final draft of study and seek the teachers comments                     Perform all editing and complete the "Final Chapter of Research Project"                   26 June 9. References Indian Textile industry Statistics http://www.bharattextile.com Collis, J., and Hussey, R. (2009) Business Research: A practical guide for undergraduate and postgraduate students, 3rd edition, Palgrave Macmillan Saunders, Mark et al. (2007). Research methods for business students, 4th ed. Financial Times Prentice Hall Trochim, W. (2001). The research methods knowledge base, 1st edition. OH: Atomic Dog Publishing, 23-25. Read More