Glass Bangles are made out of block glass of different shades of colours or directly from batch materials. These are round in shape with pleasing colours and designs over the surface. It is customary for ladies, especially Indian ladies to wear bangles from their childhood for ornamental decoration.
Glass Bangles are the item of mass consumption throughout the country. The demand for the Glass Bangles generally goes up during festive season and specially functions, marriage occasions etc. In spite of the competition from plastic and other bangles, the demand for Glass Bangles is ever increasing in view of established
characterized customary and auspicious status gained by it in the society. The demand of Glass Bangles in foreign countries is also increasing. It is expected that in near future, the demand of Glass Bangles in foreign countries will increase. As the production is based on manual operation and the necessary skills are available in the country only, this product while exporting may earn good revenue.
BASIS AND PRESUMPTION:
Following points are considered for the unit of this item:
i) The plant will run in single shift basis in 25 working days per month.
ii) Minimum applicable wages are considered for the workers.
iii) The rate of interest would be 12% on an average.
iv) 75% efficiency of Machinery & Manpower is considered and full capacity utilization is expected to be achieved within 12 months of commencement of commercial production.
v) The process of joining liquid gold, silver and other types of decoration have not been incorporated in the profile as these can be got down from number of cottage units on piece rate basis.