Summer Internship Report

On

“CENTRAL TOOL ROOM AND TRAINING

CENTRE”

Submitted in partial fulfillment of the requirement for

the award of the degree of

Master of Business Administration (MBA)

by

Paritosh Mishra

Roll no: 323SM1072

School of Management

National Institute of Technology

Rourkela

2023-2025
CERTIFICATE

ii
 DECLARATION

" I hereby declare that the summer internship report on Finance & Marketingis an authentic record of
the internship program undertaken by me at CTTC Bhubaneswar from 13.05.24 to 12.05.24.

This report is an original work carried out by me under the guidance of Prof. Arvind Kumar, Assistant
Professor, School of Management, National Institute of Technology, Rourkela, and is being submitted
in the Third Semester of the award of Master of Business Administration, School of Management,
National Institute of Technology, Rourkela.

The information and data presented in this report are true to the best of my knowledge and have not
been copied or plagiarized from any other source. The report has not been submitted in part or full for
any other degree or diploma program at any other institution."

Paritosh Mishra
Roll no: 320SM1072
School of Management

National Institute of Technology, Rourkela

iii
 ACKNOWLEDGEMENT

I would like to express my sincere gratitude to several individuals and organizations whose support and
guidance made this summer internship at CTTC Bhubaneswar a truly enriching and invaluable
experience.

First and foremost, I am deeply grateful to the Central Tool Room & Training Centre (CTTC),
Bhubaneswar, for providing me with the opportunity to undertake this internship and gain practical
exposure across various departments. I extend my heartfelt appreciation to Pranab Sir , Sameer Sir,
Amarendra Sir & Jugal Sir for their continuous support and mentorship throughout the internship
program.

I am immensely thankful to Prof. Arvind Kumar, Assistant Professor, School of Management, National
Institute of Technology, Rourkela, for his invaluable guidance and supervision. His insights and
feedback have been instrumental in shaping this internship report and enhancing my learning
experience.

I would also like to express my sincere thanks to the entire team at CTTC Bhubaneswar, especially the
finance, marketing, and operations departments, for their patience, cooperation, and willingness to
share their knowledge and expertise. Their guidance has been invaluable in helping me understand the
practical aspects of these domains.

Furthermore, I am grateful to the National Institute of Technology, Rourkela, and the School of
Management for providing me with this incredible opportunity to undertake a summer internship as
part of my Master of Business Administration program.

Finally, I would like to extend my heartfelt gratitude to my family and friends for their unwavering
support, encouragement, and motivation throughout this enriching journey.

Paritosh Mishra
Roll no: 320SM1005
SOM, National Institute of Technology, Rourkela

iv
 ABSTRACT

This report presents a comprehensive account of the summer internship undertaken at the Central Tool
Room & Training Centre (CTTC), Bhubaneswar, from 13.05.2024 to 12.06.2024. The internship
provided a multidisciplinary learning experience, spanning across the operations, marketing, and
finance departments of the organization.

Initially, during the period from 13.05.2024 to 23.05.2024, the focus was on the operations department,
where I gained hands-on experience in the production process by manufacturing a key ring mold. This
involved analyzing the potential, runtime, and costs associated with the machinery employed.
Subsequently, from 24.05.2024 to 02.06.2024, I transitioned to the administrative block to observe and
understand the marketing team's operations, including the implementation of the SAP system for tender
acquisition and customer management.

In the latter phase of the internship, from 03.06.2024 to 12.06.2024, I delved into the financial aspects
of CTTC Bhubaneswar, gaining insights into the institution's revenue generation mechanisms and
financial reporting practices. This exposure allowed me to comprehend the intricate workings of a
government-funded organization and its financial operations.

The internship report encapsulates the practical knowledge and experiences acquired during this
immersive program, highlighting the challenges encountered and the strategies employed to overcome
them. It also underscores the valuable lessons learned and the skills developed, which will prove
invaluable in my future professional endeavors.

Overall, this summer internship at CTTC Bhubaneswar provided a holistic learning experience,
bridging the gap between theoretical concepts and real-world applications in the domains of operations,
marketing, and finance.

I have incorporated the specific dates you mentioned earlier, dividing your internship experience into
three distinct phases:

1. Operations department: 13.05.2024 to 23.05.2024

2. Marketing team: 24.05.2024 to 02.06.2024
3. Financial aspects: 03.06.2024 to 12.06.2024

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 TABLE OF CONTENTS

DECLARATION ............................................................................................. iii

ACKNOWLEDGEMENT .............................................................................. iv

ABSTRACT .......................................................................................................v

TABLE OF CONTENTS ................................................................................ vi

CHAPTER 1: INTRODUCTION ....................................................................1

1.1 An Overview of Internship .........................................................................1

1.2 Background ..................................................................................................2

1.3 Objectives .....................................................................................................2

1.4 Brief introduction to the industry ..............................................................3

CHAPTER 2: CTTC BHUBANESWAR ........................................................4

2.1 About CTTC Bhubaneswar........................................................................4

2.2 History and Establishment .........................................................................5

2.3 Services and Offerings ................................................................................5

CHAPTER 3: Internship Experience ..............................................................8

3.1 Operations Department ...............................................................................8

3.2 Ring Mold Manufacturing Process ..........................................................15

3.3 Machinery Analysis: Potential, Runtime, and Costs ............................15

3.4 Marketing Department ..............................................................................15

3.5 Customer Management and SAP Implementation .................................15

3.6 Finance Department ..................................................................................15

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3.7 Financial Reporting and Revenue Generation ........................................15

3.8 Understanding Government Funding Mechanisms ...............................15

CHAPTER 4: Challenges and Learning Outcomes .....................................17

4.1 Challenges Faced .......................................................................................17

4.2 Skills Developed .........................................................................................17

4.3 Project Schedule ........................................................................................18

CHAPTER 5: CONCLUSION .......................................................................22

REFERENCES ................................................................................................23

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 CHAPTER 1: INTRODUCTION

1.1 An Overview of Internship

This report details the experiences and learnings from my internship at the Central Tool Room and

Training Centre (CTTC) in Bhubaneswar. The internship provided an opportunity to gain hands-on

experience in various departments including operations, marketing, and finance. Throughout the

internship, I was able to observe and participate in the manufacturing processes, marketing

strategies, and financial management practices of the company.

1.2 Background

The CTTC Bhubaneswar is a premier institution in India, specializing in the design and

manufacturing of precision tools and providing training to enhance the technical skills of individuals.

Established with the aim of fostering innovation and technical excellence, CTTC plays a crucial role

in supporting industries by providing high-quality tools and skilled manpower.

1.3 Objectives

The main objectives of this internship were:

- To gain practical experience in the tool room industry.

- To understand the operations and management practices of CTTC Bhubaneswar.

8
- To analyze the processes involved in the manufacturing, marketing, and financial management

departments.

- To identify the challenges faced in these areas and develop solutions.

- To enhance personal skills and knowledge relevant to the industry.

1.4 Brief Introduction to the Tool Room Industry

The tool room industry is a vital segment of the manufacturing sector, focusing on the production of

high-precision tools, dies, jigs, and fixtures essential for various manufacturing processes. It serves

as a backbone for industries like automotive, aerospace, defense, and consumer goods, providing the

necessary tools to maintain high standards of production quality and efficiency. With rapid

advancements in technology, the tool room industry is evolving to include modern techniques such

as CNC machining, CAD/CAM design, and automated manufacturing processes.

9
 CHAPTER 2: CTTC BHUBANESWAR

2.1 About MSME-Technology Centre, Bhubaneswar (CTTC)

The MSME-Technology Centre, Bhubaneswar, also known as the Central Tool Room & Training

Centre (CTTC), was established under a Technical Cooperation Programme between the

Government of India and the Government of Denmark. This organization operates as a

Government of India Society and commenced operations in October 1991 with the establishment

of the Training Department, followed by the Production Department in 1994. The Centre is

managed by a Governing Council constituted by the Government of India, with the Additional

Secretary and Development Commissioner (MSME) serving as the President of the Society and

Chairman of the Governing Council.

2.2 History and Establishment

CTTC Bhubaneswar was founded with the primary objective of providing technical and vocational

training in the fields of tool design and manufacturing. The partnership between the Indian and

Danish governments facilitated the transfer of technology and expertise necessary to establish a

state-of-the-art training and production facility. Since its inception, CTTC has grown to become

one of the leading tool room and training centers in India, equipped with advanced machinery and

equipment. By 2003, the Centre achieved self-sufficiency in terms of recurring expenditure and

has also been covering depreciation costs since 2008.

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2.3 Services and Offerings

The CTTC provides a wide range of services and offerings aimed at supporting small scale

industries, particularly in the metal and plastic processing sectors. These services include:

- Technical Advisory and Consultancy: Providing expertise in designing, developing, and

manufacturing precision tools, dies, molds, jigs, gauges, fixtures, and metal castings.

- Training and Skill Development: Offering comprehensive training programs for machinists,

fitters, tool and die makers, and other related occupations. This includes both initial training and

in-service training for staff from small scale and ancillary industrial units.

- Production and Manufacturing: Producing precision tools primarily for small scale industries,

while also catering to medium and large scale industries to ensure financial viability.

- Service Facilities: Providing facilities for designing, developing, manufacturing, and repairing

precision tools and related products when such quality cannot be met elsewhere.

CHAPTER 3: INTERNSHIP EXPERIENCE

3.1 Operation Department

The manufacturing process at CTTC Bhubaneswar involves a series of precise and methodical

steps to transform raw materials into high-quality finished products. Here, we outline the typical

process from starting with an iron job to the final plastic filling and molding. This sequence ensures

that the tools and components produced meet the stringent standards required by various industries.

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 3.2 Ring Mould Manufacturing Process

Initial Job Setup

1. Job Assignment and Planning:

o Receive job order and plan the sequence of operations. Review detailed drawings and

specifications.

Machining and Preparation

2. Facing:

o Use a lathe machine to create a smooth, flat surface on the workpiece, ensuring accurate

further machining.

3. Turning:

o Remove material from the outer diameter of the workpiece on a lathe machine to

achieve desired dimensions and surface finish.

4. Grinding:

o Use an abrasive wheel to refine the surface and achieve precise dimensions and high

surface finish.

Precision Machining

5. CNC Milling and Machining:

o Utilize CNC machines for complex shapes and features, performing precise cutting,

drilling, and shaping based on digital designs.

6. Electric Discharge Machining (EDM):

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 o Create intricate shapes by eroding material using electrical sparks, crucial for detailed

molds and dies.

Molding and Finishing

7. Molding:

o Shape material using a mold to produce desired parts based on final product

specifications.

8. Plastic Filling:

o Inject molten plastic into the mold cavity, forming detailed plastic parts as it cools and

solidifies.

Final Assembly and Quality Control

9. Assembly:

o Fit and join various machined and molded components to form the final product,

ensuring proper alignment and functionality.

10. Quality Control:

o Conduct rigorous checks to ensure each part meets specified standards, including

dimensional inspections and functional testing.

2.5.6 Packaging and Delivery

11. Packaging:

o Carefully package the final product to prevent damage during transportation, with

proper labeling and documentation.

12. Delivery:

13
 o Deliver the completed products to clients, ready for use in their respective applications.

By following these steps, CTTC Bhubaneswar ensures the production of high-quality tools and

components that meet the precise needs of its clients across various industries.

3.3 Machinery Analysis: Potential, Runtime, and Costs

Runtime Cost per
Machine Type Description Potential(Rs)
(hours) Hour (Rs)

Raw material Mild steel 110 110

Used for facing and turning

Lathe Machine 2 250 500
operations
Equipped with abrasive wheels
Grinding Machine 2 450-500 900-1000
for surface grinding
Performs precise cutting,
CNC Milling Machine drilling, and shaping based on 0.5 500 250
digital designs
Polishing/Bench/Fitting Manual 1 200 200
Uses electrical sparks for
Electric Discharge Machine
shaping intricate and precise 2 450-500 900-1000
(EDM)
parts
Laser Engraving Machine 0.25 400-450 100-112.5
Produces detailed plastic parts
Injection Moulding
by injecting molten plastic into a 1 300 300
Machine
mold
Design Cost 300 300
TOTAL 3560-3772.5

Now, let's calculate the potential for each machine using the formula:

Potential=Runtime × Cost per Hour

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 3.4 Marketing Department

CTTC (Central Tool Room & Training Center), Bhubaneswar, operates as a multifaceted entity engaging in

diverse activities, including tool designing, production, component manufacturing, heat treatment, and offering

specialized long-term and medium-term courses. With a clientele encompassing esteemed government bodies

like ISRO and the Indian Army alongside numerous private sector firms, CTTC holds a prominent position in

the industry.

From a marketing perspective, CTTC offers a comprehensive suite of services tailored to meet the diverse needs

of its clientele. These services span across manufacturing, job-work, service provisions, and training programs,

ensuring a holistic approach to addressing various industry requirements.

CTTC strategically acquires orders through two key channels: active participation in tender processes initiated

by government organizations and direct inquiries received from private sector enterprises. This proactive

approach enables CTTC to engage with a wide spectrum of clients, fostering strong relationships and enhancing

its market presence.

By leveraging its expertise, state-of-the-art facilities, and customer-centric approach, CTTC positions itself as a

preferred partner for organizations seeking reliable solutions in tooling, manufacturing, and skill development.

Through targeted marketing efforts, CTTC effectively communicates its value proposition, thereby expanding its

reach and solidifying its standing as a trusted industry leader.

3.5 Customer Management and SAP Implementation

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Process Stage Current Scenario Proposed Solution

Customer lists categorized into Aerospace,

Customer CTTC maintains customer lists
Defense, and Others with unique IDs and
Master without assigning IDs.
additional details.

Automated cost estimations in SAP with

Cost estimations prepared
Cost Estimation customizable screen and automatic quotation
manually and approved by GM.
generation.

Quotations based on approved Quotations undergo automated approval process

Quotation
cost estimations. with defined matrix and various printing formats.

SAP facilitates sales order booking against

Sales orders booked manually
Sales Order quotations with automatic closure upon full
with job numbers assigned.
booking.

Performance Performance invoices raised SAP generates performance invoices as A/R down

Invoice manually for advance payments. payment requests against sales orders.

SAP provides module to record bank guarantee

Bank Bank guarantee details tracked
details including number, date, amount, and
Guarantee manually without structure.
beneficiary.

SAP automates delivery document preparation

Delivery documents prepared
Delivery based on sales orders with separate numbering
manually for all consignments.
series.

Material out pass documents SAP provides customized screen for entering gate
Gate Pass
generated manually. pass details including number, date, and customer.

16
 Process Stage Current Scenario Proposed Solution

SAP generates A/R invoices against delivery

Commercial invoices prepared
Invoice entries with automatic commercial invoice
manually after receiving rates.
generation.

A/R Credit A/R credit memos issued SAP facilitates A/R credit memos against invoices

Memo manually for returned products. with separate numbering series for returns.

This format provides a clear and concise overview of the current scenarios and proposed solutions for

each process stage.

3.6 Finance Department

Significant Accounting Policies

1. Accounting Convention:

- Financial statements are prepared on the accrual method of accounting.

- Historical cost convention is followed unless otherwise stated.

2. Inventory Valuation:

17
 - Stores, Spares (including machinery spares) & Raw materials are valued at cost.

- Semi-finished goods and finished goods are valued at lower of cost and net realizable value.

- Cost is determined based on weighted average cost, considering material, labor, and related

overheads.

3. Excise Duty/Service Tax/GST:

- Liability for Taxes on goods produced and sales other than exports is accounted for as per the law.

- Provision is made for the Output Tax/Sale at the year-end.

4. Fixed Asset:

- Acquisition: Fixed Assets are stated at cost of acquisition, inclusive of inward freight, duties, taxes,

and related expenses.

- Fixed Assets received through non-monetary grants are capitalized at stated values, with

corresponding credit to Capital Reserve.

- Disposal: Sale value of old fixed assets is credited to Income & Expenditure Account. The book

value is reduced from fixed assets, and simultaneously, it's shown as capital investment written off.

5.Depreciation:

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 -Depreciation on fixed assets is calculated on the written down value method at the rates provided

under the Companies Act 1956, except for library Books & Leasehold Lands.

-Library Books are depreciated at a flat rate of 15% on closing value.

-Leasehold lands' total cost of acquisition is divided uniformly over its leased life on a straight-line

method.

-Depreciation for additions to/deductions from fixed assets during the year is considered on a

pro-rata basis.

Here are the additional accounting policies outlined:

6. Government Grants/Subsidies:

6.1:

- Government grants contributing towards the capital cost of setting up projects are treated as Capital

fund.

6.2:

- Government grants are accounted for on a receipt basis.

7. Income/Expenditure Accounted for on Cash Basis:

- Arrears paid to employees for dearness allowance, house rent allowance, etc., are accounted for in the

year in which they are paid.

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8. Leave Salary:

- Liabilities for earned leave salary of employees are calculated assuming all employees leave or quit

the service as of March 31st.

- Existing provisions are deducted from the total liabilities, and the differential amount is charged to

the current year's expenditure.

9. Group Gratuity Fund:

- The organization has a Group Gratuity-cum-life Assurance Policy with LIC of India.

- Contributions for the year are charged to the Income & Expenditure Account.

These policies provide guidance on the treatment of government grants, income/expenditure accounted

for on a cash basis, leave salary liabilities, and contributions to the group gratuity fund.––––

1. Principle of Profit Maximization:

Relevance to Accounting Policies:

- Government grants contributing towards capital costs are treated as Capital fund, which implies that

the institute doesn't need to allocate its own resources for such expenses, thereby maximizing

profitability.

- Accounting for government grants on a receipt basis ensures that the institute recognizes income

when it's received, contributing to accurate financial reporting and profit maximization.

20
Impact on Profitability:

- By treating government grants as capital funds and recognizing them upon receipt, the institute

minimizes expenses and maximizes profits, ultimately leading to improved financial performance.

2. Principle of Employee Welfare:

Relevance to Accounting Policies:

- Accounting for leave salary liabilities and contributions to the group gratuity fund reflects the

institute's commitment to employee welfare and long-term financial security.

- Deducting existing provisions from leave salary liabilities ensures that employees are fairly

compensated and that their financial interests are safeguarded.

Impact on Employee Well-being:

- By accurately accounting for leave salary liabilities and contributing to the group gratuity fund, the

institute ensures that employees are provided with financial stability and security, enhancing their

overall well-being and satisfaction.

3. Principle of Social Impact:

Relevance to Accounting Policies:

- Recognition of arrears paid to employees on a cash basis reflects the institute's social responsibility

towards its workforce.

21
- By contributing towards capital costs and maximizing profitability, the institute can allocate resources

towards initiatives that have a broader social impact, such as skill development programs and

infrastructure improvements.

Pan-India Impact:

- Through its activities and initiatives, the institute can make a significant impact on a pan-India scale

by promoting skill development, fostering innovation, and contributing to economic growth and

development in various regions across the country.

In summary, by adhering to sound accounting policies that align with the principles of profit

maximization, employee welfare, and social impact, the institute can effectively manage its finances,

enhance profitability, ensure the well-being of its employees, and make a positive impact on a pan-

India scale through its activities and initiatives.

3.7 Financial Reporting and Revenue Generation

Assets
Current Year (2021-22) Previous Year (2020-21)
Schedule Description
(Amount in Rs.) (Amount in Rs.)
1 Fixed Assets 10,197,78,455 10,025,94,588
Current Assets, Loans and
2 20,309,82,446 21,244,85,523
Advances
Total 30,507,60,901 31,270,80,111

Income and Expenditure Statement

Income
Current Year (2021-22) Previous Year (2020-21)
Description Schedule
(Amount in Rs.) (Amount in Rs.)
Income from Training,
11 39,21,23,167 32,75,87,068
Sales/Services incidental
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 Current Year (2021-22) Previous Year (2020-21)
Description Schedule
(Amount in Rs.) (Amount in Rs.)
Interest earned 12 3,52,18,581 3,96,35,965
Other income 13 9,15,113 12,59,574
Increase/decrease in stock of Work-
14 2,00,727 20,71,381
in-Progress
Total (A) 42,84,57,588 37,05,53,988

Expenditure
Current Year (2021-22) Previous Year (2020-21)
Description Schedule
(Amount in Rs.) (Amount in Rs.)
Materials Consumed 15 7,97,42,539 3,16,37,198
Establishment Expenses 16 12,09,33,495 10,10,94,311
Other Production &
17 18,35,55,586 17,99,40,498
Administrative Expenses
Total (B) 38,42,31,620 31,26,72,007

Summary
Amount in Rs. Amount in Rs.
Description
(2021-22) (2020-21)
Balance being excess of Income over Expenditure before taking
4,42,25,968 5,78,81,980
Grant & Depreciation (A - B)
Grants /Subsidies 4,42,25,968 5,78,81,980
Total (C) 13,89,22,924 14,12,87,158
Depreciation 13,89,22,924 14,12,87,158
Total (D)
Balance - Excess of (Income over Expenditure)/ (Expenditure over
(9,46,96,956) (8,34,05,178)
Income) after taking Grant & Depreciation (C - D)
Add/Deduct Prior Period Adjustments (9,46,96,956) (4,42,910)
Balance being Surplus/Deficit carried to Corpus/Capital Fund (9,46,96,956) (8,38,48,088)

Additional Information

 Significant Accounting Policies

 Contingent Liabilities and Notes on Accounts

 Notes forming part of Accounts

 As per our report of even date attached.

 UDIN- 22056617ARYMPH3866

 For PATRO & CO., Chartered Accountants (FRN- 310100)

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  (CA. Sallendra Kumar Sahoo), Partner, Membership No.- 056617

Notes on Accounts

1. Technology Centre Systems Programme (TCSP) - Bhubaneswar

Current Year 2021-22 (Rs. Previous Year 2020-21 (Rs.

Description
Lakhs) Lakhs)

Opening Balance 21.44 22.74

Amount received during the year 109.97 187.35

Interest earned 0.00 0.00

Total (A) 109.97 210.09

Amount Utilized 109.97 187.35

Balance of funds at the end of the year (A

21.44 22.74
- B)

Less-Interests surrendered 0.0 1.30

Net Cash Balance 21.11 21.44

2. Technology Centre Systems Programme (TCSP) - Durg

Description Current Year 2021-22 (Rs. Lakhs) Previous Year 2020-21 (Rs. Lakhs)
Opening Balance 252.98 76.18
Amount received during the year 0 0
Interest earned 341.46 725.36
Total (A) 594.44 801.54
Amount Utilized 171.78 252.98

Establishment Expenses presented in table format:

Current Year (2021-22) (Amount Previous Year (2020-21) (Amount

Description
in Rs.) in Rs.)
Salaries 9,14,92,635 8,26,57,446
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 Current Year (2021-22) (Amount Previous Year (2020-21) (Amount
Description
in Rs.) in Rs.)
Incentive - 1,06,854
Medical Reimbursement - 71,37,751
EPF Employer's Share - 19,96,242
FPF Employer's Share - 1,34,153
EDLI contribution - 4,12,646
Administrative Charges PF - -
LTC Expenses - 3,00,000
Gratuity Expenses - 24,62,900
Casual Wages - 60,500
Honourarium - 17,36,849
Liveries & Uniforms - 22,239
Staff welfare Exps. - 26,03,396
Leave Encashment
- 2,01,085
(Provision)
E.S.I. Employer Share - 12,62,250
Total 10,80,596 10,10,94,311

These figures represent the establishment expenses for the year ended 31.03.2022, showing a

breakdown of various categories compared to the previous year.

Payment to Auditor for Financial Audit:

Description Amount in Rs.

Payment to auditor for Financial Audit 10,000

9. Capital Work-in-Progress

Details Current Year (Amount in Rs.) Previous Year (Amount in Rs.)

Plant & Machinery CTTC 44,879,737 -

Buildings - TCSP 50,738,453 -

Building - CTTC 18,880,000 -

Total 116,398,580 -

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 10. Provision for Encashment of Leave

Details Amount in Rs.

Opening Balance 25,450,807
Add - Further Provisions created 4,453,797
Closing Balance at the end 29,904,604

3.9 Understanding Government Funding Mechanisms

Certainly, let's delve into each of these aspects:

1. Service:

- CTTC offers various services such as tool designing, tool production, component manufacturing,

and heat treatment to cater to the needs of its clients from both government and private sectors. These

services aim to provide customized solutions to meet specific requirements.

2. Training:

- CTTC provides career-oriented long-term and medium-term courses designed to equip students

with the necessary skills and knowledge in different disciplines, especially in engineering and allied

fields. These training programs aim to enhance employability and foster skill development among the

youth.

3. Government Funding:

- CTTC accesses government funding mechanisms to support its initiatives, especially in skill

development and training programs. This funding may come in the form of grants, subsidies, or other

financial assistance provided by government agencies to promote various socio-economic objectives.

4. Consultancy:
26
 - CTTC offers consultancy services to existing and planned small-scale and ancillary industrial units

in areas such as tool design, manufacturing, and utilization. These services aim to provide technical

advisory and support to industries seeking to improve their production processes and capabilities.

5. Government Projects:

- CTTC actively participates in government projects, collaborating with agencies like ISRO, Indian

Army, and other government organizations. These projects involve providing specialized services,

manufacturing components, or offering training programs to fulfill specific project requirements.

6. Government Collaboration for SC/ST Students:

- CTTC collaborates with government agencies to provide skill development and training

opportunities for students from marginalized communities, such as SC/ST students. These initiatives

aim to promote inclusivity and address the skill gap among underprivileged sections of society.

7. Rural Poor Youth Training (DDU GKY):

- Through schemes like DDU GKY (Deen Dayal Upadhyaya Grameen Kaushalya Yojana), CTTC

offers skill training programs specifically targeting rural youth from economically disadvantaged

backgrounds. These programs aim to empower rural communities by providing them with marketable

skills and employment opportunities.

8. International Training Programs:

- CTTC conducts international training programs aimed at enhancing the skills and knowledge of

participants from different countries. These programs may include technical workshops, seminars, or

27
hands-on training sessions conducted by experts in various fields. They contribute to cross-cultural

exchange and collaboration in skill development.

Chapter 4: Challenges and Learning Outcomes

This chapter provides an overview of the challenges encountered during the internship at CTTC

Bhubaneswar, the skills developed, and the project schedule followed to accomplish the objectives.

4.1 Challenges Faced

During the internship at CTTC Bhubaneswar, various challenges were encountered which tested our

problem-solving abilities and adaptability. Some of the key challenges included:

- Technical Difficulties: Encountering complex machining operations that required advanced technical

skills and precision.

- Resource Constraints: Dealing with limited availability of certain materials or machinery, which

affected the workflow and required creative solutions.

- Logistical Issues: Coordinating between different departments and managing timelines to ensure

smooth project execution.

- Learning Curve: Adapting to new technologies and software, such as SAP Business One, and

integrating them into the workflow.

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 4.2 Skills Developed

The internship provided an invaluable opportunity to develop a range of skills. These skills are crucial

for both personal and professional growth and include:

- Technical Skills:

- Proficiency in using various machines like lathe, CNC milling, EDM, grinding machines, and

injection molding machines.

- Understanding and executing precision machining and manufacturing processes.

- Software Skills:

- Hands-on experience with SAP Business One for managing customer data, cost estimations,

quotations, sales orders, and invoicing.

- Project Management:

- Planning and executing project schedules, managing resources, and coordinating tasks across

different departments.

- Problem-Solving:

- Developing solutions to overcome technical and logistical challenges.

- Communication:

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 - Effective communication with team members and departments to ensure alignment and project

progress.

4.3 Project Schedule

Operations Department (13.05.2024 to 23.05.2024)

Date Task Description

13.05.2024 Job Assignment and Planning: Receive job orders, review drawings, and plan operations.

14.05.2024 Job Assignment and Planning: Continue reviewing and planning operations.

15.05.2024 Machining and Preparation: Facing – Create smooth surface on workpiece using lathe.

16.05.2024 Machining and Preparation: Turning – Remove material to achieve desired dimensions.

17.05.2024 Machining and Preparation: Turning – Continue turning operations.

20.05.2024 Machining and Preparation: Grinding – Refine surface and achieve tight tolerances.

21.05.2024 Precision Machining: CNC Milling – Perform complex cutting, drilling, and shaping operations.

22.05.2024 Precision Machining: EDM – Create intricate and precise shapes using electrical sparks.

23.05.2024 Moulding and Finishing: Shape materials using molds, plastic filling, and final assembly and QC.

Marketing Team (24.05.2024 to 02.06.2024)

Date Task Description

24.05.2024 Tender Acquisition: Conduct market research to identify potential tenders.

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 Date Task Description

27.05.2024 Tender Acquisition: Evaluate tender requirements and prepare proposals.

28.05.2024 Customer Management: Use SAP to maintain customer data and details.

29.05.2024 Quotation: Generate and approve quotations in SAP based on cost estimations.

30.05.2024 Sales Order Processing: Book sales orders against quotations and ensure payment terms.

31.05.2024 Sales Order Processing: Continue processing sales orders.

03.06.2024 Delivery and Invoicing: Prepare delivery documents and generate commercial invoices.

04.06.2024 A/R Credit Memo: Issue credit memos in SAP for returned products or invoice discrepancies.

Financial Aspects (05.06.2024 to 14.06.2024)

Date Task Description

Financial Reporting: Prepare and review balance sheets, income statements, and cash flow
05.06.2024
statements.

06.06.2024 Revenue Generation: Track revenue from manufacturing, job work, and training services.

07.06.2024 Government Funding: Manage and report on the utilization of government funding and grants.

10.06.2024 Cost Estimation and Budgeting: Oversee cost estimations for projects and manage budgets.

11.06.2024 Accounts Receivable and Payable: Monitor and manage incoming and outgoing payments.

Audit and Compliance: Prepare for internal and external audits to ensure financial practices
12.06.2024
compliance.

13.06.2024 Review and finalize all financial documentation and reports.

14.06.2024 Present financial reports and conclusions to the management.



CHAPTER 5: CONCLUSION

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The internship at CTTC Bhubaneswar provided a comprehensive exposure to

various aspects of the tool design and manufacturing industry, along with the

intricacies of marketing and financial management within a technical organization.

The structured schedule and hands-on experiences across different departments

significantly enhanced our understanding and skills in this field.

In the Operations Department, the detailed engagement with the entire

manufacturing process—from initial job setup to final assembly and quality

control—allowed for a deep dive into practical machining techniques, precision

engineering, and quality assurance. This hands-on experience was invaluable in

developing technical competencies and problem-solving abilities.

The Marketing Team segment provided insights into the strategic processes

involved in acquiring and managing client relationships, particularly through

government tenders and private sector inquiries. The use of SAP Business One for

customer management, quotation generation, and sales order processing highlighted

the importance of integrating technology for efficiency and accuracy in marketing

operations.

The period spent on Financial Aspects was instrumental in understanding the

financial backbone of CTTC Bhubaneswar. Learning about financial reporting,

revenue generation, government funding mechanisms, cost estimation, budgeting,

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 and audit compliance provided a holistic view of the financial operations essential

for sustaining and growing a technical organization.

Each department presented unique challenges, which were effectively tackled,

resulting in the development of a diverse skill set encompassing technical,

managerial, and financial domains. The experience underscored the importance of

precision, planning, and adaptability in a highly specialized industry.

Overall, the internship at CTTC Bhubaneswar was a highly educational and enriching experience. It

not only provided practical knowledge and skills but also instilled a deeper appreciation for the

complexities and nuances of the tool design and manufacturing industry. The learnings from this

internship will undoubtedly contribute to our future professional endeavors, equipping us with the

competencies required to excel in the engineering and manufacturing sectors.

REFERENCE

 Central Tool Room & Training Centre (CTTC), Bhubaneswar. CTTC Official Website

 SAP Business One User Manual. SAP SE.

 Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY). DDU-GKY Official Website

 ISRO (Indian Space Research Organisation). ISRO Official Website

 Government of India MSME (Ministry of Micro, Small and Medium Enterprises). MSME Official Website

 Industry and Technical Training Resources. CTTC Bhubaneswar Internal Documents.

 Financial Reporting Standards. ICAI (Institute of Chartered Accountants of India).

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 CNC Machining Handbook. Peter Smid.

PHOTOS OF OUR INTERNSHIP:

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