The procedures and process of Industrial Licensing in India include making changes at the institutional level and the entry gates to cover all aspects comprehensively. We, at BookMyEssay have competent and skilled academic tutors who can offer you the best Industrial Licensing in India homework help online.
The industrial undertakings are exempt to obtain an industrial licence to manufacture except the following industries such as the following:
- Industries under compulsory licensing
- Industries reserved for the Public Sectors
- When the proposal attracts location restriction
- Manufacture items reserved for small scale sectors
The Industries Subject to Compulsory Industrial Licensing in India
The businesses that plan to establish industries for producing the following items in India should obtain Compulsory Industrial Licence. The industries are stated in our of Industrial Licensing in India assignment help online:
- Tobacco items
- Hazardous explosives
- Hazardous chemicals
These industries need compulsory licensing sue to safety, environmental, and strategic reasons.
Locational Restrictions for Industries
The industries that are located within 25 km of the cities periphery and have a population of a minimum of 1 million should obtain an industrial license from the Government. The locational restriction is not applicable in the following situations:
- Industries located in areas that are designated as the industrial area before 25 July 1991.
- Industries manufacturing computer software, electronics, and printing, and other industries that can be classified as non-polluting industries.
The location of industries is subject to land use regulations, local zoning, and environmental regulations for maintaining ecological discipline.
Industrial Entrepreneurs Memorandum
Industries exempted from obtaining an industrial license are needed to file an IEM or Industrial Entrepreneur Memorandum with the SIA or the Secretariat of Industrial Assistance, Department of Industrial Policy and Promotion, Government of India and should obtain an acknowledgement.
One more important change is in the procedures and process of Industrial Licensing in India is there is no need for further approval. After the commercial production commences, Part B of IEM should be filed in a prescribed format. Amendment of the IEMs has begun too.
What are the Objectives of Industrial Licensing?
The basic objectives of Industrial Licensing are given in our Industrial Licensing in India assignment writing help:
- Industrial Development: The industrial Policy aims to increase industrial development. It wants to create a favourable investment climate for private as well as public sectors.
- Balanced Industrial Structure: The industrial policy can rectify the present industrial structure. The imbalances in the industrial sectors ar rectified.
- Lack of concentration of economic power: It is aimed to minimize the monopolistic tendencies and prevent the concentration of economic power within a few big industries.