Friday, February 27, 2009

Industrial Approval Policy

  • Industrial Licensing has been virtually abolished in the Electronics and Information Technology sector except for manufacturing electronic aerospace and defence equipment.
  • There is no reservation for public sector enterprises in the Electronics and Information Technology industry and private sector investment is welcome in every area.
  • Electronics and Information Technology industry can be set up anywhere in the country, subject to clearance from the authorities responsible for control of environmental pollution and local zoning and land use regulations.
  • Large and Medium Industries exempted from licensing are only required to file information in the prescribed I ndustrial Entrepreneurs' Memorandum (IEM) with the Secretariat for Industrial Assistance (SIA), Department of Industrial Policy and Promotion, Ministry of Commerce & Industry, Government of India and obtain an acknowledgement. Immediately after the commencement of commercial production, Part B of the IEM has to be filed. No further approval is required. Small Scale Industries are required to register with the District Industries Centre (DIC). Forms can be downloaded from the website of the Department of Industrial Policy and Promotion, Ministry of Commerce & Industry.

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