The Department for Promotion of Industry and Internal Trade on Thursday said it has updated guidelines for issuance of Industrial Entrepreneur Memorandum acknowledgment. These acknowledgments are for large-scale operating in requiring compulsory licensing under the Industries (Development & Regulation) Act, 1951; and companies having investment in plant and machinery, or/and annual turnover beyond the limits set for MSMEs.
According to the updated guidelines, the revised criteria will now be investment in plant and machinery/equipment exceeding Rs 125 crore, or/and annual turnover exceeding Rs 500 crore.
The revised criteria shall be applicable with effect from April 1.
"This is a significant increase in threshold limits in investment in plant and machinery from existing Rs 50 crore to Rs 125 crore and annual turnover limit from existing Rs 250 crore to Rs 500 crore," it added.
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