Industrial Policy and Procedure for Investment
India has embarked upon a process of restructuring its economy.The Foreign Direct Investment (FDI) as a means to support domestic investment for achieving a high level of economy development is well recogniged.Transparency of procedures and integration with the global market-place are the hallmark of the new industrial,trade and fiscal policies. The salient features of the Industrial Policy as applicable to the Electronics sector are as under:
- Licensing has been virtually abolished except for manufacturing electronic aerospace and defence equipment.
- There is no reservation for public sector enterprises in the electronics industry and private sector investment is welcome in every area.
- Electronics 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
- Industries exempted from licensing are required to file only information in the prescribed Industrial Entrepreneurs Memorandum (IEM) with the Secretariat for Industrial Assistance(SIA), Ministry of Industry, Government of India.
For the aforesaid licensable electronic industries, all applications have to be made in prescribed format
and sent to :
The Entrepreneurial Assistance Unit (EAU)
Secretariat for Industrial Assistance (SIA)
Department for Industrial Policy and Promotion
Ministry of Industry
Udyog Bhawan, New Delhi-110011
The forms can be downloaded from the Website of SIA (http://www.nic.in/indmm).
For further details kindly visit the Ministry of Industry Home Page
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Wednesday, 07th April 2010
