Industrial Licensing in India Assignment Help
What is the Need of Industrial Licensing in India?
As stated by the Industrial Development and Regulation Act (IDRA), 1951, it is important for all the industries to work under a specific framework which can fuel their overall growth, success and development. As per the Act, it is important for the new as well as existing industries companies to get registration done with the Federal Government. So, each such set-up has to function in synch with the Industrial licensing rules and regulations to hold operations in India.
Industrial Licensing in India assignment help talks About the Necessity of such Licensing
Many industries have gained exception from gaining a license to start their manufacturing operations and only those that are suspected to imposed threats on public health and safety are necessitated to get a license to start or continue with the operations. This rule came into implementation in the year 1991 since the happening of liberalization and deregulation of Indian economy. So, government has set its prime focus on ensuring that industrial operation do not impose any serious threat to environment as well as the national security.
All the industrial licenses in India are approved by the Secretarial of Industrial Assistance (SIA) and regulated by IDRA, 1951 Act. The entire process of licensing is based on the recommendation of licensing committee. As per the act, any new industry is prohibited from producing any new items toll the license is obtained or renewed listing the new items. Some of the industries as lusted in the Industrial Licensing in India assignment writing help that require manufacturing licensing include:
- The one that fall under mandatory licensing
- Those calling for locational restrictions
- The undertaking that wish to expand in terms of products manufactured or count of existing industrial units.
What are the Current Changes Made to the Industrial Licensing Rule?
Previously, many industries operating on a large-scale manufacturing items exclusively reserved the category for all the Small, Micro, and Medium Enterprises (MSME). These firms were required to secure industrial license which was done with the intention to safeguard native manufacturers from facing partial competition when they were set in operation against large industries. But the rule changes in April 2015, when government gave relaxation on these items to motivate investment on a large scale which also helped in bringing together better and bigger technologies. This has therefore upscaled the level of competition on a global scale.
As per the changed rule of licensing, large industries are free to produce items like steel chairs and tables, firework, bread, pickles, SS and aluminium utensils, wood, mustard/groundnut oil, padlocks, without the need of getting an industrial license.
Industrial Licensing in India Essay Assignment Help States the List of Industries that Have a Mandate to Get a License
For businesses, it is essential to get a license when they are engaged in the production or manufacturing of any of the below listed article. All the below listed industries come under the category of compulsory licensing owing to the nature of goods they produce since these might impose danger/threat to environment. This type of licensing has been monitored and regulated by Ministry of Industrial Development.
- Manufacturing of aerospace, electronic items, and defence equipment
- Brewing and Distillation of alcoholic
- Production of cigars, cigarettes, tobacco and other substitutes
- Production of industrial explosives such as matches, safety fuses, gun powder, detonating fuses, nitrocellulose etc.
- Producing dangerous chemicals as well as other items that are hazardous to human life and health
What is The Procedure of License Registration for Industries?
Student studying economics assignment topic must be aware about the process followed for securing the license to continue with the industrial operations.
- Stage 1- In the first phase, it is important to send the application for registration to SIA, Department of Industrial Policy & Promotion (DIPP). The application is also tagged with a specific fee. Once the application is submitted, it is reviewed by authorities and license is sanction post assessment.
- Stage 2- As soon as the license is acquired, the industrial undertaking gets entitled for the allotment of controlled commodities as well as to issue an import license for goods which is needed for required process of construction and operation.
As an alternative, such businesses can register for industrial license at the government’s eBiz website.
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