What is an IEM?
Industrial Entrepreneurs Memorandum (IEM) is an undertaking required to acknowledge the commencement of commercial production by filling the IEM application
The large-scale industry having investment more than Rs. 50 crores in manufacturing sector and more than Rs. 5 crores in service sector are primarily which is outside the purview of the licensing provisions and for the items (s) not exclusively reserved for manufacture by SSI sector which has to file an application for Industrial Entrepreneurs Memorandum means IEM.
The promoter can file IEM in the following categories:
1 To set up a new industrial undertaking,
2 To effect substantial expansion of an industrial undertaking, 3 To manufacture a new article, 4 To carry on the business of existing SSI units after graduating into a large-scale industry
The promoter has to make an Application in prescribed format along with Fee(Demand Draft).
After Filing IEM Application ,Receipt of Acknowledgement is issued ,It is informed to Director of Industries, then Applicant can move further to Set Up the Unit.
Secretariat for Industrial Assistance (SIA), New Delhi circulates office memorandum enclosing one copy of an application for the necessary comments from Directorate of Industries. The Directorate of Industries mostly offers the comments to the GOI in respect of the location after getting appropriate documents/ certificate from the promoters. Those industrial promoters have obtained IEM and gone into commercial production or implemented the project have to submit PART B with GOI or Directorate of Industries with seven copies for the record.
To Setup industrial units under IDR Act Industrial Development (Regulation) Act 1951 of GOI it is necessary to obtain an Industrial license or Letter of Intent.
1. Activities reserved for public sector
2. Activities included in Annex-II
3. Activities reserved for SSI
1 Arms and ammunition and allied items defense equipment defense aircraft and warships
2 Atomic energy.
3 The substances in the schedule to the Notification of the GOI in the Department of Atomic Energy No. S.O. 212(F), dated 15th March 1995.
4 Railway Transport.
The promoter has to make an application to GOI in prescribed format along with Demand Draft
Applications received for IL to GOI are put up before the Licensing Committee for further approval of License after seeking necessary confirmation from State Govt.
Necessary guidance/ coordination and reports to Govt. of India.
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