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by : DR. T.K. JAIN AFTERSCHOOL centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, india www.afterschoool.tk mobile : 91+9414430763
5 DECEMBER 09 www.afterschoool.tk 1
What is an industry ?
Section 3(d) of I.D.R. Act defines industrial undertaking to include any undertaking pertaining to a scheduled industry carried on in one or more factories by any person or authority including Government. What is not a factory : where the number of workers employed is less than 50 where power is used or, less than 100 where no power is used, it would not be considered to be factory under the Act and consequently, it would not be an industrial undertaking for the purposes of this Act. Though the word undertaking is not separately defined in the Act, the basic feature expected to be present to constitute an undertaking is the existence of a factory as defined in the Act where some manufacturing process is carried on.
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Owner
The term owner under Section 3(f) of IDRA has been defined to mean the person who, or the authority which, has the ultimate control over the affairs of the undertaking and where the said affairs are entrusted to a manager, managing director or managing agent, such manager, managing director or managing agent shall be deemed to be the owner of the undertaking. He has the responsiblity to obtain licence and take permission from the government.
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When investment in plant and machinary is less than 5 crore rupees (earlier this limit was Rs. 1 crore), it is called small scale industry. It can be set up by registration with DIC (district industry centre)
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Location of industry
Industrial undertakings are free to select the location of a project. However, in the case of cities with population of more than one million (as per the 1991 census), the proposed location should be at least 25 KM away from the Standard Urban Area limits
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Environmental clearances
Industries have to obtain Statutory clearances relating to Pollution Control and Environment for setting up an industrial project and expansion/ modernisation of existing projects. Environment Protection Act, 1986 has listed 32 projects for which these clearances are compulsory.
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Handicraft exports
1. New Handicraft SEZs have been established to procure products from the cottage sector and do the finishing for exports; 2. Duty free import entitlement of trimmings and embellishments has been fixed as 5% of the FOB value of exports during the previous financial year. The entitlement is broad banded, and extends also to merchant exporters tied up with supporting manufacturers; 3. The Handicraft Export Promotion Council has been authorized to import trimmings, embellishments and consumables on behalf of those exporters for whom direct import may not be viable; 4. Specific funds have been earmarked under MAI and MDA Schemes for promoting Handicraft exports; 5. The duty free import of trimmings, embellishments and consumables have been exempted from Countervailing Duties; 6. New towns of export excellence with a reduced threshold limit of Rs 250
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What is an SBU?
Strategic business unit a unit which has independent decision making power withing overall corporate strategy of the corporation. It can take strategic decisions like product, market, technology, etc. An SBU is an independent unit within the corporate umbrella.
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