Question

give the meaning of industrial licensing​

Answer 1

Answer:

In India, there are some regulations and restrictions with regard to establishing industries in certain categories. This is done by making it mandatory to obtain licenses before setting up such an industry.

Since the liberalization and deregulation of the Indian economy in 1991, most industries have been exempt from obtaining an industrial license to start manufacturing in India. Government attention is reserved only for those industries that may impact public health, safety, and national security.

In India, industrial licenses are regulated by the IDRA, 1951 Act, and are approved by the Secretarial of Industrial Assistance (SIA) on the recommendation of the licensing committee.

Answer 2

It is the authority given to start an industry.

• It is the permission given by a government agency to an institution or organisation.
• This is done in order to allow them to launch an industry or a certain function.
• Regarding the establishment of industries in particular categories, there are specific rules and limitations in India.
• This is accomplished by requiring licences to be obtained before establishing such an enterprise.
• The IDRA, 1951 Act governs such licences in India.

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