Question

Tasty food Industries set up food and beverages processing plant in the rural area of Haryana

and opted for labour intensive technique due to easy availability of labour and to provide

employment to local people. Board of directors decided to invest ₹ 50 lakhs to acquire plant

& machinery, ₹ 1 crore to buy land, ₹ 20 Lakhs to buy raw material and ₹ 20lakhs to maintain

day to day expenses.

a) Describe any three ways of funding startups like Tasty Food Industries.​

Answer 1

Answer:

Preet Food Industries set up food and beverages processing plant in the rural area of Haryana and opted for labour intensive technique due to easy availability of labour and to provide employment to local people. Board of directors decided to invest 50 lakhs to acquire plant & machinery, Rs. 1 crore to buy land, Rs. 20 Lakhs to buy raw materials and Rs. 20 lakhs to maintain day to day expenses.

(a) Name the Act of Industries which is applicable to the above industry.

(b) Which category of part (a) will the above industry came?

(c) State the investment limit in this category.

(d) What value have been followed by the above company?