What is meant by medium scale industries?
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Under the new definition, a medium-scale industry will be one with investment in plant and machinery of Rs 1 crore to Rs 10 crore. ... A small-scale industry has been defined as those units that have investment in plant and machinery of up to Rs 1 crore
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Explanation:
Economic development refers to the transformation of an economy from a state of underdevelopment to a state of development. When we look at it, according to the Indian Government, we call a company medium scale industry when their overall investment is more than Rs. 5 crores, and also less than Rs. 10 crores.
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