Which investment is considered for deciding the status of manufacturing enterprises?
Answers
Manufacturing Enterprises-he enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.
Service Enterprises:-The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment..
Manufacturing Sector
Enterprises investment
in plant &
machinery
1 Micro Enterprises Does not
exceed twenty
five lakh rupees
2 Small Enterprises More than
twenty five
lakh rupees
but does
not exceed
five crore
rupees
3 Medium Enterprises More than
five crore
rupees but
does not
exceed ten crore
rupees
The Manufacturing Enterprise is defined in terms of investment in ‘Plant and Machinery’.
Explanation:
- They are termed as ‘Micro enterprises’ when their investment does not exceed 25 lakhs.
- They are called small enterprises when the investment is between 25 lakhs and 5 crores. They are termed as ‘medium enterprises’ when the investment is above 5 crores.
- Manufacturing Enterprises are the enterprises that are engaged in the ‘manufacture or production’ of goods in regards to any kind of industry.
- These terms of defining the status of the enterprise are according to the Industries Act 1951 for development and regulation.
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