3 minutes, 14 seconds
-16 Views 0 Comments 0 Likes 0 Reviews
If you're planning to set up or expand a large-scale industrial unit in India, understanding the Industrial Entrepreneur Memorandum (IEM) process is essential. This process ensures transparency and compliance while formally notifying the government about your industrial intentions. Let's explore the key aspects of the IEM process.
The IEM process involves submitting an application to the Department for Promotion of Industry and Internal Trade (DPIIT), informing them about your plan to establish or expand an industrial unit. This is particularly relevant for industries that are exempt from industrial licensing but require large investments. Thanks to DPIIT’s G2B Portal, the submission process has become more efficient and convenient.
Before starting your industrial project, you must file Part A of the IEM. This submission includes key details about your enterprise, such as:
Type of products
Investment amount
Location of the industrial unit
The entire process is conducted online through the DPIIT’s G2B Portal, ensuring a smooth and hassle-free experience.
Once your industrial unit starts commercial production, you are required to submit Part B of the IEM. This step formally notifies the authorities that your project is operational. Like Part A, this process is also completed online via the G2B Portal.
Filing an IEM helps your business operate within a legal framework, promotes transparency with the government, and may offer access to various incentives. The online submission process simplifies compliance, making it accessible for entrepreneurs aiming to expand their industrial footprint.
Navigating the IEM process can be complex, but you don’t have to handle it alone. Tatva Consultancy Services specializes in obtaining registrations and certifications, including IEM, ensuring a seamless process for your industrial venture. With over 20 years of experience in the industry, we are committed to making your entrepreneurial journey smooth and successful.
Every major venture begins with a single step. IEM Registration in India might be the crucial step toward realizing your business aspirations. Get in touch with Tatva Consultancy Services today and turn your industrial dream into a reality!