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DAILY NEWS ANALYSIS

  • 05 June, 2020

  • 8 Min Read

IEM (Industrial Entrepreneur Memorandum)

IEM (Industrial Entrepreneur Memorandum)

Context

  • Applications for IEM/IL under the I(D&R) Act, 1951 are currently accepted through the IEM portal at https://services.dipp.gov.in.
  • Through this portal, applications for acknowledgement of IEM – Part A (for the establishment of business) and IEM – Part B (upon commencement of commercial production) are filed online by entrepreneurs of prescribed industrial undertakings.

(1) What is an IEM (Industrial Entrepreneur Memorandum)?

  • Industrial undertakings exempted from the requirements of Industrial Licensing under I (D&R) Act, 1951 are required to file information relating to the setting up of industries known as IEM (Industrial Entrepreneur Memorandum).
  • This is filed online by filing details as per 'Part A' of IEM through portal G2B.

(2) Whether all industries are required to file IEM?

  • All industrial undertakings exempted from the requirements of industrial licensing under I (D&R) Act, 1951 and having an investment of Rs 10 Crore or above in the 'manufacturing sector and Rs. 5 Crore or above in the 'services sector, including Existing Units, New undertaking (NU) and New Article (NA), are required to file an IEM, i.e. "Form IEM" in the prescribed format 'Part A'.

Source: PIB


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