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Review of the Policy on Industrial Licensing is an ongoing process. Since January 2002, upto June 2005, 476 applications for grant of Industrial Licence have been received and 377 applications were disposed off. Statement showing state-wise position is annexed.
As a measure of further simplification of procedures, announced vide Press Note No.4 (2003 series) dated 10/10/2003, Industrial Licences are being granted directly against applications instead of issuing Letters of Intent (LOIs) in the first instance and its subsequent conversion in to Industrial Licence. This procedure does not apply to the applications relating to manufacture of items reserved for exclusive production in the small-scale sector where a Letter of Intent is first issued and is converted into Industrial Licence on execution of undertaking for export obligations.
This was stated by Shri E.V.K.S. Elangovan, Minister of State for Commerce & Industry, in a written statement in the Lok Sabha today.
SB/MRS
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