Industrial Entrepreneurs’ Memorandum
1. What is IEM?
Industrial Entrepreneurs Memorandum (IEM) is an application for acknowledgment of unit.
2. What is the eligibility for getting IEM?
The large scale industry having investment more than Rs. 10 crore in manufacturing sector and more than Rs. 5 crore in service sector are primarily which is outside the purview of the licensing provisions and for the items (s) not exclusively reserved for manufacture by SSI sector have to file an application for Industrial Entrepreneurs Memorandum means IEM.
3. In which case the IEM/ LOI is required?
The promoter can file IEM in following categories:
1.To set up a new industrial undertaking,
2. To effect substantial expansion of the industrial undertaking,