Business Environment, 4th Edition by Pearson

Industrial Licensing | 71

Thus,

industrial

licen

sin

g

has

b

e

co

me

an

ess

e

n

t

ial

aspect

o

f

the industrial

p

o

lic

y

o

f

the

G

o

v

e

r

n

ment of India. There are, however, some areas of exception. Certain

exemptions are granted

f

o

r

obtaining industrial licences.

Exemptions from Licensing

Although licensing is widespread, 27 broad categories of industries are exempted

from licensing. These include automotive ancillaries, agricultural implements,

cycles,

leather goods, glassware, and so on. Export-oriented units (EOUs), import-

substitution items, latest technology

ind

u

str

i

es,

capital goods industries, which

produce mass consumption goods for lower and middle classes, ...