Industrial Entrepreneur Memorandum (IEM)

Industrial Entrepreneur Memorandum Service

What is IEM

Industrial Entrepreneur Memorandum (IEM) is an undertaking to acknowledge the commencement of commercial production by filling the IEM application.
It is required to manufacture a new article or to take on the business of existing SSI units after graduating into a large-scale industry and to set up a new industrial undertaking.

IEM Part A – Business Establishment

Industrial companies exempted from the industrial license, including those currently operating in large quantities, must submit an Industrial Authorization (IEM) in Section A (according to the prescribed format) to the Ministry of Planning Industry and Promotion, India. Get an acknowledgment (confirmation).

IEM Part B – Commencement of Commercial Production.

All the industrial undertakings which had recorded IEM Part A are too fundamental to report the commencement of the commercial production. It is filed on-line on the G2B portal by way of filling data as of Part B of the IEM. And Part B need to be filed after the commencement of commercial production by the establishment.

Industries Required IEM

The expansive scale industries which has contributed more than Rs. 10 cores in the manufacturing sector and more than Rs. 5 crores in the service sector have to apply for this IEM (Industrial Entrepreneur Memorandum).
For a manufacture, an item which is not only reserved SSI sector, will also have to apply for this IEM.

DPITT G2B Portal

The Government of India has launched DPITT (Department for Promotion of Industry and Internal Trade) G2B Portal to create an investor-friendly business environment in India.
This platform provides access to a wide range of Government-to-Business (G2B) services for the creation Industrial Entrepreneur Memorandum (IEM) and Industrial Licensing (IL).
The portal also allows the user to track the application filing history and previously obtained licenses.

Documents for IEM Application

Certificate of incorporation
Article of Association
Manufacture of Association
IEM acknowledgement of Part A must be submitted for IEM Part B.

IEM Acknowledgment

Confirmation receipt of industry information from the Department for Promotion of Industry and Internal Trade (DPITT) is known as IEM approval.

Purpose

To take on the business of the existing SSI units after graduating into large scale industry.
To manufacture a new article.
To set up a new industrial undertaking, and to effect substantial expansion.

Frequently Asked Questions (FAQs)

What is IEM?

Industrial Entrepreneur Memorandum

What is IL?

Industrial License or Letter of Intent

Is IEM mandatory?

Yes, it is mandatory to file information related to setting up of industries.

Conclusion

IEM (Industrial Entrepreneur Memorandum) works on to start a new industrial enterprise, to make a major development of an industrial enterprise, to issue a new document, to continue the business of previous SSI units after passing through the big industry.

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