Financial Daily
from THE HINDU group of publications
Saturday, March 25, 2000
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Financial Daily from THE HINDU group of publications Saturday, March 25, 2000 |
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Clarification on SSI sector investment limit
Our Bureau
NEW DELHI, March 24
THE Government has clarified that SSI/ancillary units which have obtained provisional registration on the basis of its notification of December 10, 1997 and have taken concrete steps for implementing the project such as preparation of project reports, sa
nction of loans, purchase of land, among others before December 24, 1999 will continue to enjoy small-scale industry status as long as the investment in plant and machinery does not exceed Rs. 3 crores.
In a statement, the Government has said this is notwithstanding the revised investment limit of Rs. 1 crore notified on December 24, 1999.
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