No Tags Found!

avaishnavi
Hi, Could any one can help me on this, what will be the minimum employees in a medical manufacturing factory as per micro category. Thanks & Regards Vaishnavi
From India, Madras
boss2966
1168

Dear Vaishnavi If the employees strength is less than 5 in the Manufacturing industry, then it is considered as Micro Manufacturing Category. It means the employee strength must be 4 or less.
From India, Kumbakonam
korgaonkar k a
2556

Dear Vaishnavi ji,

With due respect to Shri. Bhaskar ji, I would like to correct that there is no criteria of number of employees in micro, Micro, Small and Medium category whether it is manufacturing or service providing industry.

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under:

(a) Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:

(i) A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;

(ii) A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; and

(iii) A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

In case of the above enterprises, investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No. S.O.1722(E) dated October 5, 2006.



(b) Enterprises engaged in providing or rendering of services and whose investment in equipment (original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006 are specified below.

i. A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh;

ii. A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore; and

iii. A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.

Hope your doubt is cleared.

Thank and regards.

Keshav Korgaonkar

Shantadurgaent.com,Insurance Advisors,Corporate Advisors,Legal Advise,Wage and salary,Shantadurgaent.com,Labour Compliance Audit,SSI registration,NOC from

From India, Mumbai
boss2966
1168

Thank you Mr. Keshav for your timely correction. I have read somewhere about the micro and small industries. On that basis I replied. Keep on enlightening us.
From India, Kumbakonam
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.