Dear Sir,
Enhancement in SSI Investment Limit in respect
of Sports Goods- UCBs
Please refer to our circular UBD.CO.
BPD. 38/09.09.01/2003-04 dated March 19, 2004 regarding enhancement in the
ceiling on investment in plant and machinery from Rs.1 crore to Rs.5 crore in
respect of certain items reserved for manufacture in the SSI Sector.
2. We advise that Government of India have since
issued a Gazette Notification No. S.O 1109 (E) dated 13 October 2004 detailing
the list of seven items belonging to Sports Goods which are reserved
for manufacture in the Small Scale Industries (SSI) Sector, investment limit
in plant and machinery for which has been enhanced from Rs.1 crore to Rs. 5
crore.. These items are in addition to 13 Stationery and 10 Drugs & Pharmaceutical
items listed in the reserved items for manufacture in the SSI sector investment
limit for which has already been enhanced (cf. Order S.O.655(E) dated 5 June
2003).
3. You may accordingly reckon the bank advances
to such SSI units for the purpose of classification under priority sector.
4. A copy of Government of India, Ministry of
SSI letter No.4(1)/2002-SSI Board & Pol dated 26 October 2004 together with
a copy of Gazette Notification dated 13 October 2004 referred to above is enclosed.
5. Please acknowledge receipt.
Yours faithfully,
(G. N. Rath)
Deputy General Manager