Biomass pellet manufacturing to be included under NIC code in India
The Financial Express reported that the MSME ministry published an office memorandum that confirmed a request was received from stakeholders in the MSME ecosystem to include multiple activities under the National Industrial Classification (NIC) codes.
The request pertains to the inclusion of drone manufacturing, portable petrol pump/portable service stations, biomass pellet manufacturing and was signed by MSME deputy director of policy RK Parmar.
According to the memorandum, the codes recommended by the Ministry of Statistics and Programme Implementation in a letter dated 23 August, were 26,515 for the inclusion of drone manufacturing, 47,300 for the inclusion of portable petrol pump/portable service stations and 38,300 for the inclusion of biomass pellet manufacturing. The MSME Ministry also received a request for the inclusion of technical textiles which according to the statistics ministry is already covered under NIC code bearing code 13999.
The MSME ministry has written to the NIC cell under the DC office for “necessary action” of including the said activities under NIC codes. The unique NIC code is provided by the government to track and analyse the business proceedings for businesses and also to ascertain how much each economic activity is contributed towards national wealth.