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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>India Updates to NIC-2008: Enhances Global Compatibility, Boosts Business Efficiency, and Simplifies Approvals for Investors.</h1> The National Industrial Classification system in India has been upgraded from the 1987 version to the NIC-2008. This change aims to provide a more modern and internationally compatible classification system, reflecting the evolving economic structure and user needs. The NIC-2008 is designed to be more investor-friendly, aiding new businesses by facilitating smoother approvals, registrations, and categorization. This transition allows Indian businesses to adopt globally recognized standards, enhancing their international competitiveness and operational efficiency. The new system is effective immediately for industrial license and IEM proposal classifications.

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