MSME refers to Micro, Small and Medium Enterprises that are one of the most important components of the economy. These are the enterprises that are classified by the amount of investment made on the plant, machinery, and sales turnover as the basis for developmental prospects in innovation, employment, and economic development.
Micro Enterprises: Non-dedicated & Non-resident up to ₹ 1 crore investment & up to ₹ 5 crore turnover.
Small Enterprises: Small-scale Industry up to ₹10 crore investment or up to ₹50 crore turnover.
Medium Enterprises: Micro and small enterprise is defined as the investment of up to ₹50 crores for manufacturing enterprises and up to ₹2 crores for service enterprises along with a turnover of up to ₹250 crores for manufacturing enterprises and ₹100 crore for service enterprises.
Secondly, the specialization in FDA regulations is vital since the firm needs to have personnel with adequate knowledge of the requirements that the FDA has set.)
Helping in filing and submitting applications, getting the approval and compliance documents as well.
Legal guidance on various legal issues related to the FDA and approval of products amongst other things for various businesses.
