India - Informal Non-Agricultural Enterprises Survey: NSS 55th Round : July 1999 - June 2000

Plant is generally the name given to an assembly of machinery/ equipment / devices installed for the operation of entrepreneurial activities. Machinery means an implement or mechanical device used in the entrepreneurial activities. These are assets of durable nature and can be easily identified. The full value of the machinery should be reported, if the machinery was purchased during the year on hire-purchase basis. Advance payments made for the purchase of a machinery (not in possession on the date of survey) will not be recorded.