NIC 941101 - Activities of organizations focused on promoting enterprise development in specific industries or fostering economic growth in a particular region or political area (Eg. State Industrial Development Corporation)

Use this code only when activities of organizations focused on promoting enterprise development in specific industries or fostering economic growth in a particular region or political area (eg. state industrial development corporation) is the closest description of the actual business activity. If revenue comes from trading, processing, support services or a different output, compare the relevant sibling or downstream Division.

Avoid this code if the business merely supplies, transports, sells or supports this activity without performing the core business activity. In that case, choose the trade, transport, service or manufacturing code that describes what the business actually does.

Check the parent hierarchy, compare 941102 Activities of federations of associations focused on promoting enterprise development in specific industries or fostering economic growth in a particular region or political area (FICCI, CII), 941103 Activities of chambers of commerce, and similar organisations, 941199 Activities of other business and employers membership organisations n.e.c., and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.

A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.

Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.