2. Definitions : In this Act, unless the subject or the context otherwise requires,
(a) “Industry” means any industry as referred to in Section 3.
(b) “Cottage Industry” means any industry as referred to in Section 4.
(c) “Small Industry” means any industry as referred to in Section 5.
(d) “Medium Industry” means any industry as referred to in Section 6.
(e) “Large Industry” means any industry as referred to in Section 7.
∑ This act come into force on 1 shrawan 2057
* (e1) “Export Promotion Industry” means any prescribed industry established  with the objective of exporting eighty or more than eighty percent of its
product.
* (e2) “Export Processing Zone” means a zone prescribed by Government of Nepal where an export promotion industry is to be situated.
(f) “Fixed asset” means movable and immovable properties of any industry  as referred to in Section 8.
(g) “Board” means the Industrial Promotion Board constituted under Section 12.
(h) “Committee” means the One Window committee constituted under  Section 17.
(i) “Operation Date” means the date from which the concerned industry either starts its commercial production or provides its service.
(j) “Department” means the Department of Industries or the Department of Cottage and Small Industries or any other department or office as
Government of Nepal may, by notification published in the Nepal Gazette, specify,
(k) “Prescribed” or “As prescribed” means prescribed or as prescribed in rules make under this Act or in an order issued by Government of Nepal
by notification published in the Nepal Gazette.