One of the major costs in an infrastructure project is the tax cost that a project has to bear on account of various indirect taxes, viz., the value added tax, works contract tax, service tax and many other similar taxes. Typically, in most of the infrastructure projects, the owner awards a turnkey contract to one party known as the engineering, procurement and construction (EPC) contractor.
Tag: equipment
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Packing a punch?
Many industry observers feel the time is right for the government to exit and look at reducing its investments in power distribution and allow commercial capital to flow into the sector.
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The 2 % mandatory CSR spend is a move in the right direction
Revealing the loopholes in water management, Vivek Shah, Managing Director, K Pack Systems Pvt Ltd, points to the opportunities created and impact of the government´s initiatives.
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Porting Ahead
The government has announced a massive investment in India´s ports sector, which is likely to boost the country´s economy. The government has massive plans of developing ten coastal economic regions by reviving the country´s Sagarmala (string of ports) Project.
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BHEL inks three strategic pacts in Kazakhstan
State-run power equipment-maker BHEL signed three agreements with Kazakh companies during Prime Minister Narendra Modi´s recent visit to the country.
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?Global demand for energy to increase by 35 per cent by 2040?
ExxonMobil shares its perspective on how improvement in efficiency of machinery and equipment can help mitigate the effects of the rising energy demand in the industrial sector
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Atlas Copco identifies apt loading solutions
Atlas Copco has developed an innovative digital tool that makes the task of choosing the right loading solution for tunnels and mines easier than ever.
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Volvo Trucks present new Volvo FH Series
19 YEARS. That is how long it is since Volvo Trucks last launched an entirely new truck generation. It was 1993 and the trucks were the Volvo FH12 and FH16. The series was an immediate success and, one year later, it was chosen as the prestigious Truck of the Year.
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A call on telecom
India´s telecommunication network is the third largest in the world and the second largest among the emerging economies of Asia. It has witnessed phenomenal growth over the last decade as substantiated by the following facts and figures
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Rs.1 lakh-crore orders soon for power, mining equipment
The power and coal sectors will shortly issue orders worth over Rs 1 lakh crore for various projects, including four new giant power projects, according to Piyush Goyal, Union Minister of Coal, Power and Renewable Energy.