6th Annual EPC Conference
The Engineering Procurement & Construction (EPC) services industry in India is faced with unique opportunity with substantial investments in the public and industrial infrastructure. The 12th five year plan in the recently concluded Union Budget has projected an investment of USD 1 trillion in infrastructure with 47% of investment from the private sector. The Government has proposed various measures to increase investment in infrastructure like encouraging infrastructure debt funds, credit enhancement to infrastructure companies, allowing companies to raise infrastructure taxfree bonds up-to 500 billion INR, etc. This encouragement from Government has opened numerous opportunities across various industrial sectors such as power sector, metro projects, oil & gas sector, etc, and a relative and commensurate growth opportunities for Companies operating under the EPC model. Also, the Companies in India are formulating strategies for outbound investments in EPC sector.
Having said so, the challenges being faced by EPC players is also not hidden. Delays in execution in EPC projects is a common site in India due to various hurdles faced by the contractors including Regulatory, Legal and Commercial challenges. On top of it, there is no respite on tax front also with the tax authorities in India scrutinizing minutely the cross border transactions. Although Government's decision on GAAR deferment is welcomed by the Industry, however, the need of the hour is bring along paradigm changes in the tax laws to encourage the EPC players.
The 6th Annual EPC Conference in Delhi 2013 intends to provide insight into the commercial, regulatory, legal and tax issues being faced by the EPC players and would also provide views of Industry experts on the tax and commercial issues.