What's a Project ?

A project is a scheme for setting up a manufacturing or infrastructure facility or expanding capacity of an existing facility or modernizing an old one.

The promoter - ultimate owner of the project - drafts a scheme for setting up a manufacturing facility for certain product or infrastructure project such as airport, seaport or hotel, hospital.

The promoter appoints a technical consultant for engineering services such as technology or product knowhow, designing process, short listing vendors/contractors, site supervision, etc. Based on recommendations of the consultant, contract for construction of the plant is awarded to a contractor.

These contractors procure equipment from the manufacturers approved by the consultant and construct the facility at site.