“Investment in Infrastructure is a key factor to attain and sustain 9% or even double-digit economic growth. However, there is a big gap in infrastructure targets and achievements with progress slow in several quarters. Effective incentives, fairer taxation, funding infrastructure augmentation in PPP projects and market friendly policies will be essential to encourage the private sector to contribute towards nation building activities, and will help India achieve a conducive environment for steady economic growth in the medium to long term. Additionally, the government should also consider moving towards a ‘green taxation’ system where industries, commodities and companies are taxed on the basis of their ecological footprint and use of non-renewable sources of energy. Tax incentives could be increased for projects like low carbon transport infrastructure.”
Tuesday, February 15, 2011
Shah Hakim Zain, Group CEO, Scomi Group
“Investment in Infrastructure is a key factor to attain and sustain 9% or even double-digit economic growth. However, there is a big gap in infrastructure targets and achievements with progress slow in several quarters. Effective incentives, fairer taxation, funding infrastructure augmentation in PPP projects and market friendly policies will be essential to encourage the private sector to contribute towards nation building activities, and will help India achieve a conducive environment for steady economic growth in the medium to long term. Additionally, the government should also consider moving towards a ‘green taxation’ system where industries, commodities and companies are taxed on the basis of their ecological footprint and use of non-renewable sources of energy. Tax incentives could be increased for projects like low carbon transport infrastructure.”
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About Scomi Group
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companies are involved in three core businesses: Oilfield Services; Transport Solutions and Marine Services.
The Group offers Drilling Fluids (DF) & related engineering services, Drilling Waste Management (DWM)
solutions, distribution of related oilfield products and services, marine vessel services, machine shop services,
urban transportation solutions involving special purpose vehicles, monorail vehicles and buses, supply of
industrial and production chemicals and carbon dioxide (CO2) separation.
Scomi Group has almost 50 years of experience in the industry servicing numerous local and multinational
customers. Achieving turnover of RM1.97 billion or USD584 million in 2009; Scomi employs over 5,000
employees at 60 locations in 29 countries.
Scomi’s ability to harness the synergies between its varied businesses has seen it transform itself to become
an integrated solutions provider in niche markets. Scomi’s subsidiary and associate companies are involved in
the following wide range of activities worldwide:
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Oilfield Services is primarily involved in the provision of integrated drilling fluids and drilling
waste management solutions, machine shop services and distribution of an array of products and
services to the industry.
Transport Solutions is focused on the manufacturing and design of monorail systems, buses,
special purpose vehicles, rail wagons, and defence vehicle solutions.
Marine Services is divided into the marine logistics business and offshore support in the oil and
gas industry. Its marine logistics business focuses on coal transportation. Its offshore support
business provides vessels to the oil and gas industry to support offshore operations.
Production Enhancement has two main areas of business, namely chemicals and gas. The
chemical business provides production chemicals to the upstream segments of the oil and gas
industry whereas the gas business provides carbon dioxide separation technology
Scomi Group has been spearheading expansion in the emerging markets of Brazil, India, Gulf States and
China. Through its new company Scomi International Pte. Ltd., the Group is accelerating its continued growth
as a one of three world-leading manufacturers of innovative transportation solutions especially in monorail
systems.
Scomi is committed to giving back to the society through community development. Scomi is currently
initiating project PYRAMID for community development and also has plans for rehabilitation in the vicinity
where the monorail goes through.