Cost & Financial Issues

For sponsored/collaborative projects the project cost is estimated based on the following aspects :

Manpower cost for design/development/manufacturing etc.
Equipment and material cost
25% overhead on physical inputs and raw materials
33.33% of the total project cost is considered to be intellectual fees
For sponsored/collaborative projects, technical & modern services, the Service Tax is 10.2%. For Grant-in-Aid projects, manpower cost and intellectual fees are not considered. Projects based on institute funding are exempted from overhead, intellectual fees and service tax.

Our Successful Projects

Central Mechanical Engineering Research Institute
Durgapur-713209, India