Home / Knowledge / News / Textiles / E-com expects tax waiver, infrastructure boost from budget
E-com expects tax waiver, infrastructure boost from budget
13
Jan '17
E-commerce websites of India are expecting the government to waive off entry tax for e-commerce and implement measures to boost logistics and infrastructure in the upcoming Union Budget 2017-18. They also expect the budget to provide some relief to individual tax payers to increase consumer confidence post demonetisation and restore the momentum of consumption.

"Faster delivery ensures better customer satisfaction. In metros this is not a big challenge, however, when it comes to tier II and III cities, which contribute to 60 per cent of our orders, we face many roadblocks in terms of speed of delivery and reliability of services. We expect this budget to implement measures that would give a boost to infrastructure and logistics,” Sujayath Ali, founder of Voonik told Fibre2Fashion.

Waiving off entry taxes could help e-commerce reach more people. “We expect the government to waive off entry taxes for e-commerce so that it continues to reach more people,” Manoj Gupta, co-founder and CEO of Craftsvilla.com said in an email interaction with F2F.

Gupta also believes that the focus of the Union Budget 2017-18 is likely to be on digital India this year and expects the government to invest in the development of rural e-commerce.

“This time around the focus will be on digital India. The plethora of opportunities that rural e-commerce can provide would hopefully be supported by investments towards the development of the same. Easy access to high speed internet and other such areas would give the much needed push to this sector,” added Gupta.

E-commerce startups of India are also expecting this year’s Union Budget to ensure further penetration of cashless payments in consumer spending.

“There has been an upsurge in cashless transactions (online payment/wallets). A customer making online payments has a deeper engagement with the purchase process and hence we are able to deliver a much better experience. We expect the budget 2017-18 to announce a fresh set of initiatives that enables further penetration of cashless transactions in the overall consumer spending,” said Ali.

“We expect the budget to give some relief to individual tax payers, increase consumer confidence, thereby restoring the momentum in consumption,” added Ali. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search