Home / Knowledge / News / Textiles / Post-GST: Growth will depend on strategic plans
Post-GST: Growth will depend on strategic plans
12
Sep '16
Rohan Sharma, Associate Director – Research & Real Estate Intelligence Service, JLL India, speaks about the impact of GST on the retail sector.
 
Real estate prices are likely to remain within their existing range with increments only likely in select, superior mall projects once the Goods and Services Tax (GST) is rolled out. Besides, with the input tax credit helping save service tax, retailers would be keen to explore new places for store openings, according to JLL India.
 
However, business considerations and strategic growth plans are likely to remain key drivers for their future expansion, Rohan Sharma, associate director for research & real estate intelligence service with JLL India told Fibre2Fashion. Sharma was responding to a question about how real estate prices would play out in the near future, and whether one would see a proliferation of more retail outlets, including malls.
 
Sharma said, “Physical retail growth will continue to be driven by business considerations and we are unlikely to see a spurt in store openings. Growth will be determined by strategic plans for under-served markets, upcoming locations and product offerings in established retail corridors.” On the question of growth, he added, “Growth will be determined by strategic plans for under-served markets, upcoming locations and product offerings in established retail corridors.”
 
President Pranab Mukherjee gave his assent on Thursday to the constitution amendment bill that enables the implementation of GST, which is expected to be rolled out on April 1, 2017. GST is expected to have an impact on tax collection since compliance with the new tax regime is expected to become easier. Experts believe that even though manufacturing, warehousing and logistics would benefit the most from GST, the retail sector could benefit immensely from this development.
 
It may, however, be a while for the GST regime to show results on the ground. On this, Sharma remarked, “While GST is considered a gamechanger, the law and its impact will be seen once implemented and our thoughts are that there will be evolution and learnings once actual implementation starts, and the law and authorities will be agile to respond to any demands from various industries and in the medium to long term, India becoming a unified marketplace will help us grow as a nation.” (WE)
 
Click here to read the full interview.

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 29th Sep 2016

CAI keeps 2016-17 cotton output at 336 lakh bales

The Cotton Association of India (CAI) has estimated cotton crop for...

Courtesy: Nandan Denim

Textiles | On 29th Sep 2016

Nandan Denim to raise Rs 100 crore through FPIs

Indian denim fabric producer Nandan Denim Ltd (NDL) plans to raise Rs ...

Apparel/Garments | On 29th Sep 2016

Outlook for Cambodia’s economy remains robust: ADB

Backed by 9.4 per cent growth in exports from the garment and...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

Amardeep Singh
Orient Craft

Saket Garg
Garg Corporation

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search