Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Apparel/Garments / GST to be beneficial for Walmart India
GST to be beneficial for Walmart India
Jun '17
Walmart India will benefit from the Goods and Services Tax (GST) regime, which will be implemented in the country from July 1, as per a top official of the company. GST will ensure that the nation becomes one national unified market and in the medium to long term, it will eliminate the need for Walmart to have a warehouse in every state, said the official.

The elimination of the requirement to have a warehouse in every state will help Walmart benefit in terms of economies of scale, Krish Iyer, president and CEO of Walmart India, told a news agency.

He said that if the business could be run at a lower cost, the benefits will eventually be passed onto its customers. This will lead to the prices of various commodities to come down.

Iyer also said that the company is planning to grab a big share for itself in India and is planning to benefit in a big way. Walmart is appreciative of the government in terms of reforms, refunds. Iyer also said that the GST will help remove a number of barriers that exist currently.

Iyer recently attended the meeting that was held between Douglas McMillion, CEO of Walmart and Prime Minister Narendra Modi. McMillion said during the meeting that Walmart is committed to expand its operations in India.

Walmart plans to open over 50 more cash and carry stores in the next five years, of which 16 are already in the pipeline.

Iyer also said that he has witnessed a lot of changes in terms of ease of doing business in India and concepts like e-governance and rooting out corruption are commendable. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2022

Real US GDP rose at 6.9% annual rate in Q4 2021: BEA

Real US gross domestic product (GDP) increased at an annual rate of...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2022

Egypt’s garment exports rise by 41% to $2.49 bn in 2021 over 2020

The Egyptian apparel sector’s exports rose by 41 per cent in 2021 to...

Pic: Prasit Rodphan | Dreamstime.com

Textiles | On 28th Jan 2022

Cambodia-Vietnam trade volume touches $9.3 bn in 2021

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Recron Polyester from Reliance Industries Limited
Page Industries Limited (Bangalore)
John Varvatos
J ;& P Coats
KAS Direct Sourcing
Huntsman (Singapore) Pte Ltd
Seasalt Limited
Green Fibre
IKEA of Sweden AB
Hela Clothing Pvt Ltd
Gokaldas Exports Limited
MAS Active / MAS Kreeda / MAS Bodyline
Rayonese Textile Inc., Division de Culp Inc.
Helly Hansen Far East Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sainsbury's Argos Asia Limited
Sateri (Jiujiang) Fiber Co.,Ltd
NITI Aayog
Chori Company Limited
Amazon China
Aquarelle Clothing Limited
Etam Group Strategy Hong Kong Limited
Hirdaramani International Export Private Limited
Tommy Hilfiger
Lacoste (Wanchai)
Vianney Textil Hogar S.A. De C.V.
Gloria Jeans
Alix Partners
OVS Hong Kong Sourcing Ltd.
Varner AS Retail
Lisa S.P.A.
Lenzing Aktiengesellschaft
Esprit Europe Services GmbH
Aramark Uniform ;& Career Apparel, LLC
Calvin Klein
Gatsby Africa
Maceton Limited
LC Waikiki
T.T. Limited
Target Corporation (MN)
C;&A Sourcing International Ltd
The Top Form Brassiere Manufacturing Company Limited
PVH Corporation
Phong Phu international JSC (PPJ)
H;&M Hennes ;& Mauritz (Far East) Ltd
Restoque S.A.
Lululemon Athletica Inc
Tory Burch Hong Kong Ltd
Groz-Beckert East Asia LLP
Benetton Group
Truetzschler India Private Limited
Landmark Group
IDH – The Sustainable Trade Initiative
Brandix Lanka Limited
Tchibo GmbH
Cat Tuong Real Estate Group Joint Stock Company
Sportmaster Ltd.
Under Armour Global Sourcing Ltd
International Textile Manufacturers Federation
SHAHI Exports Pvt Ltd
G-Star Raw C.V.
Midas Clothing Limited
Gap International Sourcing Limited
Sportswear Company Spa
Chico’ FAS
Rosset ;& Cia Limited
Desigual - ABASIC, S.A.
Reiter India Private Limited
Alison Hayes Romania
The LYCRA Company Singapore  Pte. Ltd
Grasim Industries Limited
Boardriders Asia Sourcing Limited
Vardhman Textile Ltd
Bluestem Global Sourcing Limited
Eastman Chemical Company

January 2022

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

Advanced Search