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


Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Paolo Crespi,

Paolo Crespi

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

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

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

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search