If organised retail is to grow at its own projected pace, the Union government needs to accord it an industry status first. It needs to also implement the goods and service tax ( GST), simplify taxes and invest on infrastructure development. These were the key budgetary recommendations of a star-studded panel comprising doyens of the retail sector, who discussed threadbare the topic "Revving up Retail: Opportunities, Challenges and Asks" - a pre-budget panel debate, organised by The Economic Times in Kolkata on Friday. The discussions, moderated by Dr Prashant Mishra, professor marketing and admissions chairperson at IIM, Calcutta, comprised honchos like Rakesh Biyani, joint managing director, Pantaloon Retail (India) Ltd, Vijay Jain, CEO, Orra, Harkirat Singh, managing director, Woodland, Rudra Kishore Sen, director, operations and business development (East), McDonald's India (North & East), Debashish Mukherjee, partner, AT Kearney and Harshavardhan Neotia, chairman, Ambuja Realty.
Source: Economic Times
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