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Shoppers Stop expects relief through GST this budget

In an interview with CNBC-TV18, Govind Shrikhande, managing director of Shoppers Stop says, foreign direct investment (FDI) is very important for India and is critical for the growth of multiple sectors and just not retail.

February 22, 2011 / 13:46 IST
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Govind Shrikhande, managing director of Shoppers Stop says, foreign direct investment (FDI) is very important for India and is critical for the growth of multiple sectors and just not retail.

100% FDI in retail will boost export sales thus benefiting the customers as well as the overall economy, he added.

He expects the government either to abolish the service tax on rent or it should allow the retail industry to it set off through the goods and services tax (GST) route or any other route, this budget.   Below is the verbatim transcript of Shrikhande's interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: Any buzz that you are picking on FDI multibrand? A: I don
TAGS: #Budget #Business #FDI #Govind Shrikhande #Retail #Shoppers Stop
first published: Feb 22, 2011 11:18 am

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