Union Finance Minister Arun Jaitley has announced that military canteens would initially pay full GST and get 50 percent refund on the total tax.
Dilip G Piramal, chairman, VIP Industries says the canteen store department (CSD) sales have normalised now and will grow by 11-12 percent in FY14.
The Indian Army has been cutting down on ordering FMCG products and concentrating on using up existing stock.
GlaxoSmithKline Consumer Healthcare plans to spend Rs 250 crore this year (calendar 2012) and Rs 150 crore in 2013 towards expanding its existing capacities.