India Inc stakeholders react to passage of GST Bill

* Navin Gupta, Founder & CEO, Autoload:
GST will be a game changer for logistics start-ups like Autoload. There will be a shift from traditional inefficient way of undertaking transportation to transparent and efficient platforms like us. This transparency and efficiency will reduce costs and increase visibility.
*Anil Yendluri, Director & CEO, Krishnapatnam Port:
As a port operator, we welcome the implementation of GST as there would be tremendous reduction in the overall transportation and logistics costs. This translates to lower transit time and high rail-road utilisation by way of seamless inter-state movement of goods.
* Manish Sharma, President, CEAMA India:
GST Bill ushers in a sentiment of positivity in the consumer electronics industry and is a further step towards increasing the ease of doing business in the sector. Moreover, it unites India into one economic entity making it a common market place thus, making our cost of production and competitiveness far more effective. GST will further contribute to the economic growth by uplifting the overall stature of local manufacturing by cutting down the logistical and transactional costs.
* Sunil D’Souza, Managing Director, Whirlpool of India:
“We believe that GST is a welcome move as it will not just help in removing economic distortions but will also build transparency. The consumer will be the beneficiary as it will help drive consumption and simultaneously fuel growth for the consumer durables sector. The GST will help the industry in optimising warehousing and inventory carrying costs.”
* Ritesh Agarwal, Founder, OYO:

“It is very encouraging to note that the GST Bill is finally on its way to becoming a reality after years of wait and discussions. It was one of the biggest pillars of reforms which will take up India’s ranking in Ease of Doing Business by several notches. We look forward to working closely with the Government in working out the rules which will provide greater clarity with regard to the applicability of this law for e-commerce players and aggregators.”