A delegaon of retailers led by Retailers Associaon of India (RAI), the apex body of modern retailers in India, met with the Honourable Finance Minister Shri Arun Jaitley today and discussed policies to develop Indian retail. Indian retailers part of the delegaon, have invested over Rs. 40,000 crores generang 400,000 jobs with annual sales exceeding Rs. 100,000 crores. The delegaon emphasised the need to support Indian-managed, Indian-owned retail businesses to access global capital up-to 49 % without any restricons. They also discussed the need to create a unified FDI policy for “Retail Trade” as channels like E-commerce are just a sub-set of retail. Apart from FDI in retail, the retailers also discussed several important aspects of GST with the finance minister, appreciang the slab-wise approach to implemenng the much- awaited tax. In parcular, the retailers welcomed the Government’s decision to keep all essenal products, like Food, Texles and Apparels at rates ranging from 0-6% under GST. In addion, the delegaon emphasised the need to transion to GST at rates as close as possible to current effecve rate of tax. The RAI delegaon included senior leaders from Future Group, Shoppers Stop, Tata Group , Aditya Birla Group and Landmark Group. Retailers Associaon of India delegaon meets Finance Minister Arun Jaitely to discuss way for forward for Indian retail

A delegaon of retailers led by Retailers Associaon of

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Page 1: A delegaon of retailers led by Retailers Associaon of

A delega�on of retailers led by Retailers Associa�on of India (RAI), the apex body of modern retailers in India, met with the Honourable Finance Minister Shri Arun Jaitley today and discussed policies to develop Indian retail. Indian retailers part of the delega�on, have invested over Rs. 40,000 crores genera�ng 400,000 jobs with annual sales exceeding Rs. 100,000 crores.

The delega�on emphasised the need to support Indian-managed, Indian-owned retail businesses to access global capital up-to 49 % without any restric�ons.

They also discussed the need to create a unified FDI policy for “Retail Trade” as channels like E-commerce are just a sub-set of retail.

Apart from FDI in retail, the retailers also discussed several important aspects of GST with the finance minister, apprecia�ng the slab-wise approach to implemen�ng the much-awaited tax.

In par�cular, the retailers welcomed the Government’s decision to keep all essen�al products, like Food, Tex�les and Apparels at rates ranging from 0-6% under GST. In addi�on, the delega�on emphasised the need to transi�on to GST at rates as close as possible to current effec�ve rate of tax.

The RAI delega�on included senior leaders from Future Group, Shoppers Stop, Tata Group , Aditya Birla Group and Landmark Group.

Retailers Associa�on of India delega�on meets Finance Minister Arun Jaitely to discuss way for forward for Indian retail