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Mahesh no more sale Thums up
By: Tupaki Desk | 11 July 2014 10:31 AM GMT
In the 2014 India budget presented by Arun Jaitly there is an additional five per cent excise duty announced in the Budget would hit the industry hard and lead to a slowdown in the sector. The increase of this can lead to increase in the price of the beverages.
On speaking this the beverages association in generally the beverages industry mostly uses agricultural products, the increment can hit the use of these products and it indirectly hits the employment in various sectors. The association urged the government to reverse the hike, saying the move will retard the progress of an industry which can have a significant positive impact on India's development.
In other side the increment can lead to reduce the marketing share where industry can only spend little amount to save the profits in the short time.
On speaking this the beverages association in generally the beverages industry mostly uses agricultural products, the increment can hit the use of these products and it indirectly hits the employment in various sectors. The association urged the government to reverse the hike, saying the move will retard the progress of an industry which can have a significant positive impact on India's development.
In other side the increment can lead to reduce the marketing share where industry can only spend little amount to save the profits in the short time.
