Post Budget Reactions from Samarjeet Singh, CEO and Founder, Iksula Services Pvt. Ltd.

'The Union Budget 2016 unveiled by Honourable Minister Arun Jaitley is a mixed bag for the retail/eCommerce sector. The biggest move was the allowance of 100% FDI in multi-brand retail for food products. Having worked with Tesco (the only foreign multi-brand retail firm in India), we're confident this new policy will create new opportunities in the retail industry, particularly the eRetail space. However, major policy announcements for the eCommerce space and the GST clarity were missing. Having said that, the Budget will be lauded for having a clear focus on developing the rural sector, which will contribute to a healthier economy in the long-run' said Samarjeet Singh, CEO and Founder, Iksula Services Pvt. Ltd.

Source : Equity Bulls

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