India should cut electricity bills for all commercial activity by half for the next quarter and halve property tax for fiscal 2020-21, according to Pramod Mittal, chief executive officer of Indian footwear and accessories brand Pelle Albero. Companies should be allowed to retain 10 per cent of goods and services tax (GST) payable for the next 12 months, he said.
The actual restoration of sales in the fashion sector will take at least 15 months provided appropriate actions are undertaken by the government to uplift the economy, Mittal told Fibre2Fashion in an interview.India should cut electricity bills for all commercial activity by half for the next quarter and halve property tax for fiscal 2020-21, according to Pramod Mittal, chief executive officer of Indian footwear and accessories brand Pelle Albero. Companies should be allowed to retain 10 per cent of goods and services tax payable for the next 12 months, he said.#
For the full interview, please click here.
Fibre2Fashion News Desk (DS)
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