Walmart will be benefited by the Goods and Services Tax (GST) which will be a win-win situation for all, the American retail giants top official in India said here today as the landmark tax reform measure is all set to be rolled out on July 1.
"For instance, in the medium to long term when it becomes one national unified market, you dont need warehouse in every single state. Thats a big benefit in terms of economies of scale, how one can drive economies of scale," Krish Iyer, president and CEO of Walmart India, told PTI in an interview.
"Eventually, if we are able to run the business at lower cost, we will pass it onto the consumers, and the prices of the central commodities can come down, so its a win-win for everyone, for the consumer, for the state, as well as for the business," said ...