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Fluid power market witnessing spur in demand
With demonetisation & GST effect waning and the spend on infrastructure increasing, the fluid power industry, especially the mobile hydraulics, is likely to witness remarkable expansion in the coming years.Read more
DeMo & GST have considerably slowed down the economy
Demonetisation and GST have adversely affected the demand for printing and packaging machinery industry. In this interaction, S Dayaker Reddy, President of Indian Printing, Packaging and Allied Machinery Manufacturers’ Association (IPAMA), and Director, Sai Enterprises, highlights the challenges of this industry and probable solutions.Read more
Demystifying GST for SMEs
The Goods and Services Tax has been implemented to revive the Indian taxation system. The GST Act was passed in the Lok Sabha on 29th March, 2017, and came into effect from 1st July, 2017. Since law-making and implementing is a process of continuous learning and improvement, it does lead to uncertainties at times and the same is also true for GST. To clear this dust of confusion to some extent with respect to SMEs , IPF conducted a roundtable conference on 30th August at Delhi.Read more
GST council to rank companies on tax payment track record
The Goods & Services Tax (GST) council is mulling to put together a system to rank businesses based on their tax payment records.Read more
GST will take battery recycling industry to organised domain
Rajat Agrawal, MD of the Jaipur-based Gravita India, one of the leading recyclers of non-ferrous metals in India offering eco-friendly lead battery recycling technology. Agrawal is first generation entrepreneur and has over 24 years of experience in the manufacturing sector. In this interview with IPF, he sheds light on the status of battery recycling industry in the country.Read more
GST has opened up UPS market for everybody
Amitansu Sathpathy, Director of Best Power Equipments (I) Pvt Ltd (BPE), the Noida based manufacturer of UPS system. In this interview with IPF, he highlights the impact of GST on UPS market and growth plans for the company.Read more
How can SMEs be big and effective?
Ranabir Chakraborty analyses the impact of GST on SMEs in lead acid battery industry and provides probable strategies for their survival. The Indian lead acid battery market, which is around Rs 35,000 crores per year market now, can be divided in to three groups - big players, next level and small players.Read more
GST: A structural reform propelling India's growth story with greater compliance
With Goods and Services Tax (GST) becoming operational from July 1, 2017, the whole government machinery is working day & night to ensure smooth roll out and efficiency at every step. While there are no two opinions about the long term benefits of the one-tax regime, there are concerns being raised by the industry with respect to implementation and initial compliance issues. Let’s look at the positive side first.Read more
GST may impact our sales for this year
During Intec 2017, PS Ganesan, General Manager, Kabelschlepp India Pvt Ltd, speaks on the history of company, and the various products offered by them. The word ‘Kabelschlepp’ means cable systems. Kabelschlepp is a Germany-based company. I started working with them in 2009, and the company has been doing business in India since 2006.Read more
The prospect of material handling industry looks promising with the introduction of GST
Harsh Dhami, Managing Director, HVD Distributors Pvt Ltd, expresses a hopeful outlook for the material handling industry in an interview with IPF. India has emerged as the fastest growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF). Numerous foreign companies are setting up their facilities in India on account of various government initiatives like Make in India and Digital India would boost the manufacturing sector. Read more
