Manufacturers of processed foods have hailed the recent GST reforms, and say that consumption is expected to dramatically increase for their products in the coming months.
Moneycontrol spoke to five processed food manufacturing companies, on the sidelines of World Food India 2025 programme in New Delhi, who unambiguously said that they are going to pass on the GST-cuts benefits to consumers, as that would help them too in increasing their sales.
"The GST cut is a big relief for consumers as well as businesses. The supply chain costs for us will reduce further, and working capital pressures will ease," a senior executive from Mother Dairy told Moneycontrol.
"We have announced the price cuts on almost all our products…consumption is poised to grow in the coming months without a doubt," th