Budget 2013: What’s in store for e-tail India?
We may be too busy to notice the climate change as the season changes six times in twelve months, but hard to miss is the budget season that keeps the whole market in an upbeat mood. Speculations, expectations and remarks hit the headlines every time and this year it was no exception. A quick sneak peek at the mental picture of the budget the ecommerce sector experts have in their minds.
To start with, the pre - budget expectations of Laurent Dhaeyer, MD, Ogone Asia and EBS spoke of a united payment ecosystem. He said, It is not only the responsibility of the government and its policy initiatives but also the responsibility of every member in the process chain of the e-commerce business such as merchants, payment gateways and customers to work in harmony to shape up the industry's future.
Myntra.com CEO expressed his hope for business friendly tax measures, implementation of GST in an effective way and a healthy infrastructure to make India a lucrative destination for foreign investment.
Mr. Sachin Bansal, CEO of Flipkart went one step further explaining the long term impacts of an effective GST. According to him, the benefits can be used to improve the supply chain and logistics system and the cost saving can then be transferred to the consumers. A market friendly taxation system would ensure faster growth and expansion.
The concern of MSMEs remained the priority for Dinesh Agarwal, CEO, Indiamart.com. Getting financial support from banks was never easy for this sector and hence provision of easy and adequate flow is the need of the hour. Credit Guarantee Fund Trust for Small and Medium Enterprise also found a mention in his part of the expectation from the budget.