GST to prove death knell for food processing SMEs, says AIFPA

Ahmedabad | Thursday | 20th September, 2018

Summary:

Mega Food Park in Surat to become operational by NovThe Mega Food Park at Mangrol in Surat will become operational by November, Ashish Doshi, director of Gujarat Agro Infrastructure Mega Food Park Private Ltd, said on Wednesday. The Goods and Services Tax (GST) will prove to be a death knell for small players in the food-processing sector, warned Subodh Jindal, the president of All India Food Processors Association (AIFPA). "Small players cannot compete with large MNCs in production of grain flours because of economies of scale. Large players can procure raw materials at lower cost. The large companies take such services on a routine basis..