Piruz Khambatta | If I were FM1 min read . Updated: 07 Jul 2014, 08:00 PM IST
Taxes need to be low in the FMCG and retail industries, says Khambatta
Piruz Khambatta, chairman and managing director, Rasna Pvt Ltd:
Our Prime Minister was the chief minister of Gujarat and brought back the confidence of the community—the business community invested in Gujarat, the foreign community invested in Gujarat. And the biggest thing we need to do this budget is get people to invest.
Companies that have stopped investing in India should invest, new companies should invest. We should get growth back, we should get employment back and ensure that licence raj, complicated taxes should all go. In our industry—FMCG and retail—we need taxes to be low, as the aam aadmi consumes soap packets for ₹ 5 and ₹ 2, and we are no longer a luxury industry.