GST will lead to considerable increase in GDP in next 6 months: Adi Godrej
The Dollar Business Bureau Noted industrialist and Chairman of the Godrej Group Adi Godrej said on Wednesday that the Goods and Services Tax (GST) will lead to significant growth in the gross domestic product (GDP) in the coming six months, while acknowledging that there are some specific teething issues under the new indirect tax regime. “This (GST) could add tremendously to our GDP growth. There are some teething problems here and there, I think they are being resolved. The government is taking a very refreshing approach to the GST introduction. I think it would be a great success and in the next six months or so, our GDP growth rate will rise quite considerably,” Godrej said at an event organised by the ...
"With political and economic uncertainties in the world, India and Bangladesh are the best options", State Min-Foreign Affairs Bangladesh
Sairaj Iyer Two important economies of South-East Asia - Bangladesh and India’s growth in the past decade provide ample evidence that they are the face of development in a dull-trade-market mired with terrorism, negative growth, and political & economic uncertainty. “With political and economic uncertainties (in the world) India and Bangladesh are the best options,” Md. Shahriar Alam, State Minister- Foreign Affairs, Government of Bangladesh said at the inaugural dialogue of the Second Gateway of India Geoeconomic Dialogue in Mumbai. The minister’s tete-a-tete, with MJ Akbar, Minister of State for External Affairs, Government of India, showed the bonhomie the two countries shared by benefitting mutually from their partnership and free trade. Despite uncertainties, the South East Asian markets are maintaining a steady growth. ...
Godrej group on the lookout for acquisitions
PTI The Godrej group, with three companies in its fold, is looking for acquisitions in developing countries of Asia, Africa and South America. "We are giving a strong emphasis on inorganic growth. We are also looking to acquire businesses in the developing countries of Asia, Africa and South America," Chairman of Godrej group Adi Godrej said. He said the group had already acquired some businesses in the past few years, adding that organic growth had suppressed of late. Spelling out the group's vision of ten times growth in ten years, he said the acquisitions would be mainly in the personal and household care segments. "There is no budget fixed for acquisitions. We hope to fix the deals this financial year," Godrej told ...
Godrej to amalgamate two overseas arms with itself
The Dollar Business Bureau In order to streamline its group structure, FMCG major Godrej Consumer Product Ltd (GCPL) on Friday said that it would merge its two fully-owned holding companies abroad with itself. Godrej Consumer Products US Holding Ltd (GCPUSHL) and Godrej Consumer Products Mauritius Ltd (GCPML) would be amalgamated with the GCPL. “Both the transferor companies are wholly-owned subsidiaries of GCPL. As per the scheme, GCPML and GCPUSHL will be amalgamated into GCPL,” the company said in a filing to Bombay Stock Exchange. However, the process will be subject to required statutory approval from the authorities in India and Mauritius, it added. The company further said that as both the firms are fully-owned arms of GCPL and are related ...
