Industry Leaders Commit to Passing GST Benefits to Consumers
The Ministry of Food Processing Industries (MoFPI) and the Confederation of Indian Industry (CII) hosted a roundtable with leading CEOs from the food processing sector, where industry leaders pledged to pass on GST benefits to consumers. The discussions centered on the Next-Generation GST Reforms, which simplify the tax structure to 5% and 18%, aiming to enhance affordability and stimulate demand. Minister Chirag Paswan emphasized the importance of equitable distribution of benefits across the value chain and encouraged investment in technology and innovation to boost growth in the sector. The event also announced the upcoming World Food India 2025.
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