Friday, 9 June 2017

Sensex recoups losses, Nifty reclaims 9650; Bank index at record high

Future Retail is looking at opening new distribution centres to ensure that products reach its stores faster and help save on costs through greater efficiency in view of the implementation of Goods and Services Tax from July 1.

GST addresses issues of inefficiency, wastage and delays in supply chain, Future Retail Joint Managing Director Rakesh Biyani told PTI.

"With the free movement of goods, no tax credit loss, we can plot at distribution centres as to where the consumption is and where we intend to build more stores so that we can bring in an efficient supply chain," he said on the sidelines of CII-India Retail Conclave 2017.

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