Parle Clarifies No Job Losses Yet, Issue Blown Out Of Proportion
  • WebDesk BTVI
  • Aug 23 2019

Speaking with BTVI on the job losses isssue, Mayank Shah, senior category head at Parle Products, there’s a definite slowdown, but the issue of job losses has been blown out of proportion. He said the consumption of a basic Rs 5 packet has taken a hit due to high GST rate. Shah said the sales have declined by 7-8 per cent for biscuits below Rs 100 per kg, which attracts 18 per cent GST. He said low demand and high GST rate will eventually lead to production and job cuts. Here's more.