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More than USD 200 million invested by PE Firms/Wealth funds
The impact of GST on retail sector will be extremely constructive from both taxation and operations point of view.
Archies deployed PAYBACK solutions to expand its gifting category.
For big retailers, the entire processes will be largely driven through automation and in the longer run will bring more transparency.
In an exclusive conversation Yogeshwar Sharma, Executive Director at Select CITYWALK also shed light on upcoming GST.
As per CRISIL revenue growth of the organized B&M retail sector is expected to improve to 14-16% annually in the next two fiscals compared with 13% compounded annual growth rate seen between fiscals 2015 and 2017.
Digital Payment was yet another topic that was touched at IReC 2017. The digital payments is one the emerging verticals in the country, and is expected to touch USD 500 billion by 2020.
Start-up retailer like 99 Retail Solutions has been leveraged from new age technological solutions from leading solution provider IBM.