Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: due date for vat payment :: empanelment :: ACCOUNTING STANDARDS :: cpt :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: list of goods taxed at 4% :: VAT RATES
 
 
Service Tax »
 A 5-Point Guide For Buyers To Understand The Effect Of GST On Real Estate
 Stalled unsorted diamond imports to resume after GST rate revision
 TDS, TCS deductors can apply for GST registration from 18 September
 E-commerce companies face tax heat as I-T department says discounts should be treated as capital spend
 Central Goods and Services Tax (Sixth Amendment) Rules, 2017
 GST will also impact direct tax collection
 Seeks to extend time period for filing of details in FORM GSTR-6 for months of July & August
 GST: Is input tax credit available for tax paid on mobiles given to staff?
 GST filing, reconciliation solution launched
  Finance Ministry asks taxmen to submit note on high-pitched assessments
 Step by Step Guide for GST Enrolment for existing Central Excise / Service Tax Assessees

With GST, India will be an important market for us
August, 28th 2014

Where does India fit in your `Strategy 2020'?

India is a very important market for us. It is not because it is so huge, but because certain reforms will happen in India sooner or later. Then it becomes a fantastic market. There is such a huge population, which wants to become middle class. If infrastructure gets better and if Goods and Services Tax (GST) reform comes, we see India as a very important market. When will it hit is the question. But we will invest anyway because in 10-20 years. India will be an important market for the world.

What kind of reforms are you looking at from the Indian government?

One is definitely this GST element. Then, there is still too much bureaucracy and administration around the borders. These are these two things, where I see an opportunity. I think the new government has looked at it and will definitely do something about it.

Deutsche Post was privatised in early 1990s. People have been talking about something similar for India Post. From your experience what are the things India Post should be doing?

What Germany did was make a private company out of a state-owned enterprise, which would still be owned by the state. However, you give the company the freedom to pay salaries, which is necessary to find talent and manage such a large oper ation. You need certain skills that come with a price ticket.

Deutsche Post made more money under my predecessor after privatisation than it did under the chancellor when it was a state-run enterprise. Freedom was given to sell real estate that was owned by us, to change the business model by having our own retail outlets for postal services to franchise systems. All that was possible after the reforms Germany did. They said the state-owned enterprise should be run like a private company.

If you do that you can be quite successful.There is a significant trust in the (Deutsche) Post than some unknown company. We had a lot of trust from the population but we were not efficient.

The government installed a system which gave us the opportunity to do that right business reforms. That is the reason why we turn around the German business and created a base for us to become the largest logistics company in the world through acquisitions.

What would have happened if Germany had not taken the tough decision to privatise Deutsche Post?

The company would have still been a stateowned enterprise and not a global operation. Instead of waiting for it to be profitable, the first step is to give freedom to manoeuvre like any private company and then protect it. We had protection for first 15 years for mail monopoly. You have to give them headroom to manoeuvre and also protection until it is competitive. The aviation authorities will not allow drones flying all over the place. We might implement relatively soon some niche applications for customers. We will tell the market more when we have a solution. I don't want to make competitors aware of what we are thinking.

Are you looking at any acquisitions in India? Have you put aside any money for acquisitions from the $100 million that you plan to invest in India in two years?

It is all organic capital expenditure and investment. It can be easily more, our business is growing rapidly. We are following customers. If we are more successful, we invest more. We are not doing major investments in car plants or hi-tech plants. We create jobs. We already have 20,000 employees in India. Our work is labour intensive.

Therefore, we create less capex and more jobs. We will possibly do some acquisitions in the future but we never talk about countries. I would not comment on that.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions