11 months ago
GST Rationalisation to Boost Consumption, Says Sanmar Group
The Sanmar Group Chairman, Vijay Sankar, believes that recent changes like GST rationalisation and income-tax rate cuts will help people spend more money.
He spoke at a meeting where he also talked about how important it is for India to invest in research and development, like China does.
Another speaker, TRB Rajaa, emphasized how working together between industry leaders and the government has helped Tamil Nadu grow.
Also, the HCC unveiled a new digital portal to help businesses grow.
Vijay Sankar stated GST rationalisation will improve consumption.
Sankar highlighted India's need to increase R&D investment.
TRB Rajaa emphasized the importance of industry-government collaboration.
Ramesh Dugar elected as the 80th President of HCC for 2025-26.
HCC unveiled a digital portal to support business growth.
- Who
- Vijay Sankar and TRB Rajaa
- What
- Discussed GST rationalisation, R&D investment, and Tamil Nadu's growth.
- Where
- Hindustan Chamber of Commerce
- When
- September 29, 2025
- Why
- To discuss economic growth and policy impacts.
Key facts
- Key Figure
- Vijay Sankar, Chairman, The Sanmar Group
- Event
- 79th Annual Session of Hindustan Chamber of Commerce (HCC)
- Location
- Hindustan Chamber of Commerce
- R&D Fund
- ₹1 lakh crore Research Development and Innovation (RDI) Fund
Quotes
Vijay Sankar
Chairman, The Sanmar Group & Vice-President, FICCI
“While the ₹1 lakh crore Research Development and Innovation (RDI) Fund announced in the Budget this year is a welcome boost, more such proactive policies and initiatives from the government are critical.”
thehindubusinessline.com
“While our competitors are struggling with an aging population and lack of skilled labour, India’s large market and effective policies such as the GST rate cuts will enable us to grow and thrive.”
thehindubusinessline.com
TRB Rajaa
Minister for Industries, Government of Tamil Nadu
“Tamil Nadu’s growth has always been driven by the effective interplay between industry leaders and policy makers.”
thehindubusinessline.com
“Our focus on inclusive and distributive growth has pushed us far and beyond other States in the country.”
thehindubusinessline.com
