<p>Vishal Retail Group President Ambeek Khemka said that besides granting industry status to the sector, the government should allow FDI into multi-brand retailing and announce some special sops for the sector.<br /><br />Further, he also said the central service tax should be abolished as it is having a negative impact on the sector’s profitability.<br /><br />Future Group CEO Kishore Biyani said, however, that the industry was not expecting any big packages or tax concessions from the budget but wanted the government to provide a big boost in consumption. <br /><br />“We believe increasing consumption should be a priority for the government rather than focusing just on investments,” Biyani said.</p>
<p>Vishal Retail Group President Ambeek Khemka said that besides granting industry status to the sector, the government should allow FDI into multi-brand retailing and announce some special sops for the sector.<br /><br />Further, he also said the central service tax should be abolished as it is having a negative impact on the sector’s profitability.<br /><br />Future Group CEO Kishore Biyani said, however, that the industry was not expecting any big packages or tax concessions from the budget but wanted the government to provide a big boost in consumption. <br /><br />“We believe increasing consumption should be a priority for the government rather than focusing just on investments,” Biyani said.</p>