With budget 2012-13 tabled in parliament , Indian bakery industry would have impact on cost which would be passed on to the consumers with increase in prices, smaller bakeries would struggle to survive due rise in cost of raw material , transportation etc .Items such as bread , biscuit , cakes , cookies , rusk makes the majority of baked items in India .
Following has been the main factors impacting bakery industry
Positive
Income tax relief to income upto 2.0 lakh for the middle class .
Provision and funds for agriculture schemes and rural schemes an increase of 18 % in plan layout.
Incentives for food parks,warehousing and storage would help in supply chain
Negatives
Hike in excise duty by 1% and 2%
Hike in railway freight charges
Hike in service tax by 2%
No concession on diesel and petrol prices
we would add more info on the impact of budget on bakery industry . keep visiting !
Following has been the main factors impacting bakery industry
Positive
Income tax relief to income upto 2.0 lakh for the middle class .
Provision and funds for agriculture schemes and rural schemes an increase of 18 % in plan layout.
Incentives for food parks,warehousing and storage would help in supply chain
Negatives
Hike in excise duty by 1% and 2%
Hike in railway freight charges
Hike in service tax by 2%
No concession on diesel and petrol prices
we would add more info on the impact of budget on bakery industry . keep visiting !
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