New policies will encourage foreign entrepreneurs to invest in India: IDSA

Admin   |   20 February, 2016   |   1085   |   3980

NEW DELHI: The Indian Direct Selling Association (IDSA), the self-regulatory industry body for the direct selling industry represented by Amway and Tupperware said on Friday that full or partial exemption in excise duty on cosmetics, nutrition and skin care products would help in encouraging foreign entrepreneurs to invest in the economy.

IDSA chairman Rajat Banerji said in a statement: "The industry recommends an increase in allocation for various rural development programmes to enhance rural income and tax slabs to boost discretionary consumption." IDSA said progressive tax reforms could help in India becoming a source of consumer goods for other countries.

The direct selling association's vice-chairman Jitendra Jagota said provision of more investments under the 'make-in-India' initiative could accelerate infrastructure for start-ups and SMEs.