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Expect government would simplify the foodservice industry's regulatory governance - Mr. D.R.E Reddy, CRCL LLP.

“We hope that the government takes a comprehensive view of the sector and, as part of the farm reforms, reinstates the input tax credit for food sales, which will assist to streamline the entire agriculture commodities supply chain. In addition, we hope that the industry will receive the necessary support as it is one of the main employers of semi-skilled and unskilled labor. Furthermore, given the food sector's huge ability to produce employment and contribute to GDP growth, favorable policies will go a long way towards stabilizing the economy and injecting cash into the system. We expect that the government would now simplify the foodservice industry's regulatory governance so that it becomes more appealing for participants to be compliant and follow established safety measures, especially in the post-pandemic times.”

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