Jonesboro, AR -- (SBWIRE) -- 03/09/2015 -- Hytrol Conveyor Company, Inc., and integration partner, Bastian Solutions, are poised to capture significant material handling market share in India. Hytrol Conveyor recently shared the importance of the Indian market in an industry whitepaper. Due to the very strong bond Hytrol maintains integration partner, Bastian Solutions a strong sales forecast is projected for 2015.
SPS Chauhan, Director of Asia Pacific for Bastian Solutions India noted, "In terms of warehousing and distribution centers, the new GST (Goods and Services Tax) is a boon. Finally India will be looking to 100,000 – 300,000+ square foot warehouses that will be equipped with the latest material handling systems. Already, we are seeing that many forward looking companies are redesigning their DC Structure in view of this GST coming by 2016. This will be a great tool for these companies to increase market penetration and gather additional market share, while at the same time reducing their logistics cost."
GST will be levied on both goods and services, replacing most indirect taxes with a single tax. It has a dual structure — a Central component levied and collected by the Centre and a state component levied by states. While at the Central level (CGST), GST will subsume Central excise duty, service tax and additional customs duties; at the state level (SGST), it will include value-added tax, entertainment tax, luxury tax, lottery taxes and electricity duty. GST will be charged on each stage of value addition.
To read the entire paper, go to: http://bit.ly/1ADu3zx
About Hytrol Conveyor Company, Inc.
Hytrol Conveyor Co., Inc. (http://www.hytrol.com) designs and manufactures advanced conveyor systems, controls, and solutions for customers with processing, manufacturing, warehousing, and distribution needs. For over 65 years, Hytrol has demonstrated an unwavering dedication to understanding the unique material handling needs of businesses. Hytrol is focused on creating innovative, customized conveyor solutions that help companies achieve their goals.
Hytrol's consistent growth is strengthened by its Integration Partner Network, with over 100 locations worldwide. Hytrol's Technology Center is the birthplace for many industry-changing solutions, such as EZLogic® accumulation conveyors and the E24™, an energy efficient, motor driven roller conveyor series. These technologies are complemented by Hytrol's sortation offerings, the ProSort 400 Elite series high speed shoe sorter, as well as the ProSort MRT series narrow belt sorter.
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Hytrol Conveyor Co., Inc.
Director of Communications