Good news for Parle G lovers: Bigger and better packs on the way!

New Delhi (Uttam Hindu News) - Following the implementation of GST reforms, new packets of products from Parle, the country's leading fast-moving consumer goods (FMCG) company, with lower MRP and higher weight, will be available in the market by December, according to the company's Vice President Mayank Shah.

Shah said that it hasn't been easy for FMCG companies to adjust prices after the GST reform. There's been some confusion regarding package size, weight, and pricing after the tax reduction. This has been discussed in detail, and it typically takes FMCG companies about one and a half to two months to adjust their product packages.

Elaborating on the timeline for the new packages, he said that the MRPs of larger and higher-priced packages will be reduced in the first phase. This will be followed by changes to smaller packages with lower MRPs, which account for approximately 60-70 percent of the market. These will gradually become visible to consumers starting in late November or early December.

Discussing products with lower MRPs, Shah said that a ₹5 packet could cost ₹4.5, and a ₹10 packet could cost ₹9. The new GST reforms came into effect on September 22nd. Under these reforms, the government significantly reduced taxes on everything from daily consumption items to vehicles. Earlier this month, NK Singh, chairman of the 15th Finance Commission and economist, said that the GST reforms have provided significant relief to ordinary citizens, increasing purchasing power and facilitating ease of doing business.

Singh said, "The impact of the GST reform is beginning to be felt. It has increased purchasing power and provided relief to the common man. It has also significantly improved the business and investment environment and promoted ease of doing business." He added, "The country has a large, untapped market that offers significant opportunities for private investment and public-private partnerships."