GST impact: Slow refunds, rising input costs paralyse Ludhiana businesses

Jaswant Singh Birdi spent more than four decades in the bicycle industry to finally become the president of the Cycle Trade Union in the industrial town of Ludhiana. But when it came to his two sons joining the business, Birdi took a contrary call. He bankrolled a fried food items shop for them. Rising and ever-fluctuating raw material costs, demonetisation and now the goods and services tax (GST) have broken the back of the bicycle industry, he says, justifying his action. Disappearing units of Miller Ganj Things have quietened drastically over the last two years in the serpentine.....

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