Adidas calls for stable import duty rates in India
New Delhi, Sep 18 () German sportswear and accessories major Adidas Tuesday sought stable import duty rates in India, saying it would help in having "more faith in the market" as frequent changes in tariff hamper future investment planning. "Import duties go up with no notice and you are charged retrospectively and immediately, or back three months. (It is) very had to do business that way because we plan for investment for future," Adidas India MD Dave Thomas told . Thomas further said,"I think stability on that front would help us to have more faith in the market so that we can invest and be clear on what the future holds for certain degree. That would be helpful". "We want to bring our best products in and that usually are imported range...India deserves a full story and deserves the best we can bring," he said. When asked about the company's market expansion in India, he said the drive is on to tap offline to online formats.
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