shopping could take retail to new highs with the likely drop in prices of products like apparel electronics and edible oil following customs and excise duty reductions also as says raghu pillai president rpg retail said the announcements on personal it are good news for retail b s nagesh ceo shoppers stop says the reduction in customs duties will make importing merchandise more attractive the fms proposal to provide a subsidy to encourage large investments in agricultural markets marketing infrastructure and support services will help grocery retailers as also end consumers however kishore biyani md of pantaloon retail feels that the rs 72 crore allocated for this subsidy scheme is too low to make the required difference