Chief Economic Advisor V. Anantha Nageswaran urges large enterprises to ensure timely payments to MSMEs and help them access formal credit, as empirical evidence shows MSMEs currently fund large enterprises despite having higher capital costs; this reversal of working capital flow, combined with prompt invoice acceptance and better credit access, will strengthen small businesses, improve innovation, support scaling, and help MSMEs integrate into global value chains.
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CEA Nageswaran Urges Large Firms To Ensure Timely Payments To MSMEs, Ease Working Capital Stress追加:
Larger enterprises in the country have to pledge to contribute to relieving the working capital requirements of micro and small enterprises. In general, empirical evidence around the country shows that micro, small, and medium enterprises are the source of working capital for large enterprises. It should be the reverse.
And because these enterprises have a much higher cost of capital, so large enterprises to depend on them for working capital. And most of you here know what I'm talking about. I think so starting with acceptance of invoices, payment on time, and helping them also source financial resources through formal banking system and other systems, etc. Is a very big contribution that large enterprises around the country can do so that these enterprises provide them the feeder in terms of know-how, in terms of technological integration and assimilation, and in the process create a successful positive bandwagon effect in terms of integration into global value chains. I hope If you like the video, do [music] like, comment, share, and subscribe.
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