India: MSME has big chance to grow under new GOI law for Procurement by bulk purchasers

30 Dec 2018: The Law enacted by the Government of India to expedite payment to micro, small and medium enterprises (MSME) by bulk purchasers seems to have little impact on the fortunes of the micro and small enterprises as there is very little awareness among entrepreneurs in Karnataka. MSME tends to be ancillary units to the medium and large industrial units and supply components that are outsourced from them. They tend to be bogged down by the delayed payments that in turn..