While we all have been
boosting about the current state of the country, however, if we dwell inside
the reality, is a little different. There is a lot of business around, however
the payments come in very variably; there is no manufacturer who can actually
rely on the clients these days.
India’s manufacturing cycle
has no defined cash cycle, while the cycle runs very unevenly. There are many
manufacturers being reviewed that recorded similar payment delays that seems to
be affecting the production cycle and the lifestyle of these small business
owners. They have all talked about payments getting delayed from the client’s
end, even when the payments are long due during festivals as well.
Talking about, PM Modi’s initiative to boost this
particular sector that stakes under a fifth of the Indian economy, if compared
to a third for China being the world's biggest manufacturer. But the actuality is
completely opposite and looks quite gloomy.
MADE IN INDIA
India certainly requires manufacturing to amplify its recuperation
and generate jobs. It would be true to declare that India would be home to a millions
of workers of more than 900 million people by the year 2020, approximately a
fifth of the world's prospective workers.
No comments:
Post a Comment