Decoding the MSME and Construction Packages

The Indian MSME sector and construction industry were struggling in the pre lockdown era. There were multiple issues for MSMEs, like access to bank/NBFC credit, dumping/competition from international suppliers, delayed payment by government departments, CPSE and industry in general, labour law compliance like payment of EPF/ESIC. The construction industry was also facing issues like bank credit, depleting order book, delayed payment from government and private sector. We have seen multiple MSME and construction industry ratings being downgraded only because of non payment of their bills in due time. This has put unintended burden on MSME and construction industries.

Tags :

Related Stories

Lulu Gets Prime Land In AP Amid Protests From RTC Unions

The Andhra Pradesh government has leased prime land in Visakhapatnam and Vijayawada to Lulu International Shopping Mall Pvt Ltd for the construct...

Read More

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Great...

Read More

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems ...

Read More

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back