Govt Late Pay­ment irks Mumbai Traders

The DQWeek (Mumbai) - - FRONT PAGE - JYOTI BHA­GAT Mumbai

The elec­tron­ics in­dus­try’s big­gest con­cern re­gard­ing busi­ness is the slow­down in cash flow and the late pay­ments. This hap­pened be­cause of de­mon­e­ti­za­tion held last year which shrunk the PC mar­ket growth down. So the trader bod­ies want the con­cern from gov­ern­ment on this is­sue. In fact the sce­nario is, IT Part­ners are not even get­ting pay­ment on time from gov­ern­ment sec­tor as well.

“Not only the pri­vate cus­tomers, gov­ern­ment client also de­lays in pay­ment and this is the ma­jor prob­lem in the IT in­dus­try es­pe­cially in Ma­ha­rash­tra. We are not get­ting the rea­son be­hind late pay­ment. It’s all not new things in mar­ket. Ev­ery time the same thing is re­peated” said Anil Udasi, Grow­more Com­puter Ser­vices.

Jayesh Bo­radiya of Jan­i­tor Data says, “Our next gen­er­a­tion are not agree- ing to step into the mar­ket Be­cause they are watch­ing how we are sur­viv­ing in the busi­ness with­out cash flow. De­lay in pay­ment is the ma­jor con­cern now. The pay­ment should be sub­mit­ted within 45 days But there is no de­part­ment for such com­plaints against gov­ern­ment clients.”

“The SMEs are not flour­ish­ing be­cause of the strin­gent poli­cies of gov­ern­ment. Even if we com­plain against the gov­ern­ment of­fi­cers the ac­tion is not taken.” Jayesh adds.

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