Payment delays for pharma MSMEs are a significant problem
eMediWrite
AUGUST 30, 2023
To ensure prompt payments to MSMEs, strict implementation of current legislation is required, such as the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006. Setting up specialized arbitration centers or online platforms can provide pharma MSMEs with accessible and affordable ways to seek a settlement and reclaim their dues.
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