Nitin Gadkari asks India Inc to clear MSME dues
NEW DELHI: Union minister Nitin Gadkari has asked the industry to release payments due to micro, small and medium enterprises (MSMEs) in the country.
“This will help bring liquidity,” Gadkari told senior members of FICCI via video conferencing. “MSMEs should be protected through this economic crisis.”
The National Highways Authority of India is also working on fast-tracking arbitration cases, which will help inject liquidity into the market, said Gadkari, who is the minister for road transport and highways and MSMEs.
“The ministry has a definitive plan to clear all legitimate claims more or less within three months,” Gadkari was quoted as saying in a government statement issued on Tuesday.
