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Hyderabad: Outstanding dues reach Rs 10.7L Cr, FTCCI president Ravi Kumar flags critical impact on MSMEs
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Hyderabad: Federation of Telangana Chambers of Commerce and Industry (FTCCI) president R. Ravi Kumar highlighted the critical impact of delayed payments on micro, small, and medium enterprises.
Citing the Global Alliance for Mass Entrepreneurship (GAME), he said the total delayed payments in 2024 reached a staggering Rs 10.7 lakh crore, with nearly 80% linked to micro and small enterprises.
“Delayed payments choke MSMEs’ growth, innovation, and job creation.
FTCCI workshop focuses on Recovery MechanismsThe FTCCI organised a day-long workshop on “Recovery of Delayed Payments to MSMEs” at Federation House, Red Hills.
FTCCI reaffirms commitment to MSMEsKK Maheshwari, Senior Vice President, FTCCI, reaffirmed the Federation’s commitment to assisting MSMEs in resolving delayed payments and strengthening their growth prospects.