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Consumer Firms Extend Credit Period For Cash-Starved Distributors
Consumer goods makers have begun to accept delayed payments from distributors as Indians defer spending on everyday items.
05 Nov 2019, 08:55 PM IST
Consumer goods makers have begun to accept delayed payments from distributors struggling with a cash crunch amid falling demand.The companies are willing to accept payments with a delay of up to five-15 days, especially at the month-end or on the last bill of the quarter, the distributors told BloombergQuint on the condition of anonymity out of business concerns. The trend intensified as consumption slowed in urban and rural areas.Hi...
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