AIPMA has asked details of units facing difficulties latest by 11th June.
All India Plastics Manufacturers Association (AIPMA) has sought details of units who are facing difficulties in obtaining funds from banks. The Association has asked for details for their reference and further discussion with the Ministry of MSME, Ministry of Finance and Department of Chemicals and Petrochemicals.
“In our meetings with various Ministries in Government of India, a point that was raised by many members has been regarding slow pace of liquidity flow to companies from the banking sector. Given the situation at hand and the need for funds by the industry members to restart operations and sustain the same over the coming months, Government is willing to look at more measures that can be taken to improve the comfort level of manufacturing industries and to enable banks to lend expeditiously,” AIPMA said in a statement.
The above information sought is only to apprise Government of the ground level difficulties faced by industry members. Interest people can send the information latest by 11th June 2020,” said Deepak Ballani, Director General, AIPMA.
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