CEA Nageswaran Urges Large Firms To Ensure Timely Payments To MSMEs, Ease Working Capital Stress

Chief Economic Advisor V. Anantha Nageswaran has urged large companies to ensure timely payment of dues to MSMEs to ease their working capital stress and lower borrowing costs. Speaking at the CII Annual Business Summit, he said MSMEs often end up funding large enterprises, which should ideally be the reverse. He stressed prompt invoice acceptance and payments, along with better access to formal credit, to strengthen small businesses. Nageswaran said such reforms would improve innovation, support MSME scaling, and help their deeper integration into global value chains, creating a more efficient and balanced economic ecosystem.