I am a director of a beverage company having my operations in India. For the supply of bottle caps for our beverage, we deal with an Indian company who specially manufactures caps for us. However, we have to purchase the machinery for that company to manufacture bottle caps.
In short, we have bought Machinery for an Indian company, those are our assets. However, it seems that the machinery never leave the company and thus causing problems to that Indian company with their bankers and governmental authorities. The reason being there is no consequent export of goods when the money is received by them.
This must be affecting some other companies too... Is there any for the Indian company to resolve this problem?
P.S Explaining to the bank/government body didnt work...
Jan. 03, 2018