- Mar 25, 2016
Infact Mr. Madhavan is probably the only idiotic CMD ever who will start production and even delivery of items to clients without even an order or payment.Infact Mr Madhavan is the only CMD that I know of who has been repeatedly lying about delivery dates, kept failing on that too and still holds such a position without a single finger being raised on him.
Don't we all want such a "no strings attached" job in life??
The dates initially quoted are estimates. It depends upon various factors. Including timely arrival of LRU from private sectors companies which many of you guys love. Or more importantly some timely payments/funding from IAF/GoI. Just 2 years back IAF had dues worth 20k crores forcing HAL to get loans to pay it's employees and it's suppliers. Do you know how long it actually takes for money from GoI to reach suppliers? Take a guess. It's 6m-1 year after delivery. Sometimes even more. Most companies have net 30 or 60 terms. Rarely net 90.
First let's ask GOI to sanction required funds exclusively and more importantly pay on time.to HAL so they can develop products in their own resources which they are doing.