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Medicine suppliers demand 40% advance payment

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The medicine suppliers have informed the Health Ministry that an advance payment of 40 percent is required to supply medicines.

Many suppliers have refused to import medicines under the Indian credit line assistance due to the ministry’s proposal to settle the arrears from Treasury Bills.

The suppliers have refused to accept such arrears.

Although the orders have been accepted, the suppliers have decided not to supply medicinal drugs until the advance payment is received.

Payments of about Rs.50,000 million for the medicines provided have been defaulted for about one and a half years. Therefore, the suppliers said that they can no longer trust the Ministry.

Though Health Minister Keheliya Rambukwella says medicinal drugs will be received by March, the suppliers said it will be decided based on the advance payment.

Source – Aruna

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