This is NOT a ‘China’ vs India’ issue, it is normal “ business practice”
The one building the stuff THAT MEANS CUSTOMER CREDIT
You normally pay a retainer to get the work started and then you pay sequentially on “part credits completion “ of orders.
If you buy from china (import) you normally have to pay THE FULL AMOUNT before shipping and that is ‘ small stuff’ compared to thousand buses….really “not on the shelf stuff”
How trade is financed is a VERY LARGE PARTof an order, not just “ I pay it when I get it’
The one building the stuff THAT MEANS CUSTOMER CREDIT
You normally pay a retainer to get the work started and then you pay sequentially on “part credits completion “ of orders.
If you buy from china (import) you normally have to pay THE FULL AMOUNT before shipping and that is ‘ small stuff’ compared to thousand buses….really “not on the shelf stuff”
How trade is financed is a VERY LARGE PARTof an order, not just “ I pay it when I get it’