Friday, December 14, 2018 | ePaper

Sectoral constraints for export competitiveness stressed at SME development meeting

  • Print


Muhammed Abdullah, Secretary of Ministry of Industries, presiding over the 5th SME Development Working Committee (SMEDWC) meeting at his office in the city on Thursday. Representatives from different ministries, trade bodies and others were also present.

Business Desk :
The 5th SME Development Working Committee (SMEDWC) Meeting of BUILD took place at the conference room of the Ministry of Industries (MoI) on Thursday. Chaired by Muhammed Abdullah, Secretary of Ministry of Industries, the meeting discussed SME issues and policy simplification, including regulatory barriers with a view to make the SMEs of leather, plastics and technology competitive for doing business.
BUILD CEO Ferdaus Ara Begum presented four papers based on research pointing to the SMEs for which MoI is the parent ministry to administer. The studies included Export Competitiveness of Leather Footwear Industry in Bangladesh, Access to Technology for SME Women Entrepreneurs, Quality and Compliance Issues of Plastic Sector in Bangladesh and Simplification of Ownership Transfership of BSCIC Industrial Plots.
A comprehensive policy for the Leather, Footwear and Leather Goods Sector in consultation with the concerned associations & experts aligning with the objectives and goals announced through the Leather Sector Export Roadmap by Ministry of Commerce (MOC) was proposed by BUILD.
Industries Ministry Secretary appreciated the works BUILD has been doing for SME development and he emphasized the real needs of reforms for several issues for SMEs Women Entrepreneurs and he said the present government is highly interested to promote the sector.
He also expressed his interest to make financing for SMEs simple and collateral guidelines for the entrepreneur up to 25 lakh for them. Referring to the presentation on Quality & Compliance Issues of Plastic he informed that a standard weight and measurement act 2018 has been finalized by BSTI and will be submitted to the Parliament which includes IP and ICT issues taking care of the present need of entrepreneurs. He also said that a meeting on law and policy reform is going to be held soon. BUILD has got lot of areas to work for supporting in this area. Finally, he requested to send the resolution of the meeting for active consideration from the Ministry of Industries.
Hosna Ferdous Sumi, Private Sector Specialist, World Bank Group said that if the solid waste can be managed / recycled properly it can become a value addition. It will help to serve the need for environmental management which has got a huge social and environmental impact. BSCIC is in charge of management of maintenance ETP in the TED. Their tasks need to be activated. She offered support from IFC for an independent CETP.
Mustak Hassan Md. Iftekhar, Chairman of BSCIC agreed to the need of updating the BSCIC Gazette no. IE/BSCIC/156/79 circulated in 1988 on transfer of ownership of land. He informed that BSCIC has been working for updating it. He added by saying that two (02) Leather Estates are also in the process which will be able to meet the scarcity of land.

More News For this Category

S M Amzad Hossain, Chairman of South Bangla Agriculture & Commerce (SBAC) Bank Limited, inaugurating its 72nd branch in Cumilla on Monday. Md. Golam Faruque, CEO, AZM Shofiuddin (Shamim), Director of the Bank and local elites were also present.

S M Amzad Hossain, Chairman of South Bangla Agriculture & Commerce (SBAC) Bank Limited, inaugurating its 72nd branch in Cumilla on Monday. Md. Golam Faruque, CEO, AZM Shofiuddin (Shamim), Director of the Bank and local elites were also present.

.

Tokyo shares end higher on hopes for US-China trade ties

AFP, Tokyo :Tokyo stocks ended higher on Thursday as worries over a US-China trade war receded.The benchmark Nikkei 225 index added 0.99 percent, or 213.44 points, at 21,816.19, while

European stocks open higher after May wins vote

AFP, London :European stocks rose Thursday at the open on investor relief after British Prime Minister Theresa May won a no-confidence vote.Investors were meanwhile awaiting the latest interest rate

Oil producers to review cuts impact in April: UAE

AFP, Dubai :Oil producers who agreed last week to trim production to boost prices will meet in April to review the impact and sign a long-term pact, the UAE

Asian markets build on trade optimism, pound faces pressure

AFP, Hong Kong :Asian markets enjoyed more gains Thursday as investors are cheered by the more conciliatory noises from China  and the US on trade, while uncertainty over Brexit

Mohammed Abdul Aziz, Vice-Chairman of Standard Bank Limited, inaugurating its 128th branch at Sultanpur in Brahmanbaria recently. Mamun-Ur-Rashid, Managing Director, Ferozur Rahman, EC Chairman, Kamal Mostafa Chowdhury, SAM Hossain, Mohammed Shamsul Alam, Gulzar Ahmed, Md. Zahedul Hoque and Md. Nazmus Salehin, Directors of the Bank were also present.

Mohammed Abdul Aziz, Vice-Chairman of Standard Bank Limited, inaugurating its 128th branch at Sultanpur in Brahmanbaria recently. Mamun-Ur-Rashid, Managing Director, Ferozur Rahman, EC Chairman, Kamal Mostafa Chowdhury, SAM Hossain, Mohammed Shamsul Alam, Gulzar Ahmed, Md. Zahedul Hoque and Md. Nazmus Salehin, Directors of the Bank were also present.

.

In presence of Khwaja Shahriar, Managing Director, Dalawar Kawsar, Khurshed Alam, Head of Retail Finance of LankaBangla Limited and Md. Jafar Sadeque Chowdhury, Chief Distribution Officer of MetLife Bangladesh LankaBangla Finance Limited (LBFL), exchanging a MoU recently signing document at LBFL head office in the city recently. Under the deal, LBF customers will get insurance coverage against their personal loan. Senior officials from both the organizations were also present.

In presence of Khwaja Shahriar, Managing Director, Dalawar Kawsar, Khurshed Alam, Head of Retail Finance of LankaBangla Limited and Md. Jafar Sadeque Chowdhury, Chief Distribution Officer of MetLife Bangladesh LankaBangla Finance Limited (LBFL), exchanging a MoU recently signing document at LBFL head office in the city recently. Under the deal, LBF customers will get insurance coverage against their personal loan. Senior officials from both the organizations were also present.

.

Jibika project lifts 20,000 out of extreme poverty

Business Desk :The Jibika project, a joint initiative of BRAC and US-based Oil giant Chevron Bangladesh, has helped lift 20,000 marginalised and vulnerable people out of extreme poverty in

Increasing productivity in state-owned industries stressed

Economic Reporter :Speakers at a discussion on Thursday underscored the need for working together demonstrating eagerness and skill to increase productively in the state-owned industries.They made the call while

WB to provide $250m to Bangladesh to create quality jobs

Business Desk :The World Bank (WB) has approved a US$ 250 million development policy operation to help Bangladesh strengthen its capacity to create more, better-paid and quality jobs in