Sunday, January 20, 2019 | ePaper

Enhancing roles of SMEs to develop BD's economy stressed

  • Print
Economic Reporter :
Speakers at a seminar on Thursday underscored the need for enhancing the contributions of the Small and Medium Enterprises (SMEs) to advance the country like Japan.
The speakers came up with the observation at the International Cooperation Organisation for Small and Medium Enterprises in Asia (ICOSA) seminar on "The Role of SMEs in the National Economy-the Case of Japan and How Bangladesh should go ahead" at the Banani Club in the city.
The Japan Bangladesh Chamber of Commerce and Industry (JBCCI), Bangladesh Aots Alumni Society (BAAS) and Chattogram Aots Alumni Society (CAAS) jointly organised the seminar.
Economist Professor Dr Wahiduddin Mahmud attended the seminar as the chief guest while ICOSA President Professor Dr Kurose Naohiro delivered the key note paper.
Chittagong University Professor Dr Mohammad Saleh Jahur, Former Secretary Dr Muhammad Abdul Mazid, and JBCCI Member Secretary Dr AKM Moazzem Hussain were, among others, present on the occasion.
In Japan, Kurose Naohiro said, SMEs account for 99.70 percent of enterprises or 3.8 million companies, including 4,10,000 manufacturing companies and those who work there share 70.10 percent of employed workers or 33.61 million for non-primary industry.
"SMEs are contributing as a place of labor for many people in any era, but in addition to that, SMEs play a different role for the national economy in each era than large enterprises," he added.
Abdul Mazid said SMEs are the backbone of the national economy and it is also vital for sustainable and viable economic development of the country.
The government should take more initiatives, including credit facilities and tax incentives, for further development of the sector, he added.
Saleh Jahur said the development of SMEs in Bangladesh like other developing economies depends on four important factors- macroeconomic aspect, business environment, growth opportunities and historical determinants.
Despite continuous endeavor on the part of government and its agent to develop SMEs in Bangladesh, SMEs face problems and challenges in all four aspects specifically market and networking, technology, finance, poor infrastructure and policy support of government, and entrepreneurial professional and managerial credibility, he added.
He urged the authorities concerned to take necessary steps to overcome the challenges and increase the roles of SMEs in the country's national economy.

More News For this Category

Jhatpot offers healthy food at DITF

Business Desk :Getting healthy food is always a matter of concern for the visitors at Dhaka International Trade Fair-DITF. But this year, visitors need not to worry about food.

Walton holds IPO Road Show

Business Desk :Walton Hi-Tech Industries Limited (WHIL), a sister concern of the country's electronics giant Walton Group, has organized a Road Show for eligible investors to raise a fund

US demands regular review of China trade reform

US demands regular review of China trade reform

Reuters, Beijing/Washington :The United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, presiding over a 2-days long Annual Business Conference at a hotel in the city on Friday. Abdul Aziz, AMD, Md. Mustafa Khair, Md. Zahurul Haque, DMDs and other senior executives of the Bank were also present.

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, presiding over a 2-days long Annual Business Conference at a hotel in the city on Friday. Abdul Aziz, AMD, Md. Mustafa Khair, Md. Zahurul Haque, DMDs and other senior executives of the Bank were also present.

.

Captain (Retd.) Abdus Sabur Khan, Chairman of Opso Saline Limited, presiding over its AGM-2019 at Krishibid Institution Bangladesh (KIB) in the city on Thursday. Abdur Rouf Khan, Vice-Chairman, Abdur Rakib Khan, Managing Director, Md. Abdul Momen Talukdar, General Manager (Sales & Marketing), Kazi Monir Ahmed, National Sales Manager and other high officials of the company were also present.

Captain (Retd.) Abdus Sabur Khan, Chairman of Opso Saline Limited, presiding over its AGM-2019 at Krishibid Institution Bangladesh (KIB) in the city on Thursday. Abdur Rouf Khan, Vice-Chairman, Abdur Rakib Khan, Managing Director, Md. Abdul Momen Talukdar, General Manager (Sales & Marketing), Kazi Monir Ahmed, National Sales Manager and other high officials of the company were also present.

.

A month into US govt shutdown, the economy blinks first

AFP, Washington :After four weeks, the partial shutdown of the US government has begun to rattle the world's largest economy, particularly hitting consumer sentiment, a mainstay of growth.  A

Honda launches new bikes in Bangladesh

Business Desk :Bangladesh Honda Private Limited (BHL) on Friday launched two new models of motorcycle for the country's market at a ceremony in the city.The company's managing director and

Uniform development to be ensured in the country: Tipu

BSS, Rangpur :Commerce Minister Tipu Munshi, MP, has said the present government will ensure uniform development of all regions in the country, including backward Rangpur region, in a planned

Rahel Ahmed, Managing Director of Prime Bank Limited, poses for a photograph with the participants of a two days long 'Orientation Program' for the newly recruited Management Trainee (MT) at a city hotel recently. Various divisional leaders along with the DMDs and other senior officials from HR and TDC of the Bank were also present.

Rahel Ahmed, Managing Director of Prime Bank Limited, poses for a photograph with the participants of a two days long 'Orientation Program' for the newly recruited Management Trainee (MT) at a city hotel recently. Various divisional leaders along with the DMDs and other senior officials from HR and TDC of the Bank were also present.

.

Rupee slips 21 paise to 71.24 vs $ in early trade

PTI, Mumbai :The rupee Friday depreciated 21 paise to 71.24 in early trade in the forex market amid strengthening American currency and rising crude prices.Forex traders said strengthening of