Tuesday, October 27, 2020 | ePaper

Humayun for working together to sustain SME sector

  • Print
Business Desk :
Industries Minister Nurul Majid Mahmud Humayun on Thursday urged all to work together for sustaining the country's Small and Medium Enterprises (SMEs).
"As a rising economy of the South Asian region, the scenario of Bangladesh's SMEs is not different. Small and Medium Enterprises (SMEs) are facing severe trouble due to the pandemic crisis. In this situation, many SMEs have suffered tremendous set back amidst Covid-19 in terms of their production, marketing so on and so forth," he said.
The minister made the remarks while speaking as the chief guest at a Webinar titled 'The Pandemic and SMEs: Shock-absorbing policy measure and future debates - Impacts in Bangladesh and Lessons from Responses around the World', said a press release.
Small and Medium Enterprise (SME) Foundation under the Industries Ministry and the Friedrich-Ebert-Stiftung (FES) Bangladesh Office jointly organised the webinar.
Humayun said the Covid-19 has brought tragic consequences for the health and livelihood of hundreds and thousands of people around the globe. "The crisis has already transformed into an economic and labour market shock. During this difficult time, it is important that jobs need to be preserved, enterprise remain sustainable, affected workers and their families are protected, in particular the most vulnerable and those who are performing silently in the informal economy," he added.
The minister said SMEs are considered as the engine of economic growth and development vehicle of a country.
"It has commendable contribution to GDP growth, employment generation, women empowerment, as well as export earnings. The labor-intensive nature and the fascinating art of SME products have made the South Asian region, including Bangladesh capable enough to be competitive in the global market in terms of both quality and price," he added.
Particularly in Bangladesh, he said, SMEs have been treated as the driving force of our national economy. It has the pivotal role in achieving our National Goals like- 'Vision-2021'; LDC graduation by 2024, achieving SDGs by 2030 and to be developed country by 2041.
SME Foundation Chairperson Dr Md Masudur Rahman presided over the discussion.

More News For this Category

Sharifuzzaman Sarkar, Director of Brothers Furniture Limited, inaugurating its new showroom at Rajbari recently. Alim Ur Reza, Assistant Manager (Marketing and Sales) and other officials of the company and local dignitaries were present.

Sharifuzzaman Sarkar, Director of Brothers Furniture Limited, inaugurating its new showroom at Rajbari recently. Alim Ur Reza, Assistant Manager (Marketing and Sales) and other officials of the company and local dignitaries were present.

Speakers focus on regional coop to boost economies

Business Desk :There is an urgent need for promoting regional cooperation to help boost the economies in the wake of Covid-19 pandemic, speakers at a webinar said.Bangladesh, with its excellent

Govt takes measures to simplify tax system to lure FDI

Al Amin :Uncomfortable situation is prevailing in trade and investment globally as the world is struggling to face the ongoing pandemic. Everyone, developing and developed countries affected alike by the

PLSL re-elected Feroz Alam as Chairman

PLSL re-elected Feroz Alam as Chairman

Business Desk :ASM Feroz Alam re-elected as Chairman of Premier Leasing Securities Limited in the 58th meeting of the Board of Directors of the company held recently. Feroz Alam is

Business transformation must to revive economy

Business transformation must to revive economy

Business Desk :Leadership can change an organisation through collaboration and cooperation. The learning's from the ongoing pandemic will also help businesses modify their operation faster than it was thought earlier.Such

German government raises 2020 GDP forecast to -5.5pc

Reuters  :The German government expects growth in Europe's largest economy to decline slightly less than previously expected this year, a source familiar with the government's estimates told Reuters on Monday.The

Md. Ataur Rahman Prodhan, Managing Director and CEO of Sonali Bank Limited, speaking through virtually at the Business Development and View Exchange meeting organised by the West Zone of the bank at a resort in Munsigonj on Monday as chief guest. Zahidul Haque, DMD and other senior officials of the bank were also attended the programme.

Md. Ataur Rahman Prodhan, Managing Director and CEO of Sonali Bank Limited, speaking through virtually at the Business Development and View Exchange meeting organised by the West Zone of the bank at a resort in Munsigonj on Monday as chief guest. Zahidul Haque, DMD and other senior officials of the bank were also attended the programme.

India-Bangladesh can achieve greater trade synergies both bilateral and beyond: FBCCI

India-Bangladesh can achieve greater trade synergies both bilateral and beyond: FBCCI

Business Desk :Sheikh Fazle Fahim, President of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) expressed his confidence over next tier bilateral trade relations with the support of the

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, inaugurating its 21st Anniversary through cutting cake at its head office in the city on Sunday. Abdul Aziz, Md. Mustafa Khair, AMDs, Md. Zahurul Haque, Md. Masudur Rahman Shah, DMDs, divisional heads and senior officials of the bank were also present.

Syed Waseque Md. Ali, Managing Director of First Security Islami Bank Limited, inaugurating its 21st Anniversary through cutting cake at its head office in the city on Sunday. Abdul Aziz, Md. Mustafa Khair, AMDs, Md. Zahurul Haque, Md. Masudur Rahman Shah, DMDs, divisional heads and senior officials of the bank were also present.

Md. Kamruzzaman, Head of Retail Banking of ONE Bank Limited (OBL) and Shahed Azaz Ahmed, Managing Director of Hotel Tropical Daisy, exchanging agreement signing documents at the banks head office in the city recently. Under the deal, OBL Credit, Debit and Prepaid card holders will enjoy 50% discount on room rent, 15% discount on all food items and 10% discount at coffee corner round the year. Top officials from both the organizations were also present.

Md. Kamruzzaman, Head of Retail Banking of ONE Bank Limited (OBL) and Shahed Azaz Ahmed, Managing Director of Hotel Tropical Daisy, exchanging agreement signing documents at the banks head office in the city recently. Under the deal, OBL Credit, Debit and Prepaid card holders will enjoy 50% discount on room rent, 15% discount on all food items and 10% discount at coffee corner round the year. Top officials from both the organizations were also present.