Govt to enact rules to spur growth of SMEs

Industries Minister Amir Hossain Amu termed the Small and Medium entrepreneurs (SME) as the main engine for achieving development goals and their innovative ideas should be used for hastening industrialisation in Bangladesh, BSS reports from Chittagong.
"The skill of entrepreneurs can adapt quickly to changing market situation including achieving export target, generate employment, help diversify economic activities and make a significant contribution to exports and trade," he added.
The industries minister said this while inaugurating three-day international Small and Medium Enterprises (SME) fair at Bangabandhu Conference Hall of World Trade Center (WTC) in Chittagong yesterday.
Chittagong Chamber of Commerce and Industry (CCCI) organised function.
Speaking at the function, the minister said though SMEs are based on relatively small investment, their survival depends on readily available market with easy access but it has controlled 70 per cent business activates in the country.
"SMEs provided 80 to 85 per cent employment opportunities and 35 per cent total internal productions in the country" he added.
He said the government has started to develop environment friendly industrialisations so all Small and Medium industries scattered at the different places in the country will be gathered in nearby economic zones.
Amu said the government is going to enact suitable rules and regulation to support the development and growth for SME sectors by taking opinions from entrepreneurs.
Entrepreneurs have set up 60 stalls to display their products at the fair, which will continue until December 5.
Jute and leather goods, garments, fashion wear, agriculture-based items, plastic, electrical and electronic goods, financial institutions and light engineering products are on display. 
CCCI president Mahbubul Alam presided over the function while former CCCI president M A Latif MP attended it as special guest.
He said 22 leading enterprises participated in the fair.
The fair will remain open for visitors from 10 am to 8 pm every day.
Deputy Commissioner of Chittagong Shamsul Arefin, Deputy High comissioner of India Somnath Haldar, Consular General of Russian Confederation Oleg. P. Boiko and vice president of CCCI Sayed Jamal Ahmed among others attended the function

Govt to enact rules to spur growth of SMEs

Industries Minister Amir Hossain Amu termed the Small and Medium entrepreneurs (SME) as the main enginefor achieving developmentgoals and their innovativeideas should be used for hastening industrialisation in Bangladesh, BSS reports from Chittagong. The skill of entrepreneurs can adapt quickly to changing market situation including achieving export target, generate employment, help diversify economic activities and make a significant contribution to exports and trade,he added. The industries minister said this while inaugurating three-day international Smalland Medium Enterprises (SME) fair at Bangabandhu Conference Hall of World Trade Center (WTC) in Chittagong yesterday. Chittagong Chamber of Commerce and Industry (CCCI) organised function. Speaking at the function, the minister said though SMEs are based on relatively small investment, their survival depends on readily available market with easy access but it has controlled 70 per cent business activates in the country. SMEs provided 80 to 85 per cent employment opportunities and 35 per cent total internal productions in the country he added. He said the government has started to develop environment friendly industrialisations so all Small and Medium industries scattered at the different places in the country will be gathered in nearby economic zones. Amu said the government is going to enact suitable rules and regulation to support the development and growth for SME sectors by taking opinions from entrepreneurs. Entrepreneurs have set up 60 stalls to display their products at the fair, which will continue until December 5. Jute and leather goods, garments, fashion wear, agriculture-based items, plastic, electrical and electronic goods, financial institutions andlight engineering products are on display. CCCI president Mahbubul Alam presided over the function while former CCCI president M A Latif MP attended it as special guest. He said 22 leading enterprises participated in the fair. The fair will remain open for visitors from 10 am to 8 pm every day. Deputy Commissioner of Chittagong Shamsul Arefin, Deputy High comissioner of India Somnath Haldar, Consular General of Russian Confederation Oleg. P. Boiko and vice president of CCCI Sayed Jamal Ahmed among others attended the function