Promotion of SMEs for Sustainable Development
7 Pages Posted: 7 Nov 2009
Date Written: November 7, 2009
SMEs, as defined by the European Union (EU), comprise the industries, having less than 250 workers. This number is 300 workers having yearly turnover within Tk. 38 million (380 crore) under the Japanese definition. In case of Bangladesh, SMEs are the organisations where less than 60 workers are employed and up to an amount of Tk. 10 million has been invested. There are about 6.0 million SMEs in Bangladesh. So we can easily understand how many people are involved in this sector. This is the single largest industrial sector of the Bangladesh economy.
SMEs may become the main foreign currency-earning sector for the country if they get enough nursing with professionalism. The government has established SME Foundation to help further promote the sector. Recently, a very qualified chairman has been recruited for this SME Foundation from the private sector; he is a prominent businessman in the country. But the government has to allow him operational freedom to enable him to execute his planning accordingly and ensure financial assistance to help promote the sector.
Keywords: SME, Promoting Bangladesh, SME sector
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