Prospect of SMEs: A Few Challenges
The Financial Express, July 2010
2 Pages Posted: 11 Aug 2013
Date Written: July 15, 2010
Excepting a few fertilizer, pharmaceutical, cement and telecom companies all other business entities in Bangladesh are SMEs. There are about 6.0 million SMEs in Bangladesh. Their production accounts for around 50% of our total industrial output each year. They generate highest number of employment and contribute to import substitution and save foreign currencies.
However, there are a few initiatives visible from the government side to bolster SMEs, deal with their problems and facilitate and promote them. Major achievement of the government in support of SME is the establishment of SME Foundation.
Keywords: Industrial Development, Industrialization, Small and Medium Enterprise (SME), SME Development
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