Setting Up an Entrepreneurship Development Institute
The Financial Express, January 2012
3 Pages Posted: 11 Aug 2013
Date Written: January 27, 2012
The economic growth rate of the country has been fluctuating between 4.0-6.0 per cent during the last two decades. If we look into the annual gross domestic product (GDP) growth statistics, we observe that the growth curve varied from year to year, dipping in some years while rising in others. Now the question is why the growth curve is not sustaining?
Although many new enterprises are being established every year, a large number of the established ones go out of business during the same period due to lack of adequate entrepreneurial skills. As a result, it has a negative impact on economic growth. According to the statistics, there were about 6.0 million small and medium enterprises (SME) in Bangladesh in 2003. The number of SMEs still remains the same today. Why is the number of SMEs not increasing?
Keywords: entrepreneurship development, Entrepreneurship Development Institute, Need for an Entrepreneurship Development Institute in Bangladesh
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