Karachi, November 22, 2017 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) expects the key note speaker, the chief executive officer (CEO) of the Small and Medium Enterprises Development Authority (SMEDA) at the 11th Micro and SME conference to highlight the difficulties faced by the sector due to non conducive environment and lack of implementation of SME policy at a local hotel in Islamabad on 23rd November 2017.
President UNISAME Zulfikar Thaver appreciated the efforts of Menin Rodriguez and his team at Shamrock Conferences for their services for the micro to medium sized sector since a decade. Shamrock Conferences has become an effective forum of MSME stakeholders namely the union, SMEDA, microfinance and commercial banks and several agencies working for SME promotion and development.
Thaver who is also the chairman of the working group of the capacity building under the National Finance Inclusion Strategy (NFIS) urged the CEO SMEDA to pinpoint the real issues of the MSMEs to invite the attention of the government.
First of all SMEDA which is the organization for promotion and development of the sector has insufficient personnel, funds and left to die its own death needs to be revived and made strong to cater to the sector. Its size, scope and strength needs the immediate attention of the policy makers.
Secondly the SME Bank needs to be put in high gear to cater to the sector as a specific bank rather than just like any other commercial bank. Thirdly the sector needs an export promotion bureau to exhibit and lend market support to the SME exporting units in textiles, rice, commodities, spices, sports and surgical goods and also light engineering.
Other very essential and important requirements of the sector which SMEDA needs to recommend to the government are establishment of credit guarantee, technical institute, chamber of commerce, office of ombudsman, SME venture capital fund and SME development fund and training centres to be established in all the districts.
SMEDA also needs to advocate for enhancing and modernizing agriculture by leasing facilities. The Union expects SMEDA to assert itself and not just remain a passive body. SMEDA must advocate for the sector and impress upon the government to help, support, encourage and facilitate the sector to meet the challenges it faces due to global downslide of the markets.
For more information, contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Cell: +92-300-8245307, +92-321-8245307