South Asian SME goods earn competency in global markets: Amu

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Dhaka, Jan 21: Goods of Small and Medium-sized Enterprises (SMEs) in Asian region earned its competency to compete the world market due to its quality and prices, industries minister Amir Hossain Amu said on Thursday.

“The quality of SME goods produced in Asian region earned its fame and competency in global market. It is happened due to skilled manpower, multi-type goods, value added and rich culture,” he said while addressing at South Asian SME conference 2016 in a city hotel.

South Asian countries SME forum and National Association of Small and Cottage Industries Bangladesh (NASIB) jointly organized the conference.

Among others, industries secretary Mosharraf Hossain Bhuiyan, principal secretary of West Bengal government Rajiva Singha, president of South Asian countries SME forum Mirza Nurul Gani, vice-president of FBCCI Mahbubul Alam and chairman of NASIB advisory council Professor Momtaz Uddin Ahmed also spoke at the conference.

Besides, leaders, representatives and top policy makers of SMEs from Bangladesh, India, Pakistan, Nepal, Bhutan, Sri Lanka, Maldives and Afghanistan attended the conference.

Terming South Asian SME goods as rising industrial sector, Amir Hossain Amu said, adding, “ the SME sector is playing a vital in south Asian economy. It is playing important role in helping economic growth, employment generation, empowering women and foreign currency earning in the regional countries.”

The sector is densely labour worriented, the industries said.

Half of the populations of the south Asian countries are women, Amu said, adding, “the women involved in SMEs are playing important role in strengthening regional economy. Specially, there are radical changes in regional economy because of women’s involvement in SME sector.”

There are huge markets in South Asia as here lives around 1.7 billion people, the minister said.

“There is no single region such a huge people lives in across the world like South Asian region. The region is highly potential for economic growth. Poverty, illiteracy, diseases and social unrest are major barrier for development of the region,” Amu observed.

He suggested for technology exchange among the SAARC countries which would help to produce more quality SME products.

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