SMEs Play Vital Role in Economic Development

Small and Medium Enterprises (SMEs) are playing remarkable role in socio-economic and industrial development of the country.

SME entrepreneurs have the ability to create huge employment in the country, discussants at a meeting said, adding: “SME entrepreneurs have become successful in backward and forward linkage industries.”

Terming SMEs as the driving force of the nation’s economy, they said, SME sector has been generating 70 to 80 percent employment, while 95 percent of the country’s businesses is basically SME-based.

Speakers made the observations at a programme on unveiling a journal titled “International Journal of SME Development” at the conference room of SME Foundation in Dhaka on Wednesday.

Dr Ehsanul Karim, Managing Director of SME Foundation presided over the meeting while Dr Mostafa K Monjuri, Director General of BIDS unveiled the journal as chief guest.

Prof Dr M Kamal Uddin, Director, IAT, BUET and Prof Dr Momtaj Uddin Ahmed, a researcher attended the function.

SME Foundation since its inception has been implementing different programmes in a bid to develop SMEs.

The foundation for the first time published a journal styled ‘International Journal of SME Development.’ The first edition of the journal was decorated with invited articles and notes which will help SME entrepreneurs of the country.

The SME Foundation has taken a plan for publishing the journal in two editions every year.