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SMEs can start industrial revolution: PM

Taskforce submits report to Khaleda

BSS, Dhaka
Prime Minister Khaleda Zia has said an industrial revolution can begin in the country if all concerned work with priority to development of small and medium enterprises (SMEs).
She expressed the view while receiving a report prepared by the national taskforce on development of SMEs at the Prime Minister's Office yesterday.
The prime minister urged the private sector, including nongovernmental organisation (NGOs) FROM PAGE 12
and women entrepreneurs to work for promotion of SMEs by arranging adequate training for the workers, developing attractive designs, improving the packaging and maintaining quality of the products.
She said the government would give all sorts of assistance for development of the SME sector as it 'needs less capital but generates more employment.'
A national policy on SMEs will be formulated for the first time in the country on the basis of the report submitted by the 19-member taskforce formed in November last year with Prime Minister's Principal Secretary Kamal Siddiqui as convenor.
A delegation of the taskforce formally handed over the report to the prime minister and thanked her for taking the initiative to formulate a national policy on SMEs for the first time in the country.
Thanking the members of the taskforce for preparing the report, the prime minister said she herself would look into it. She hoped that the well-thought recommendations of the taskforce would be accepted.
The prime minister said the SME sector remained neglected for long. The government, however, has already taken necessary fiscal
measures to solve the problems of this sector.
The prime minister stressed the need for expanding market of the products of SMEs with attractive designs and packaging along with the quality keeping in mind the taste of the consumers in the present globalised world.
Referring to her government's priority on agro-based industry, she said attention must be given so that the farmers get fair price of their produce.
Increased export of agro-based industrial products can ensure fair prices of the crops, she observed.
Members of the national taskforce includes Federation of NGOs in Bangladesh President Abdul Muyeed Chowdhury, Grameen Bank Deputy Managing Director Khaled Shams, Bangladesh Enterprise Institute Chairman Farooq Sobhan, former FBCCI president Yusuf Abdullah Haroon, former Planning Commission member Prof Mamtazuddin Ahmed, Prof KM Rabbani of Dhaka University, Prof Fariduddin Ahmed of Dhaka University, the Financial Express Editor Moazzem Hossain and Women Entrepreneurs Association President Nasrin Awal Mintoo.