Agar for promoting micro, SMEs and entrepreneurship development

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President Karachi Chamber of Commerce and Industry (KCCI), Muhammad Haroon Agar asserted upon the need to promote micro, small and medium enterprises (SMEs) and entrepreneurship development. He stated that successive governments in Pakistan have failed to invest in Human Resources and Small and Medium Enterprises Development. Youth is the major part of our population.

To create job opportunities, industrialisation and developing a network of Micro, Small and Medium Enterprises is crucial. Exchanging views in an educational event on "Developing a business plan for New Venture" jointly organised with SME Business Support Fund and International Finance Corporation (IFC) at KCCI, he highlighted that the small and medium sized enterprises (SMEs) are engine of economic growth.

There are around 3.9 million SMEs in Pakistan, majority of which are based in Punjab and Sindh. Today in Karachi alone more than 16,000 industrial units are operating out of which majority are SMEs. Karachi's industries are providing employment to around 1.5 million labour force.

Indirect human resource as vending workers are separate. Ultimately the industries of Karachi including the Large Scale Manufacturing and Small and Medium Enterprises are providing bread and butter to more than 8 million families and citizens. He voiced that SMEs in Karachi are going through a very tough time due to many problems like law and order, energy crises, difficulty access to finance. One reason is the lack of professional management which can be overcome by entrepreneurship development programs and trainings. Government's role must be proactive role in providing an enabling environment for SMEs and micro entrepreneurs. Creating a level-playing field that will allow SMEs to compete with their larger counterparts on an equal basis.

Many progressive SMEs of yesterday are now grown up to large scale manufactures. He underscored that to prosper, SMEs need a conducive business environment and regulations, basic infrastructure services, access to short and long-term funding at reasonable rates, easy access to micro-financing, skilled human resource and advisory assistance.

Emerging international experience show that government is not the appropriate medium to implement and co-ordinate such efforts, and that public-private partnership for SMEs development is a critical element for the success.

He voiced that the state of business affairs demand to learn from the SMEs models of Indian, China and Japan in the region, internationalise our SMEs network while entering into joint ventures with SMEs of neighbouring countries, establish more technical and vocational training institutes and encourage our professional youth for entrepreneurship and train them.

The KCCI is also raising voice to link Micro Entrepreneurs with SMEs so that the Micro Entrepreneurs may also enjoy the benefit offered to SMEs. It is also new of the time to motivate youth to choose self-employment instead of seeking jobs. International Finance Corporation's Business Development Co-ordinator for Pakistan, Asim Ali Faiz Chishti stated that IFC under the aegis of World Bank has designed programmes for capacity building in the SMEs sector and renders business advisory for sustainable growth.-PR

Courtesy: BR

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