Smeda launches new SME strategy

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LAHORE - Small and Medium Enterprises Development Authority (SMEDA) has initiated the process to develop a new SME development strategy focusing on creation of fresh employments and investment opportunities.

It was disclosed by Sardar Ahmad Nawaz Sukhera, Chief Executive Officer SMEDA while exchanging his views with a World Bank mission today at SMEDA head office. The mission included Ms. Kiran Afzal, Private Sector Development Specialist for South Asia and Mr. Sohail Moghal, Consultant of the World Bank.

CEO SMEDA told that continuing with a number of in-house brain storming sessions, a move for consultation with stakeholders of SME sector was going to be launched next week.  Entrepreneurs, SME experts and academics as well as the SME trade bodies are being approached to have their suggestions on making SMEDA’s role more effective in development of SME sector, he said adding that SMEDA would be repositioned in light of the opinion, suggestions and inputs received from the stakeholders.

The World Bank mission was apprised about existing set up and operational mechanism of SMEDA, which is constrained to both financial as well as capacity limitations, CEO SMEDA said. He lamented that SMEDA, despite being an IT based organization was dwelling upon the decade old IT equipment that has made it uncompetitive with the modern contemporary institutions. He expressed determination that such issues would be resolved during next quarter of the operation on priority basis. He was confident that the organization would be made effective, active and pro-active by equipping it with the better infrastructure.

For that, he said, SMEDA would have to prove it a worthwhile organization by producing a viable business plan targeted to create optimal number of new employments and contributing a greater value addition in DGP.


Courtesy: The Nation

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