18 Sep 2022 19:00:45
The Dhaka Chamber of Commerce and Industry (DCCI) and the SME Foundation signed a Memorandum of Cooperation (MoC) on Sunday to work on access to finance and skills.
The managing director of the KMU-Foundation, Dr. Md Mafizur Rahman, and DCCI Secretary-General Afsarul Arifeen signed the document on behalf of their respective organizations at DCCI in the city, BSS reported, citing a press release.
DCCI President Rizwan Rahman and SME Foundation Chairman Dr. Md. Masudur Rahman was also present on the occasion.
dr Md Masudur Rahman said that given the inequality in society, it is not possible to achieve inclusive growth.
He said developing the SME sector will ensure that inclusivity as the sector covers most of the economy.
He said both SMEF and DCCI will join forces to work together on political advocacy.
“Bangladesh is going through a transition period and now we have to work for technological advancement. For product innovation, we need R&D, also we need to choose high-end skills with higher wages to perform better,” he added.
Referring to the private sector as the main engine of growth, he said the private sector should lead the economy and have good synergy with the public sector.
During the signing ceremony, DCCI President Rizwan Rahman said that although this sector alone contributes more than 25 percent of GDP, the CMSME sector sometimes faces different challenges such as easy financing, industrial infrastructure, innovation, skills and modern technology.
He said that DCCI and SME Foundation will work together for the integrative development of CMSME.
Under this cooperation memorandum, both parties will also work for SME entrepreneurship development, policy advocacy, policy reform, cluster development, export diversification, market exploration and capacity development to meet the challenges of LDC graduation, he added.
dr Md Mafizur Rahman said the CMSME sector provides 85 to 89 percent of the jobs in the country.
“The contribution of SMEs to GDP is now around 27 to 28 percent. We have more than 50 percent women in the country and we need to make it easier for them to become entrepreneurs,” he added.
DCCI Senior Vice President Arman Haque and members of the Board of Directors were also present on the occasion.