Dhaka Chamber of Commerce & Industry (DCCI) and Small and Medium Enterprise (SME) Foundation on Sunday inked a Memorandum of Cooperation (MoC) to work on access to finance and skills, as well as join hands to move together for policy advocacy.
SME Foundation Managing Director Dr Md Mafizur Rahman and DCCI Secretary General Afsarul Arifeen signed the document on behalf of their respective organisations at the DCCI office in Dhaka.
DCCI President Rizwan Rahman, SME Foundation Chairman Dr Md Masudur Rahman, DCCI Senior Vice President Arman Haque and members of the Board of Directors were also present on the occasion.
Rizwan Rahman said that the CMSME sector sometimes faces different challenges like easy financing, industry infrastructure, innovation, skill and modern technology, even though this sector alone contributes more than 25 per cent of the GDP.
“DCCI and SME Foundation will work together for the inclusive development of CMSME. Under this cooperation memorandum both the parties will also work for SME entrepreneurship development, policy advocacy, policy reforms, cluster development, export diversification, market exploration and capacity development to face the challenges of LDC graduation,” he added.
Dr Md Masudur Rahman said with the existence of disparity in society it would not be possible to attain inclusive growth. The development of the SME sector will ensure this inclusivity as the sector covers a major portion of the economy.
“Bangladesh is going through a transition period and now we have to work for technological advancement. For product innovation, we need research and development, moreover, we have to go for the high-end skills with higher wages to get better output,” he added.
