The Union of Small and Medium Enterprises (UNISAME) has invited the private sector, especially big corporations, to join hands with the Small and Medium Enterprises Development Authority (Smeda) for promotion and development of SMEs.
UNISAME President Zulfikar Thaver said Smeda is an autonomous body working under the Ministry of Industries and Production and is focused on providing an enabling environment and business development services to small and medium enterprises (SMEs).
Smeda also facilitates other stakeholders in addressing their SME development agendas.
Among the various activities undertaken, Smeda is also providing consultancy and advisory services to the SMEs, preparing business plans as well as striving for common facility centres (CFCs) to support SME clusters and sectors.
Besides these activities, Smeda is always motivated to look towards newer avenues in order to expand its reach for the betterment of SMEs.
Unlike large enterprises in the formal sector, a SME is constrained by financial and other resources. This inherent characteristic makes it imperative that there should be a mechanism through which it may get support in different functions of business including technical upgrading, marketing, financial and human resource training and development.
“Since Smeda is the flagship organisation of Pakistan for the SMEs, it becomes our responsibility to provide necessary services to help the SMEs overcome the weaknesses,” said Thaver.
Moreover, the progress and growth of the SMEs is considered by economic specialists to be beneficial to all the players involved in Pakistan’s economy.
Published in The Express Tribune, August 1st, 2014.
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