Small and Medium Enterprises Development Authority to develop development strategy focusing on creation of fresh employments, investment opportunities

Lahore, February 27, 2013 (PPI-OT): 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.

He informed that SMEDA’s sector development team had been entrusted with the task to pick up six potential sectors each from Punjab, Sindh, Baluchistan, KP, Gilgit Baltistan and AJK with the aim of generating new jobs. He hoped that SMEDA would be able to complete its new SME development plan comprising 42 labor intensive and export oriented sectors before coming election.

Earlier, the World Bank mission appreciated SMEDA’s role in implementing the project titled as “Economic Revitalization of KP and FATA” (ERKF) financed by the World Bank under a Multi Donor Trust Fund (MDTF). The mission representatives said that the high credibility of SMEDA had led this partnership to Competitive Industries Project.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprise Development Authority (SMEDA)
6th floor, LDA Plaza, Egerton Road, Lahore
Tel: 111-111-456
Fax: (042) 6304926

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