LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) assisted an investment of over Rs.29.73 billion during last decade through handholding of the upcoming SMEs and up-gradation of 27 existing SME clusters by providing them common facility centers of worth Rs.2.772 billion as PSDP (Public Sector Development Programme) projects.
This investment is disclosed by SMEDA Chief Executive Officer Sher Ayub Khan in meeting held in SMEDA head office yesterday to celebrate World SME Day.
He esteemed the United Nations General Assembly for allocating June 27 as the International Day of SMEs, and also articulated gratefulness to International Council for Small Business (ICSB), who declared 27th of June as a World SME Day last year during its 61st Annual World Conference held at United Nations.
which is an opportunity for various members to take step for the development.
According to his observation, 95% of the enterprises in the world belonged to micro, small and medium-sized businesses, which accounted for about 60 per cent of the private sector employment, adding that these enterprises could in fact become the engines that sustain growth for long-term development in developing countries.
Small & Medium Business Administration (SMBA), Republic of Korea, KOSGEB, Republic of Turkey, Small Business Administration (SBA), USA were spending heavy budget on the SME Development agenda but the resources given to SMEDA had no comparison with them.
Giving reasons for entrance into PSDP, Sher Ayub said that SMEDA, through interaction with stakeholders had identified certain potential clusters of SMEs, which were unable to tap export market despite surplus production, just due to unavailability of the modern technology.
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