Karachi, July 04, 2018 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) and the Small and Medium Enterprises Development Authority (SMEDA) pledged to serve the micro to medium sized (MSME) sector more vigorously at a ceremony to celebrate World SME Day which is observed every year on the first Wednesday of July.
President UNISAME felicitated the SME stakeholders all over the world on the occasion and said the SMEs all over the world deserve the best of attention for their spirit and dedication. He emphasized the need for the policy makers to facilitate, support, encourage, motivate and promote entrepreneurship to resolve the issue of unemployment. He demanded ‘ Pay as you earn schemes’ for the sector. This would enable the MSMEs to buy properties, equipment, materials and modernize the existing units.
No government can ignore the MSME sector and unless priority is given to the sector the economic growth will not pick up. Thaver appreciated the statement of Tariq Bajwa governor State Bank of Pakistan that the SBP is focusing on agriculture, housing and SMEs. He appreciated the role of SBP in SME promotion and development. He pointed out that finance has become affordable but access to finance is still an issue.
Dr Shehzad Amin the chief guest suggested franchising of established Pakistani brands and foreign brands. He said Pakistanis are the owners of reputable brands and the SMEs could manage the outlets profitably under the guidance of the principals. He also suggested contacting international companies not yet active in Pakistan to build their network through the SMEs. He mentioned several popular brands in Pakistan and narrated their success stories and how he has helped the entrepreneurs with his ideas and experience.
Mukesh Kumar provincial chief SMEDA urged the need to work from grass root level and informed the plans to promote the micro entrepreneurs under a specific programme to facilitate them to market the products of big manufacturers through a well chalked out distribution system. Athar Farrukh Nizami endorsed the franchise promotion and financing scheme for the sector and its scope all over Pakistan.
Asif Hayyat spoke at length on the franchise protection agreement and the possibilities of franchise in food business. He explained in detail the need for trade mark, patent, copyright and other registrations for smooth and safe working of both local and foreign brands and the vigilance necessary to protect popular brands.
Zillurehman said he would design a product for the SME franchise financing for the micro entrepreneurs from the microfinance banks and the SMEs through commercial banks. Hashmat Ali a PHD scholar in supply chains emphasized the need for bench mark, adherence to specifications and promises and the importance of maintaining quality, hygiene and inspection systems in units.
For more information, contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Cell: +92-300-8245307, +92-321-8245307
Category: General Business News