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MoC between DCCI SME Foundation

Dhaka Chamber of Commerce & Industry (DCCI) and SME Foundation inked a Memorandum of Cooperation (MoC) today on 18 September 2022 at DCCI. Managing Director of SME Foundation Dr. Md. Mafizur Rahman and Secretary General of Dhaka Chamber Afsarul Arifeen signed the document on behalf their respective organizations. DCCI President Rizwan Rahman and Chairman of SME Foundation Dr. Md. Masudur Rahman were also present on the occasion.

During the signing ceremony, DCCI President Rizwan Rahman said that the CMSME sector sometimes face different challenges like easy financing, industry infrastructure, innovation, skill and modern technology despite this sector alone contribute more that 25% of the GDP. He said that 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.

Chairman of SME Foundation Dr. Md. Masudur Rahman said that with the existence of disparity in the society it would not be possible to attain inclusive growth. He said development of SME sector will ensure this inclusivity as the sector covers the major portion of the economy. He said that both SMEF and DCCI will join hands to move together for policy advocacy. He said Bangladesh is going through a transition period and now we have to work for technological advancement. For product’s innovation, we need research and development, moreover we have to go for high-end skill with higher wages to get better output. He termed private sector as the main engine of growth and said the private sector should lead the economy having a good synergy with the public sector.

Managing Director of SME Foundation Dr. Md. Mafizur Rahman said CMSME sector creates 85% to 89% employment generation in the country. SME’s Contribution to GDP is now about 27% to 28%. We have more than 50% women in the country and we have to facilitate them to be entrepreneur, he said.

DCCI Senior Vice President Arman Haque and members of the Board of Directors were also present on the occasion.

Published on: 2022-09-18