Minister Vows To Sharpen Focus On SME Development

LAHORE: Makhdoom Syed Murtaza Mahmood, Federal Minister Industries and Production has assured to focus on special attention on SME development for creating massive employment opportunities and enhancing GDP growth in the country.

It was assured by him in response to a briefing given by Hashim Raza, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) on SME Policy.

Jawwad Rafique Malik, Federal Secretary Industries and Production and a number of senior officials were also present on this occasion. The Minister said that economic revival is the top most agenda of new government, which would amicably be met by developing SME sector across the country.

The Minister highly applauded SMEDA services in sustainable growth of SMEs. He assured to strengthen SMEDA further to come up to aspirations of SMEs and meet the development goals set in the SME policy. He was confident that the new SME policy will encourage youth and particularly women to explore their business potential by creating an environment where new businesses can be set-up and flourished.

Earlier, CEO SMEDA Hashim Raza informed that the SME Policy included foolproof measure to ensure No. NOC regime for Start-ups, easy financing through risk-based assessment model, e-inspection portal and incubation framework for enterprises. Besides, so many facilitating initiatives, the policy has ensured to allocate 4200 Acre land for establishment of SMEs on plug and play model, he said and hoped that the land, as a break up in about 19000 small plots would give birth to over the similar number of new SMEs thus creating more than 6 lacs jobs in the country.