National Business Development Program to be launched by SMEDA this Year

Mr. Sher Ayub Khan, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) has envisaged that National Business Development Program to be launched by SMEDA this year would mobilize an investment worth Rs. 8 billion. While addressing a meeting at SMEDA Head Office today, he informed that the program would facilitate over 3.14 million SMEs over a period of five years.

CEO SMEDA further told that as many as 3,800 training programs would be organized under the program to be supported with 761 over-the –counter documents on feasibility reports, regulatory procedures, HR and technology. The program would also arrange 913 business startup grants and 500 international certifications besides compiling 23 market research papers. A concrete plan bearing support services needed by the SMEs has been chalked out, he said adding that the plan include management development support, service acquisition support and favorable policy support, which were being demanded by the local SMEs since long time.

CEO SMEDA pointed out that another important demand regarding access to finance had also be addressed under the program, as the program would be providing credit worthiness assessment support to over 9, 500 SMEs to facilitate them having credits from the formal sources.

Mr. Khan hoped that the program would enable local SMEs to make quantum leap in technology up-gradation, Capacity Development and Marketing linkages within and out of the country.  In view of the access to valuable information on world trade and internationalization of the SMEs to be done under the program, he expressed confidence that the SMEs would be able to increase Pakistan’s share in the export markets to an optimal level by making an overall economic value addition of about Rs.3.5 billion.

The program will cost Rs.1.955 billion, out of which an amount of Rs.250 million has been allocated from the PSDP budget of 1917-18, CEO SMEDA added.

SMEDA for Boosting Sports Industry

SMEDA will set up Product Development Centre (PDC) for Composite for tracking the local sports goods industry on modern production lines.

The proposed PDC project costing Rs498 million would be established within the premises of Sports Industry Development Centre (SIDC), said official sources here on Sunday. The step was being taken to enable the sports goods industry to adopt new manufacturing technologies including composite material and enter into the largest segment of sports goods exports which are presently 55% of the sports goods are based on composite materials, sources said.

The basic concept of setting up this proposed PDC was to provide services like product testing (physical and chemical), provide skilled workforce to the sector, enhance productivity by providing technical support services to new and existing industrial units, help develop imported machinery locally through reverse engineering and facilitate in increasing exports of composite based sports goods.

The proposed PDC will prepare the local industry to aggressively enter the international market of composite based sports items.

SMEDA has Planned to set up Fruits, Vegetables & Condiments Processing and Mango Pulping Centers at Naushehroferoze and Mirpurkhas

The Small and Medium Enterprises Development Authority (SMEDA) has planned to set up fruits, vegetables and condiments processing and mango pulping centers at Naushehroferoze and Mirpurkhas with a total cost of Rs. 535.106 million and Rs. 575.4 million respectively. Mr. Sher Ayub, Chief Executive Officer SMEDA has advised the Provincial office of SMEDA-Sindh to start implementation on these projects within the current financial year.

The main objectives of the schemes are to provide common facility services in ripening, sterilization, pulping, sorting, grading and packaging of fruits and vegetables, CEO SMEDA said adding that State of the art agro processing machinery, costing around Rs. 623 million, will be installed for the two model facilitates, which will enable local stakeholders increase their profitability in domestic markets and gain access to international markets for value added horticulture produce.

Meanwhile, Mr. Mukesh Kumar, Provincial Chief SMEDA Sindh has reported to the CEO SMEDA that Bahria Foundation and SMEDA are working together for creating better infrastructure facilities to promote the horticulture sector in Sindh. Syed Imdad Imam Jafri, Deputy Managing Director Bahria Foundation in a recent meeting held at SMEDA-Sindh office has acknowledged the valuable cooperation of SMEDA in establishment of a modern Cold Storage (CA) facility by Bahria Foundation in Karachi with a cost of around Rs. 350 million. He told that the Deputy Managing Director Bahria Foundation had expressed further expressed deep interest in establishing infrastructure projects in the logistics, power, auto-assembling and tourism sectors. SMEDA will assist Bahria Foundation in project viability assessment and establishment of projects for electric motorcycle assembly, wind power, cement and tourism services in Tharparkar, the Provincial Chief SMEDA-Sindh added.

 

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