FBCCI-SME fair begins in city Dec 20
DHAKA, Dec 17 (BSS) – The fifth FBCCI-SME fair 2011 will begin in the city on December 20 with a slogan-“SMEs and the Nation Growing Together”.
Prime Minister Sheikh Hasina will inaugurate the five-day-long fair at 10am on December 20 at the Bangabandhu International Conference Centre (BICC), said FBCCI president A K Azad at a press conference here today.
President Mohammad Zillur Rahman is expected to distribute FBCCI-SME award at 6pm on December 23 at BICC, he added.
There will be 131 stalls and 19 pavilions in the fair that will remain open from 10am to 8pm upto December 24, said the president of Federation of Bangladesh Cnambers of Commerce and Industry (FBCCI).
Sixty-four SME entrepreneur organisations and 34 banks, insurances and financial institutions are taking part in the fair. The participating SME units include plastic, furniture, steel-furniture, textile, handicraft, jute products, biscuits, ceramics, saree, lungi, generator, cable, leather and leather products and herbal.
Addressing the press conference the FBCCI president urged the government not to borrow more from banking system, saying that such a borrowing by public sector would reduce credit flow to private sector in future.
Suggesting the government to cut subsidy expenditures and re- arrange budgetary allocations to reduce bank borrowing, the apex body president said the government has already borrowed Tk 20,000 crore and placed proposals for borrowing 20,000 crore more.
Azad said the country has around 1.5 lakh small and 27,000 medium enterprises that have employed over 1.5 million people and this sector’s contribution to the national economy is about 25 per cent.
He said the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) organised the first SME fair in 2002 with an objective of expansion of the sector and introducing the products of this potential sector in home and abroad.
Azad said distribution of FBCCI-SME Award is an important part of the SME fair. Three awards will be given in the categories of medium enterprises and small and cottage industries, he said, adding that one Best SME Facilitator Award will be given for playing outstanding role in SME development category.
A six-member jury board comprising businessmen, journalists and researchers has been formed for selection of SMEs for the awards, he added.
Three seminars will be held at the BICC’s media centre during the fair. Fist seminar on Infrastructure Development and Sectoral Zones for SMEs in Bangladesh will be held at 11.30am on December 21, the second one on Women Entrepreneurs in SMEs: Bangladesh Perspective at 2.30pm on December 23 while the third seminar on Access to Finance and Technological Upgradation for SMEs: Bangladesh Perspective at 2.30pm on December 23.
Media partners of the fair the Daily Samakal and the Financial Express will publish special supplement on opening day of the event.