Business

Proper support can help turn SMEs big companies

Says BSEC commissioner


Published : 12 Nov 2021 09:25 PM | Updated : 15 Nov 2021 01:21 PM

The importance of SME sector in the economy of any country in the world is immense. It will gradually turn into big companies if they get the necessary facilities. 

Bangladesh Securities and Exchange Commission (BSEC) Commissioner Md. Abdul Halim said this while speaking as the chief guest at a workshop organized by the Dhaka Stock Exchange (DSE) on Thursday. 

The workshop was organized on the process of registration of qualified investors and trading methods on the SME platform.

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The BSEC Commissioner said, “By listing companies on the DSE's SME platform, they will have the opportunity to expand their business. Besides, there are many qualified investors in the country. But only eight companies are listed on the SME platform. SME entrepreneurs should be encouraged to increase the number of enrollments.”

He further said that SMEs can contribute to the development of the sector by connecting the talents of entrepreneurs and the money of qualified investors. As a result, the SME sector will be more dynamic.

DSE Director Prof. Dr. A. K. M Masood as a special guest and President of DSE Brokers Association of Bangladesh Sharif Anwar Hossain was virtually connected at the workshop. 

DSE director A. K. M Masood said, “The importance of SME sector as a driving force of global economy is immense. Banking and non-banking sectors are the main sources of SME financing. As a result, the operating costs of the SME sector increase, similarly the imbalance in the debt-to-capital ratio is also increasing.”

“As a country of emerging economies, a large number of small capital businesses have been established in our country. These promising companies are making a significant contribution to the country's economy through industrialization and job creation,” Masood added. 

The DSE director said that the DSE has taken several initiatives to make the SME sector more dynamic, including reducing the registration fee on the SME platform, and taking steps to encourage SME entrepreneurs through various meetings and seminars. 

DBA President Sharif Anwar Hossain said, “Through such workshops, new companies would be made aware of the benefits of SME platform. I urge DSE to organize more such workshops in future. This will make the SME platform more dynamic.”

DSE Acting Managing Director M Saifur Rahman Majumder gave a welcome address at the workshop.  

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