Business

‘SMEs can be engine for economic growth, job creation after pandemic’


Published : 28 Jun 2021 10:00 PM | Updated : 29 Jun 2021 12:05 AM

Speakers at a webinar opined that the SMEs can be the engine for economic growth and employment generation after the Covid-19 crisis, but it all depends on effective response by the government

Terming SMEs as the bloodline of Bangladesh’s economy, they said it has been creating employment for 7.8 million people directly and providing livelihood for 31.2 million. SMEs need to be uplifted so that the sector can generate quality employment. 

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized the International Webinar on “Covid-19 impact on the SMEs and SMPs: The Bangladesh Perspective” on Sunday. 

Planning Minister MA Mannan joined the webinar as the chief guest while President of The International Federation of Accountants (IFAC) Alan Johnson and President of South Asian Federation of Accountants (SAFA) and Past President of ICMAB AKM Delwer Hussain FCMA were present as special guests.  Dr. Md. Salim Uddin FCA, FCMA, Professor, University of Chittagong and Chairman, HBFC presented the paper as Keynote Speaker. ICMAB President Mr. Abu Bakar Siddique FCMA presided over the webinar.

 Abu Sayed Md. Shaykhul Islam FCMA, Past President and present Council Member of ICMAB; CA, Satish Kumar Gupta, Chairman, Small & Medium Parctices Committee, SAFA;CA, Sanjeev Singhal, Chairman, Committee for Members in Practice, ICAI joined the webinar as Speakers. Members of SAFA, CAPA and IFAC holding responsible positions in different national and international organizations at home and abroad participated in the Webinar as participants.  Planning Minister M A Mannan said advanced countries are using vaccines of corona as a political tool. Some advanced countries stocked up vaccines more than they would require, which is not acceptable.