Youths urged to initiate small business

Prime Minister Sheikh Hasina has urged the youths to initiate small business instead of desiring government jobs after passing out from the universities.

The Prime Minister said this at the opening ceremony of the nine-day fair ‘8th National SME Product Fair-2020’ as the chief guest at the Krishibid Institution, Bangladesh (KIB) auditorium at Farmgate on Wednesday.

“Many of our SME products are world standard and they’re also associated with our cultural heritage. So, we’ll have to undertake some measures for developing the SME sector further,” she said.

The premier said the entrepreneurs will have to concentrate more on producing hundred percent export-oriented high-end demanding goods side by side our heritage products.

Sheikh Hasina said the entrepreneurs will have to manufacture complementary goods to the heavy industries by the SMEs and flourish the Blue Economy through SMEs.

They (entrepreneurs) will have to focus more on turning Bangladesh into a partner of ‘Global Value Chain’ using a low cost of production in combination with modern technology, she said.

The country’s scientists and researchers will have to give more attention towards coordination/hybridisation of three innovative sectors —digital, biological and physical — so that Bangladesh can keep pace with fourth industrial revolution (4IR), she added.

Industries Minister Nurul Majid Mahmud Humayun presided over the function, while Chairman of the Parliamentary Standing Committee on the Industries Ministry Amir Hossain Amu was present as the special guest.

Industries Secretary Md Abdul Halim and SME Foundation Managing Director Md. Safiqul Islam also spoke at the function and State Minister for Industries Kamal Ahmed Mojumder was present on the dais.

 

Dhaka/Mukul