SMEDA obtains proposals from stakeholders for development of SMEs industry

General Lahore

Lahore: Small and Medium Enterprises Development Authority SMEDA held an Information Technology conference today at SMEDA head office to obtain proposals from the key Stakeholders of the industry for development of the IT based SMEs in the country. A large number of the CEOs and senior professionals of the local IT companies attended the conference held in chair with Sardar Ahmad Nawaz Sukhera, CEO SMEDA.

SMEDA Chief, welcoming the participants, gave a presentation on SMEDA’s services to be rendered for development of SME sector in the country. He informed that SMEDA was actively busy to formulate a five year business plan to spur rapid growth of new SMEs aiming at creation of new jobs and investment opportunities. In this regard about 22 potential sectors have been chosen across the country giving equal significance to each region including Gilgit Baltistan and AJK, he added.

The Public sector interventions for support have been prioritized on the bases o SMEs existence, economic viability, employment potential and export possibilities, CEO SMEDA said adding that with annual exports estimated at a billion USD and a work force of more than 110,000 skilled resources, IT sector is emerging as one of the promising sectors of Pakistan which merits enquiry into its potential for development.

CEO SMEDA told that the proposals and feed back of IT industry will help evolve a progressive strategy for development of IT based SMEs in the country. The strategy making process will evaluate the value chain as well as the market trends both domestic and global level, he said. The value chains will be analyzed on the basis of five main components; Markets, Production, Technology, Human Resource, Credit and Regulatory Environment, he added and urged the stakeholders to take active part in the consultative process so as to serve larger interest of their sector.

Later, the conference continued in the form of a brain storming sessions. The ideas came up during the discussion were recorded, which would be streamlined properly to lay down outline of the respective development strategy till next week.

The participants of conference widely appreciated SMEDA initiative and assured of their fullest cooperation in developing a viable strategy for IT sector.