Prosperity through SMEs
Enterprise deserves appreciation for the cover story on SMEs in its May issue. The significance of SMEs is linked with the growth of industrialization.The distinct impact of SMEs on the economy is due to labourintensive production. It creates avenues of productive employment, which generates equal growth opportunities. In this way, the growing rural and urban labour force has the potential to become the backbone of economy, provided the sustainable and innovative processes in the SME sector are carried out effectively.
It has been enlightening to know about the efforts of our government and the collaboration with USAID to invest in SME assistance projects. The working of SMEDA with such a diverse range of initiatives demands due projection. It is good to see that information and research have become the priority areas for the SME sector in Pakistan. I look forward to learning more in this regard