ISSME keen to promote informal sectors into SMEs
Updated: Nov 18, 2013 03:40:23pm
New Delhi, Nov 18 (KNN) Informal sectors could graduate into micro, small and medium sized enterprises (SMEs) and grow further, contributing much to the economic growth and development, as formal enterprises in the economy.
According to a press release issued by the International Society for Small and Medium Enterprises (ISSME), the informal sector needs formal institutional mechanism, policy attention and tailor made training programmes.
“Informal Sector Enterprise sector has got the presence of highly talented entrepreneurs. But they need a helping hand at various stages of their growth….” it said, calling for an economic and enterprise focused policy approach to augment their competiveness and enhance their employment and wealth generation capacity.
Among the recommendations that emerged during a round table discussion on November-12 were – the need to address issues such as packaging, marketing, product quality and better, appropriate and green technologies.
Other issues that need to be addressed are training and capacity building needs; creating an institutional mechanism that provides various services to them such as hand holding, mentoring, technology and finance facilitation and providing information to informal sector at each of the community bloc levels.
The discussion was attended by representatives of various industry associations, informal sector enterprise associations and forums, micro finance agencies, NGOs, government agencies, many grass root organizations and informal sector entrepreneurs.
There were more than twelve presentations by experts and representatives from associations and chambers.
ISSME is an international non-government organisation which works with members, affiliates and partners across the world for the promotion of SMEs. (KNN/ST)
According to a press release issued by the International Society for Small and Medium Enterprises (ISSME), the informal sector needs formal institutional mechanism, policy attention and tailor made training programmes.
“Informal Sector Enterprise sector has got the presence of highly talented entrepreneurs. But they need a helping hand at various stages of their growth….” it said, calling for an economic and enterprise focused policy approach to augment their competiveness and enhance their employment and wealth generation capacity.
Among the recommendations that emerged during a round table discussion on November-12 were – the need to address issues such as packaging, marketing, product quality and better, appropriate and green technologies.
Other issues that need to be addressed are training and capacity building needs; creating an institutional mechanism that provides various services to them such as hand holding, mentoring, technology and finance facilitation and providing information to informal sector at each of the community bloc levels.
The discussion was attended by representatives of various industry associations, informal sector enterprise associations and forums, micro finance agencies, NGOs, government agencies, many grass root organizations and informal sector entrepreneurs.
There were more than twelve presentations by experts and representatives from associations and chambers.
ISSME is an international non-government organisation which works with members, affiliates and partners across the world for the promotion of SMEs. (KNN/ST)
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