Expert Group Meeting held between German and Bangladesh. An Expert Group Meeting on “Employment, Equity and Diversification of SMEs in Bangladesh: Experience of the German Model” jointly organized by SME Foundation, Ministry of Foreign Affairs of Bangladesh and the German Friedrich-Ebert-Stiftung (FES) Bangladesh was held at Hotel Pan Pacific Sonargaon today.
State Minister for Foreign Affairs Md. Shahriar Alam inaugurated the expert group meeting as chief guest and Muhammad Abdullah, Secretary of the Ministry of Industries was the special guest. Other panellists were Dr. Thomas Prinz, German Ambassador to Bangladesh, K M Habib Ullah, Chairperson of SME Foundation and Franziska Korn, Resident Representative of FES Bangladesh.
The aim of the conference is to enable SMEs to link-up with foreign markets through a package of support including credit, common services, upgrading of skills, social capital and institutional support.
The growth of the SME sector in Bangladesh is not only supporting the economic growth of the Country, but is also known for its huge potentiality for employment generation, promoting social justice and equity and bringing diversity in economies.
Professor Dr. Hansjoerg Herr and Dr. Zeynep Nettekoven, Berlin School of Economics and Law presented a study report titled “Success Factors of Small- and Medium Enterprises (SMEs) – What is Behind the Success of German SMEs?”, where they identified financing, education, cluster and value chains as well as social capital as four key drivers of German success in SME.
Bangladesh is currently perusing “Broader Engagement with Europe Policy” to enhance interactions and cooperation with the countries in Europe, with particular focus on trade and investment.
The organizers expressed hope that the Expert Group Meeting will work as a catalyst for future development of SMEs in Bangladesh, which will definitely accelerate economic and social growth in Bangladesh.