Meeting of OIC task force on SMEs begins

KARACHI- The 6th and final meeting of the OIC task force on SMEs commenced in Bangkok, Thailand on 15th August, 2008. State Minister for Tourism, Thailand Somsak Kiatsuranondha inaugurated the conference. President, Thai Islamic Trade & Industrial Association (TITIA) Anirut Smuthkochorn, President, Islamic Chamber of Commerce & Industry (ICCI) Shaikh Saleh Bin Abdullah Kamel, and President of Assumption University Dr. Bancha Saenghiran have participated in the inaugural session. Conference was held at Assumption University jointly organized by Islamic Chamber of Commerce & Industry (ICCI), Islamic Development Bank (IDB), Assumption University of Thailand (AU) and Thai Islamic Trade and Industrial Association (TITIA). Delegates from more than 30 Muslim countries participated including Pakistan, Bangladesh Syria, Turkey, Iran, Malaysia, Syria, Sudan, Lebanon, and Saudi Arabia. Various multinational companies and financial institutions have also participated. Delegation from Philippine Muslim community was also participated. The largest delegation was from Pakistan including representatives from Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Small and Medium Enterprises Development Authority (SMEDA) and the Karachi office of Islamic Chamber of Commerce and Industry (ICCI). Delegation from FPCCI was consists of Khurshed Ahmed Jogezai, Fazal Elahi and Dr. Ayub Mehar. On behalf of President FPCCI Tanvir A Sheikh, Dr. Ayub Mehar presented a policy research paper on "Key Success Factors for National SMEs Development Program". In the FPCCI presentation, it was mentioned that the problems faced by the SMEs, contribution of SMEs in the GDP, export and employment in the OIC countries, pre-requisite factors and role of chambers of commerce and industry to promote SME in OIC countries. FPCCI delegation highlighted three strategically issues; determining the desirable outcome and level of SMEs development, secondly SMEs should promote collaborations, regional cooperation, joint ventures and integrations between the various geographical regions of Muslim World. They must not lead the segmentation or isolation of Muslim societies and finally SMEs must not compete with the MNCs and transnational corporations. The importance of transnational and big corporations should not be undermined. They are important inseparable requirement of the R & D activities, innovations, inventions, technological advancement and macroeconomic development. SMEs should work as corresponding part of the big corporations and as engine of growth. The conference would be concluded on 18th August 2008.

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