MALACCA: The Government plans to increase the contribution of small and medium entrepreneurs (SMEs) to 40% of gross domestic product from the current 33%, says Interna-tional Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/12/10/business/12437168&sec=business
Published: December 10, 2012
He said efforts and the transformation of SMEs to produce
high-quality and and high-valued products were ongoing via the SME
Masterplan launched in July.
“The SME Masterplan Plan aims to
enhance the contribution of SMEs to the national economy and elevate the
industry to greater heights,” he told reporters after opening the
annual One District One Industry Showcase 2012 in Ayer Keroh.
This
year's showcase, participated by 500 exhibitors including those from
India and Cambodia, is targeting cash sales of RM10mil against RM4.5mil
reaped last year.
On the showcase, Mustapa said the ministry was
targeting the products on exhibit to achieve high-quality status and
bring in more sales.
“Our aim is to place Malaysian SME products
on par with Thailand and Japan, two most premier nations for
high-quality SME products,” he said.
Mustapa said the One
District One Industry programme had received accreditation from the
Economic Planning Unit to be included in the Rural Transformation
Programme.
“This accreditation proves that the programme
is very relevant and has had a significant impact on entrepreneur
development, especially that of bumiputeras. - Bernama
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