Monday, July 9, 2012

SME Masterplan Will Define Direction For Next Eight Years

Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=679151

Published: on 09 July 2012

KUALA LUMPUR, July 9 (Bernama)-- The SME MASterplan 2012-2020, to be unveiled on July 12, will define the direction where small and medium enterprises should be in the next eight years to achieve the sector's target to raise its gross domestic product contribution to 41 per cent from 32 per cent currently.

International Trade and Industry Deputy Minister Datuk Mukhriz Tun Mahathir said the innovative segment was an important target area for SMEs.

"The MASterplan will clearly define where we want to be in the next eight years. Once we have that kind of direction, SMEs can know what to expect," he said at a press conference after the offical launch of SME Recognition Award 2012.

He said incentives would continue to be given to SMEs to assist them in achieving growth and objectives.

Mukhriz said there were two major funds given to SMEs allocated under the Budget 2012.

-- BERNAMA

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