Entrepreneurs in Bangladesh voiced concerns over the impediments stifling the growth of Small and Medium-sized Enterprises (SMEs) in the country. At a seminar called ‘Technology for Smart SMEs’ organized by the Dhaka Chamber of Commerce & Industry (DCCI), they highlighted key issues hindering progress.

The seminar underscored the pressing need for improved access to financing, enhanced digital engagement, and better infrastructure for SMEs to thrive. Speakers stressed the importance of technology transfers and the development of skills and capacities for empowering these enterprises.

Managing Director Md Saifur Rahman of GBL Limited highlighted Bangladesh’s current rankings in entrepreneurship development and global innovation, urging immediate improvements in these areas, as the country stands at 84th and 105th, respectively.

DCCI President Md Sameer Sattar pointed out that despite contributing 25% to the GDP, SMEs face fundamental challenges such as limited access to finance, connectivity in supply chains, skill diversity, and insufficient advanced technology hindering their growth.

Suraiya Alam, owner of Suraiya Fashions and a member of DCCI’s SME standing committee, expressed dissatisfaction with the support from current government agencies, advocating for a separate ministry to facilitate the sector’s operations more effectively.

Secretary of the Information and Communication Technology Division, Md Shamsul Arefin, stressed the importance of good governance in benefiting the private sector with easy and hassle-free government services. He highlighted the significance of comprehensive SME sector data for informed governmental decision-making, identifying the CMSME sector as a primary driver of the country’s economic growth.