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Follow on Google News | Chittagong Business Leaders seek Policy Support for Bangladeshi SMEsEminent business leaders of Chittagong in Bangladesh recently urged the country’s major commercial banks to provide credit to small and medium enterprises (SMEs) in the country.
By: David Parks The seminar was organised by the Chittagong Chamber of Commerce and Industry (CCCI). It was an initiative undertaken by the Dhaka Chamber of Commerce and Industry (DCCI), German-based SEQUA and Belgium-based DEBELUX with a view to promote Bangladeshi SMEs. During the seminar, speakers also identified some of the major impediments on the road to development for SMEs. Reluctance of commercial banks to lend money to SMEs owing to the general perception of risk in lending money to this segment and higher administrative costs were pointed out as some of the factors that impede the SME sector’s growth. For more information visit: http://www.bizxchange.in Write to us at BizXchange C/o Saurabh Garg 2nd floor, Response Times of India Bldg. Dr.D.N. Road, Fort Mumbai-400001 # # # Bizxchange provides a platform that will serve it?s members in three distinct ways: * Access to host of suppliers for buyers seeking to source products or services. Likewise allows suppliers promote their business products to prospective clients and thereby increase sales. * Knowledge empowerment ?highly relevant and crucial information concerning their business, industry and economy. End
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