PUTRAJAYA,
July 4 (Bernama)
-- Prime Minister Datuk Seri Najib Tun
Razak today announced four high impact programmes (HIPs) under the Small and
Medium Enterprise (SME) Masterplan to accelerate the annual growth of SMEs from
6.3 per cent to 9.3 per cent.
Najib,
who is also Finance Minister, said the four HIPs -- creating a single window to
integrate business registration and licensing, SME Investment Programme, Going
Export Programme (GoEx), and Catalyst Programme -- will be implemented in
stages over the next few years.
He said
the SME Masterplan, which began in 2012, is aimed at raising SMEs' contribution
to the gross domestic product to 41 per cent by 2020.
"This
means that in the years to come, the rate of growth of SMEs needs to be raised
from 6.3 per cent to 9.3 per cent a year.
"If
SMEs expand at their usual rate or business as usual, we will not be able to
reach the target.
"The
National SME Development Council has laid down several measures that need to be
taken immediately in order to accelerate the growth of SMEs through innovation,
productivity and knowledge enhancement," he said after chairing the
Council's 16th meeting here today.
The
biannual meeting was attended by ministers and heads of agencies of 16
ministries and agencies, including from Sabah and Sarawak, that are involved in
SME development in the country.
Najib
said a single window for business registration and licensing would lower SMEs'
cost of doing business, while the SME Investment Programme would encourage the
private sector to provide early stage financing for SMEs, and under the GoEx
programme the government would enhance exports in order to raise SMEs'
participation in international markets.
"Under
the Catalyst Programme, we will identify several SMEs every year, and we will
help them to become home-grown champions with minimum annual sales growth of 20
per cent," he said.
The
HIPs will be under the International Trade and Industry Ministry and SME Corp,
he added.
Meanwhle,
Najib said strategic collaborations relating to productivity and innovation
will be forged, including involving SME Corp and Malaysian Technology
Development Corporation (MTDC) with universities and SMEs, between Germany's
Fraunhofer Institute and SIRIM Bhd, and between Steinbeis Institute and Agensi
Inovasi Malaysia (AIM).
"With
these strategic collaborations, SME operators will be able to get help with
commercialising their products," he said.
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated
in Singapore since 1994.
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