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CPEC has immense potential for SMEs sector: SMEDA

CPEC has immense potential for SMEs sector: SMEDA

LAHORE: China Pakistan Economic Corridor (CPEC) is bringing in 50 mega projects in Pakistan, which will provide innumerable business opportunities to SMEs (Small and Medium Enterprises) creating thousands of new jobs, thus curbing poverty and achieving the ultimate goal of economic prosperity in Pakistan.

It has been observed in a presentation compiled by Small and Medium Enterprises Development Authority (SMEDA) for awareness of the Chambers of Commerce and Industry on the CPEC.

The Presentation disclosed that out of 50 projects, 12 belong to infrastructure, eight to Transport and 21 to the power generation.  Whereas, the rest of nine are being set up as Special Economic Zones.  According to SMEDA sources on Tuesday, SMEDA has launched a move to make the business community aware of the opportunities carried by CPEC.

In this regard, SMEDA teams led by Provincial Chiefs of Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan have started visiting Chambers of Commerce and Industry situated in the respective regions.

A meeting of this series was arranged by SMEDA-Sindh team the other day at Sukkar Chamber of Commerce and Industry. Mukesh Kumar, Provincial Chief Sindh, giving the presentation based upon SMEDA research, informed that CPEC was the World’s largest economic project, which was being set

up in Pakistan under China’s Mega Plan “One Belt, One Road” (OBOR). There were over 50 mega economic projects to be completed in Gwadar and other cities of Pakistan, which would yield a lot of SMEs alongside OBOR and

CPEC, SMEDA experts said and urged the SME community to get prepared for availing of the opportunities emerging under the mega economic development plan being implemented jointly by the governments of Pakistan and China.

Meanwhile, SMEDA CEO Fuad Hashim has urged the provincial offices of SMEDA to expedite the CPEC awareness move and also include the business

and trade associations of SME sectors in it so that the benefits of this mega projects can be transferred down to the gross root level.