SMEF plans to set up cluster industrial park
Monday, 27 April 2009
FE Report
The Small and Medium Enterprise Foundation (SMEF) plans to set up a co-located cluster industrial park for some selected sub sectors like light engineering, electrical machinery and plastic.
The SMEF recently signed a Memorandum of Understanding (MoU) with International Finance Corporation (IFC) to carry out a pre-feasibility study of the proposed industrial park, sources said.
According to the MoU, the total cost for the project has been estimated at $300,000, which includes $200,000 for a pre-feasibility study for the co-located industrial park and $70,000 for capacity building programme for SMEF and the industrial park.
The cost also includes $30,000 for study visits for officials of the SME Foundation.
"The core objective for signing the MoU between SMEF and IFC is to lay the groundwork for the establishment of a co-located cluster industrial park for selected sub sectors like light engineering, electrical machinery and plastic, thereby promoting the growth and development of SME in these sub-sectors," said SMEF official.
He also said the industrial park will help ensure economic use of infrastructure, smooth transfer of modern technologies, procurement of raw materials, marketing of products, capacity building and facilitate development of horizontal and vertical linkages among all stakeholders in the cluster.
The Small and Medium Enterprise Foundation (SMEF) plans to set up a co-located cluster industrial park for some selected sub sectors like light engineering, electrical machinery and plastic.
The SMEF recently signed a Memorandum of Understanding (MoU) with International Finance Corporation (IFC) to carry out a pre-feasibility study of the proposed industrial park, sources said.
According to the MoU, the total cost for the project has been estimated at $300,000, which includes $200,000 for a pre-feasibility study for the co-located industrial park and $70,000 for capacity building programme for SMEF and the industrial park.
The cost also includes $30,000 for study visits for officials of the SME Foundation.
"The core objective for signing the MoU between SMEF and IFC is to lay the groundwork for the establishment of a co-located cluster industrial park for selected sub sectors like light engineering, electrical machinery and plastic, thereby promoting the growth and development of SME in these sub-sectors," said SMEF official.
He also said the industrial park will help ensure economic use of infrastructure, smooth transfer of modern technologies, procurement of raw materials, marketing of products, capacity building and facilitate development of horizontal and vertical linkages among all stakeholders in the cluster.