Boost for SMEs
ONE hundred and fifty small and medium scale enterprises (SMEs) in Kedah had the opportunity to interact with each other and meet various government agencies and institutions in a one-day seminar held in Sungai Petani.
The seminar was held at a hotel by the Northern Corridor Implementation Authority (NCIA).
“It is our aim to create awareness for operators of the SME the assistance that they could obtain from government agencies and financial institutions to expand their operations,” said NCIA chief executive Datuk Redza Rafiq in a recent statement.
He said that NCIA’s role among others, was to facilitate the financial support, build infrastructure, find new markets and locations for SMEs to further develop their niche.
On a similar note, Redza said that NCIA during the same function signed two memorandums of understanding with Malaysian Debt Ventures Berhad (MDV) and the Cradle Fund Sdn Bhd (Cradle).
He said that the two agreements would allow MDV and Cradle to play important roles in assisting SMEs in the northern region to grow.
Both companies would provide management expertise, financial support and networking prospects to the SMEs.