Small and Medium Enterprises Development Authority, Lahore Chamber of Commerce and Industry sign deal to build up a platform for small and medium enterprises development

Lahore, September 27, 2013 (PPI-OT): The Small and Medium Enterprises Development Authority (SMEDA) and the Lahore Chamber of Commerce and Industry (LCCI) inked a Memorandum of Understanding (MOU) today to build up a platform for SME development initiatives and forging an effective relationship between private and public sector to explore avenues for SMEs development in the country. The manuscript of the MOU was signed by Sardar Ahmad Nawaz Sukhera, CEO SMEDA and Mr. Farooq Iftikhar, President LCCI.

The signing ceremony was attended by Mr. Sultan Tiwana, GM-Business and Sector Development and Mr. Alamgir Chaudhry, GM-Outreach of SMEDA. Whereas LCCI president was accompanied by former President Mian Misbahur Rehman, Mr. Rehmatullah Javaid, Engn. Mumshad Ahmad and the newly elected VP Mr. Kashif Anwar on this occasion.

Under the MOU, both organizations shall take concrete steps to define the terms of co-operation between the two organizations for extending their cooperation, resources and expertise to each other for promotion and development of projects relating to their mutual objectives

The MoU will help supplement LCCI and SMEDA’s strength in developing comprehensive database of SMES, conducting SME related research and formulating an annual calendar of capacity building activities. Moreover, two spate series of co-branded awareness seminars on “Off-Grid Energy Solutions” and IP Rights will be launched and the LCCI FM Radio will also be used to spur such awareness initiatives.

Under the MoU, both the organizations have agreed to develop a comprehensive program enabling SMEs to access trade leads by using the e-platform developed and operated by SMEDA. A joint team of representatives of both the parties will be formulated for identification and execution of the proposed program.

Both the organization will facilitate Representation of their relevant officials on their standing committees, particularly on the committees for Policies and Regulations.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprise Development Authority (SMEDA)
6th floor, LDA Plaza, Egerton Road, Lahore
Tel: 111-111-456
Fax: (042) 6304926

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