Stakeholders

Published on Thursday, 21 August 2014

Different Stakeholders are trying to promote the Light Engineering Sector of Bangladesh through their dedicated efforts and interventions. The most contributing organizations are as follows:

 

SME Foundation

The government established the SME Foundation - Highest Government Institute for country?s SME promotion and development in 2007. It is facilitating SME entrepreneurship reaching sustained development by providing leadership in enabling policy advocacy and driving to improve technological and organizational innovation and capacity building. SME Foundation has listed light engineering sector in its "Booster Sector List"

For more information, visit www.smef.org.bd

 

IFC-SEDF

IFC-SEDF is a multidonor funded facility managed and operated by IFC.? One of 11 such programs managed by IFC worldwide, the facility is set up to promote the growth of SMEs in the region.? IFC-SEDF is jointly funded by IFC, the governments of the Netherlands and Norway, the European Commission, DFID (UK), CIDA (Canada), and the Asian Development Bank. It provides increased access to finance and quality business development services to projects in Bangladesh, Bhutan, northeast India, Maldives, Nepal, and Sri Lanka. IFC-SEDF also works to create a business-enabling environment and supports value addition to firms through sector development, advisory services, capacity-building programs, training and research.

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For more information, visit www.sedf.org.

 

LEPBPC

The Light Engineering Sector (LES) is an important manufacturing sector of Bangladesh that provides strong support to the economy. With a view to promote the light engineering sector of the country, the Ministry of Commerce has formed a Council on March 04, 2004 called "Light Engineering Product Business Promotion Council" (LEPBPC) with the partnership of public and private sector. Honorable Secretary, Ministry of Commerce is the ex-officio Chairman of the Council, while Vice Chairman of Export Promotion Bureau (EPB) is the 1st vice chairman and President; Bangladesh Engineering Industry Owners Association (BEIOA) is the 2nd vice chairman of the 25-member council. Other business association related to LES is the member of the council.

The prime objective of the council is to promote the sector to achieve competency in the local and global context as well as to help the industry in building capacities in the fields of human resources and technology.

 

LEPBPC is closely working with the industry to promote export and local business of engineering products and related services. It has carried out several activities such as competency assessment surveys on light engineering sector, printing promotional material (sales kit), capacity development training workshops, countrywide awareness programs on promotion of light engineering products and industries, enhancement technical and financial capability of the engineering industries through organizing seminar/workshop, etc.

 

BUET

Bangladesh University of Engineering and Technology (BUET) has been rendering support and assistance for the development of LES. Institute of Appropriate Technology (IAT) of BUET has been working very closely with LES to develop the sector for the last for decades through rendering technical advisory services and assistances, organizing need-based training programs and introducing new technology matching the needs of LES in terms of technical competence, quality, price and marketing aspects.

 

FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is the apex representative organization safeguarding the interest of the private sector in trade and industry in Bangladesh. BEIOA as a national trade body is a very important member of FBCCI. And BEIOA takes part in every effort of FBCCI in fostering country?s private sector, particularly SME sector.

 

KORTA

KOTRA came into being as the Korea Trade Promotion Corporation, a nonprofit governmental organization established June 21st, 1962 to promote Korean trade and investment. For the last couple of years, KOTRA has been doing very extensive job for the local light engineering sector by arranging Trade & Technology Mission and buyer-seller meeting.

 

TTC

Taiwan Trade Center is bridging between the communities of two regions. TTC is an organisation with the objectives of promoting and developing trade and investment relations with other countries. For the last couple of years, entrepreneurs of local light engineering sector are getting extensive supports from TTC in the areas of Trade & Technology Mission, buyer-seller meeting and technology transfer.

 

BSCIC

Bangladesh Small and Cottage Industries Corporation (BSCIC) provide a package of services to private sector entrepreneurs in Bangladesh in the small and cottage industries sector. Many BEIOA memebrs set up their industreis in BSCIC Industrail Parks.? Currently, BEIOA had a MoU with BSCIC for establishing a Monotype Industrial Park, exclusively for light engineering sector.

 

BITAC

BITAC Established in 1962 by merging the IRDC (Industrial Research & Development Center) and the IPS (Industrial Productivity Services) as PITAC (Pakistan Industrial Technical Assistance Center), the organization was renamed BITAC after independence. Since its inception, it has been working as Centre of Excellence for local metal processing industry by providing training and technological assistances. BEIOA and BITAC are Jointly working for development of local light engineering sector since long.

 

NPO

National Productivity Organisation (NPO) is a Government department under the Ministry of Industries established in 1989. It is a national level specialized organisation to promote productivity and take the economy forward. BEIOA and NPO are jointly implementing various activities including training, workshop, seminar and development of productivity cell for enhancing productivity of LES.

 

IFC

IFC, a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC?s vision is that people should have the opportunity to escape poverty and improve their lives. In FY07, IFC committed $8.2 billion and mobilized an additional $3.9 billion through syndications and structured finance for 299 investments in 69 developing countries. IFC also provided advisory services in 97 countries. For more information, visit www.ifc.org.