The Ministry of State has emphasized the importance of public sector industries giving priority to Micro, Small, and Medium Enterprises (MSMEs) when purchasing raw materials. This move aims to support and promote the growth of MSMEs in the country.
The Ministry of State believes that by prioritizing MSMEs in the procurement of raw materials, public sector industries can play a key role in boosting the MSME sector. This will not only help in creating a more conducive environment for MSMEs to thrive but also contribute to the overall economic development of the country.
By sourcing raw materials from MSMEs, public sector industries can help in increasing their market access and providing them with a steady source of income. This, in turn, will enable MSMEs to expand their operations, create more job opportunities, and contribute to the development of local communities.
The Ministry of State’s directive highlights the government’s commitment to supporting MSMEs and recognizing their importance in the economy. It also underscores the need for public sector industries to actively engage with MSMEs and provide them with opportunities to grow and succeed.
Overall, prioritizing MSMEs in the procurement of raw materials is a step in the right direction towards creating a more inclusive and sustainable business environment in the country. It is hoped that this initiative will lead to increased collaboration between public sector industries and MSMEs, ultimately benefiting both parties and the economy as a whole.