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September 22, 2018

MSME products from Shan, Kayah states exhibited in Taunggyi

Vice President U Myint Swe views handicrafts from Kayah State exhibited in Taunggyi. Photo: MNA
Vice President U Myint Swe views handicrafts from Kayah State exhibited in Taunggyi. Photo: MNA

An exhibit of local products made by local micro, small and medium-sized enterprises (MSMEs) in Shan and Kayah States was opened yesterday in Taunggyi by Small and Medium Enterprises Development Committee (SMEDC) Chairman Vice President U Myint Swe.
Speaking on the occasion, Vice President U Myint Swe called on local MSMEs to seize the opportunity of getting help for technology and market information through discussions with officials of the departments concerned and experts during the exhibition.
“Local MSMEs should prepare to be able to grasp the opportunities brought by the exhibition and to exhibit significant and strong points of their products. Local MSMEs are urged to make the best use this opportunity to attract customers, to find markets, to improve the quality of their products and to improve their creative thinking,” said Vice President U Myint Swe.
“The State is giving priority to development of MSMEs and is assisting in promoting human resources, technology transfer and good services and quality of products so that they can produce marketable products which can compete with imported products,” he added.
As SME development agency meetings are being held during the exhibition period, practical assistance and support for the development of SMEs in the region could be done through discussions and coordination between stakeholders and MSME businesses. Kayah State and Shan State are agro-based states exporting agricultural products.
The two hilly states also possess cultural heritage and natural beauty that has resulted in some tourism to the area.
The two states possess favourable infrastructure, transportation, sufficient power supply and peace and stability, all necessary for the development of industry and economy, said the Vice President.
MSMEs in Myanmar need to strive for expanding their markets from local to foreign and need to know marketable quality, packaging and design.
The Vice President also urged the MSMEs in Myanmar to apply digital technology in their businesses when they carry out trading and services.
Furthermore, by conducting research, innovation and increasing of sales through cooperation with relevant departments, quality marketable products should be produced. Relevant departments would also assist and support in creating new markets.
Present at the ceremony were SMEDC Vice Chairman Union Minister U Khin Maung Cho, Union Minister for Commerce Dr. Than Myint, Chief Minister of Kayah State U L Phaung Sho, Chief Minister of Shan State Dr. Lin Htut, members of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) President and members, work committee members, departmental officials, technicians, experts, MSME business owners and officials
The first exhibition and competition jointly organized by MSMEs from Mandalay Region and Kachin State was held in Mandalay on 23 February 2018.
The second exhibition and competition jointly organized by MSMEs from Magway Region, Chin State and Rakhine State was held in Magway on 24 March 2018.
The third was held in Ayeyawady Region in May.
Exhibitions of MSME products and Regional Award competitions will continue to be held state- and region-wise.
In the Regional Award competition, first, second and third prizes will be presented according to business sizes: micro, small and medium.
At the final closing ceremony of the competition, winners of the Regional Awards will be presented with a union-level recognized Regional Award.
With regards to the economy, the State economic policy includes supporting and assisting MSMEs that create jobs and support economic development, in addition to the State privatizing enterprises that could be reformed.
Following the ceremony, Vice President U Myint Swe visited the exhibition and attended a ceremony to open an SME Centre held at the SMIDB Bank in Taunggyi.—Myanmar News Agency

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