MSMEs need to improve efficiency, productivity-A A +A
Monday, August 11, 2014
MICRO, small and medium enterprises (MSMEs) need to improve their efficiency and productivity to be able to compete both in the local and global markets.
National MSME Development Council vice chair and private sector representative Mary Ann M. Montemayor, in an interview at the sidelines of Kapehan sa Dabaw at SM City Davao Annex yesterday, said improving one's efficiency and productivity is needed for local MSMEs to be at par with other players in the global market, particurly in the wake of the 2015 Asean Economic Community.
"For example other Asean countries are highly mechanized as compared to us. That is why we are really harping on making sure that whatever is available in other countries is also available here. Those things are being addressed," Montemayor said.
She said this is being made possible through the harmonization of different agencies like Department of Science and Technology and Department of Trade and Industry (DTI).
"This integration between government agencies is done to ensure MSMEs are being assisted in improving their efficiency and productivity and it is raised to a certain level at par with Asean countries [and the global market]," Montemayor said.
She also said that access to finance and to the markets is also needed to boost and improve a MSME's efficiency and productivity.
For her part, DTI 11 Trade and MSME Development division chief Marie Anne J. How said they are assisting MSMEs through various training programs like the SME Roving Academy (Smera).
"We have a lot of trainings for improving the productivity of the MSMEs. One is training of good manufacturing practices," she said.
Montemayor said improving the MSME's efficiency and productivity will also be tackled during the upcoming National MSME Summit set on August 20 to 21 at the SMX Covention Center, SM Lanang.
In terms of access to finance, they will be bringing in bankers and cooperatives to also speak at the event.
Published in the Sun.Star Davao newspaper on August 12, 2014.