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First Micro Small and Medium Enterprises Enhancement (MSME) Program

Today the government launched its first Micro Small and Medium Enterprises Enhancement (MSME) Program.  The program aims to reduce the cost of doing business and creating greater operational efficiency, while strengthening the competitiveness of the MSME Sector. The benefits will include the enhanced customs and trade, facilitating measures on select packaging and labelling materials.  The shortlist of packaging and labelling materials include items such as, but not limited to, adhesives, plates, sheets, film, foil, tape, strip, boxes, cases, crates, spools, bobbins, stoppers, pallets, bags, jars, tanks, casks, drums, cans, staples, ribbons, bottles, lids, caps, labels, and packing or wrapping machine.  Following today’s launch, the Ministry of Investment, Trade and Commerce along with its partners will facilitate a series of countrywide road shows to sensitize MSMEs on the application process and benefits and at the same time expand the formal base. Today’s launch was a collaborative effort of the Ministry of Investment, Trade and Commerce, BELTRAIDE, the Economic Development Council, the Customs and Excise Department and other stakeholder partners.