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Cottage Industries Seek Govt Support To Overcome Challenges

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FE REPORT |
Printed:
November 24, 2021 09:46:49

Entrepreneurs within the cottage industries sought correct support from the federal government to assist flourish within the sector, overcoming challenges created by the Covid-19 pandemic.

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They have been talking on Tuesday at a nationwide workshop titled ‘From Challenges to Creativity and Innovation: Enhancing CMSME’s Resilience within the Context of Covid-19’ and prize-giving ceremony to the winners of Meals Frontiers 2021.

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Nationwide Affiliation of Small and Cottage Industries of Bangladesh (NASCIB) and the International Alliance for Improved Diet (GAIN) collectively organised the occasion at a metropolis resort.


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NASCIB President Mirza Nurul Ghani Shovon chaired the programme whereas Jo Jacobsen, programme, coverage advisor, diet, gender and M&E of World Meals Programme, and Dr Rudaba Khondker, nation director, GAIN Bangladesh have been current as particular friends.

Md Monjurul Hoque, the previous chief school member of Small and Cottage Industries Coaching Institute (SCITI) of BSCIC, introduced a PowerPoint on the problems.

In accordance to the ability level, about 25 per cent of the industries underneath the cottage, micro, small and medium enterprises (CMSME) sector have been shut within the first 5 months of the Covid-19 pandemic.

It additionally confirmed that 60 per cent of industries incurred 75 losses in promoting merchandise, and 58 entrepreneurs misplaced capability of investments due to the affect of the pandemic.

Round 34 per cent of entrepreneurs couldn’t pay rents of their establishments, whereas 16 per cent failed to pay salaries of their workers. Moreover, 29 per cent of establishments might present 50 per cent of the dues of their workers.

The advertising and marketing of merchandise was hampered because the revenue of the vast majority of individuals declined due to the extended coronavirus pandemic.

The manufacturing prices elevated in lots of circumstances due to the upper costs of uncooked supplies. For these causes, native merchandise fail to compete with the imported ones, it stated.

Entrepreneurs additionally confronted complexities in receiving funds from stimulus packages that have been supplied for Covid-19 impacted sectors. Additionally they stated small and cottage meals industries confronted challenges due to the restriction on actions of shoppers in the course of the interval.

Additionally they recognized issues just like the unavailability of applied sciences within the meals sector. They urged offering one-stop providers and simplifying the method of registration and rationalising tax and tariff methods.

Nevertheless, three enterprise establishments have been awarded in several classes within the programme.

Ghost Kitchen Bangladesh gained first prize of US$ 9,000 for enhancing the manufacturing effectivity of eating places and industrial kitchens.

The primary-ever nutrition-dense uncooked cashew nut processing resolution to guarantee diet for native and international markets, Inexperienced Grain gained the second prize of US$ 6,700.

With the technological resolution to perceive the soil and market scientifically to guarantee truthful worth for the farmers, iPAGE gained the third prize of US$ 4,300 underneath the infrastructural grant support class.

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