LAHORE (News): The Small and Medium Enterprises Development Authority (SMEDA) will extend full support to develop SMEs in Gilgit-Baltistan through exploitation of regional development potential of the province on fast track basis.
This assurance was given by Ahmad Nawaz Sukhera, chief executive officer of Smeda in a meeting with Sajjad Saleem Hotiana, chief secretary Gilgit-Baltistan at SMEDA head office on Monday.
He said that tourism, minerals, small hydel and horticulture sectors have a great potential to spur economic development process in Gilgit-Baltistan.Sukhera expressed the hope that SMEDA, by developing sectoral strategies for the province, would be able create new SMEs. The SME development plan would also help fill the missing links in value chain of the potential SME sectors of Gilgit-Baltistan, he added.
Earlier, Hotiana identified regional potentials for economic development by identifying tourism, minerals, horticulture and small hydel projects as the priority sectors in the region.He assured that Smeda teams, working on the SME development of his region, would be provided with the best possible collaboration and cooperation between Smeda and the local stakeholders of the SME sector.