Mon, 29 Nov 2021 Today's Paper

Microsoft Sri Lanka helps SMEs maximize productivity and expand business capabilities

28 June 2019 04:14 pm - 0     - {{hitsCtrl.values.hits}}

A A A

An imperative for digital innovation in Sri Lanka has helped small and medium enterprises (SMEs) realize that they must embrace digital transformation to engage with their key stakeholders to maintain relevance, reach new customers and drive the conversation. However, few realize how fast the change needs to happen, or how transformational it needs to be.

The Ministry of Industry and Commerce has identified SMEs as a strategic sector in the Government’s overall policy objectives. The vast majority of SMEs are believed to be a driver of change for inclusive economic growth, regional development, employment generation, and poverty reduction. 

SMEs account for more than 75% of the total number of enterprises in Sri Lanka, provides 45% of the employment and contributes to 52% of the Gross Domestic Production (National Policy Framework for Small Medium Enterprise Development, Ministry of Industry and Commerce). They also promote broad-based equitable development and provide more opportunity for female and youth participation in the economic development of the country.  

In a bid to support the national agenda and implement measures to boost growth in this sector, Microsoft has gone to great lengths to help local SMEs with access to funds, technology, and the technical know-how to expand their enterprises.

 

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Focus on Laggala Gem mining big shots bigger than the law

The truth is now being uncovered regarding an illegal mining racket in state

How and why the TNA was formed twenty years ago

The Tamil National Alliance (TNA) is now twenty years of age. The premier pol

India lays emphasis on culture diplomacy with Sri Lanka

Indian Prime Minister Narendra Modi wanted to inaugurate the Kushinagar Inter

Bittersweet memories of a ‘City that never slept’

At the heart of Eastern Province lies a now abandoned ghost town punctuated w