A small and medium enterprises (SMEs) trade fair will be launched in the third week of February, said Daw Aye Aye Win, Director General of the department of small and medium, Directorate of Industrial Supervision and Inspection Department (DISI), operating under the ministry of industry.
The trade fair will be held in 10 states and regions, including the Mandalay, Magwe and Yangon regions.
An SME competition will also be held at the trade fair, and the national award will be presented in Nay Pyi Taw.
“Recently, our country has been importing many products. Therefore, we want to promote domestic production to replace foreign imports. To match our products with the foreign ones, we have to focus on the quality, brand, packaging and price of our products. We will launch the trade fair to encourage SMEs to produce more import substitution products,” she added.
All the SMEs from across the country are allowed to compete in the fair. Three prizes each will be awarded to micro-level, medium-level and small-level winners.
“Previously, the advertising cost for the products was high. Displaying their products at the trade fair can help them save money. Also, it can serve as a forum for businessmen to exchange their knowledge,” she added.
SMEs make up some 90 per cent of the businesses in Myanmar. Of them, some 64,000 SMEs have registered, while the remainder have yet to register.
May Thet Hnin