Strive to increase the number of products in MSME businesses

Micro, small and medium enterprises (MSMEs) are a key driving force for national economic development and also provide essential support to a country’s overall growth. Therefore, efforts will be made to promote the development of MSMEs and their products.
Therefore, in celebration of the 79th Anniversary of Union Day, a Union-level MSME product exhibition and fair will be held at the Nay Pyi Taw square from 8 to 13 February. The exhibition and sales fair will include 15 booths representing the Nay Pyi Taw Council, regions and states. In addition, a total of 124 booths will be featured, comprising booths from ministries, enterprises, trade and business networking, technology booths, agricultural machinery and product booths, small-scale manufacturing and production cooperative booths, as well as association booths.

To promote the development of MSMEs and MSME products, the State has been providing comprehensive support measures, including technology transfer, inviting participation in trade fairs, organizing and awarding prizes at local product exhibitions and competitions, facilitating the scaling up of enterprises, establishing online market platforms, assisting access to international production and trade networks, and facilitating access to loans to meet financing needs. Accordingly, MSME operators are urged to continue making sustained efforts and actively engage in these initiatives.

At the MSME product exhibition and fair, the participating booths will be systematically arranged to enable a diverse display of MSME products, locally produced goods, agricultural products, machinery, and industrial products, categorized by booth type. In addition, the MSME product exhibition and fair will feature micro-, small- and medium-scale products, including food and beverage items, consumer goods, handicrafts, textiles and garments produced by small-scale manufacturing enterprises, as well as products from production cooperatives. Products under the “One Region, One Product” (OROP) initiative from each of the 15 states and regions will also be showcased.
Efforts should be made to enable the agriculture and livestock sectors to produce value-added products and export them internationally. With regard to products and market competition, products of the same type should be offered at lower prices, or, if prices are the same, be of better quality. Products should be manufactured in line with market demand, while continued efforts will be undertaken to produce high-quality goods that are suitable for export to international markets.
There are four key requirements for MSMEs: raw materials, investment capital, inputs, and human resources. If locally produced agricultural and livestock raw materials are utilized by MSMEs to manufacture products and thereby enhance domestic production, this will help support the growth of the local economy.
To promote the development of MSMEs and MSME products, the State has been providing comprehensive support measures, including technology transfer, inviting participation in trade fairs, organizing and awarding prizes at local product exhibitions and competitions, facilitating the scaling up of enterprises, establishing online market platforms, assisting access to international production and trade networks, and facilitating access to loans to meet financing needs. Accordingly, MSME operators are urged to continue making sustained efforts and actively engage in these initiatives.

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