KOTA KINABALU: Sabah Trade and Industry Ministry will continue to empower the small and medium enterprises (SMEs) by promoting the “Buy Sabah-made Goods” campaign in the local market as well as export promotions abroad.
Its minister Datuk Seri Wilfred Madius Tangau said the matter was important as SMEs were a crucial sector in driving the economy and businesses in a country or state, as well as contributing to increased income of the population, job creation, increasing the number of entrepreneurs and generating business activities.
“As with other countries, SMEs in Sabah contribute to the state’s economic development whereby 99% of business growth is from the small medium industry, contributing to 41% of jobs and 39% to the gross domestic product (GDP),” he said in his winding up speech for his ministry at the Sabah state legislative assembly sitting here.
For now, export destinations of Sabah SME products include China, Taiwan, Brunei, Singapore, Kuwait, Myanmar, Indonesia, Australia, The Philippines, South Korea, Nepal, Japan, Thailand, Italy and Hong Kong.
“Hence, my ministry and its agencies will continue to promote the marketing of SME products and development not only within the state but also overseas”, he said.
He added that the ministry would also develop and promote products and services in Sabah using technology in line with Industry 4.0.
“The e-commerce business to be developed by the ministry is not just about marketing SME products online but it will also become a platform for graduates of vocational and technical institutions to start their business as soon as they complete the training,” he said. — Bernama