In spite of encountering a droop when the COVID-19 pandemic started, the miniature, little and medium ventures showed improvement in the second quarter of 2021, Minister of Cooperatives and Small and Medium Enterprises Teten Masduki shared that this is aslo upheld by various government strategies in helping MSMEs during the troublesome occasions of the COVID-19 pandemic. This is what Masduki said during the sixth International Conference on Management in Emerging Market 2021 which was held for all intents and purposes.
Consequently, This year, the occasion was held under the subject Supporting New Business Landscapes to Embrace the Next Normal. This occasion was coordinated by the Bandung Institute of Technology (ITB) School of Business and Management (SBM) as a team with Mara Technology University, Yamaguchi University, MDI Ventures, and the IEEE Indonesia Section.
MSME players face a few difficulties because of the COVID-19 pandemic. These remember troubles for acquiring capital and in getting to capital from banks, and issues in getting crude materials because of decreased stock, Minister Teten said on the event.
With help from the public authority, MSMEs could beat these difficulties. Help from the public authority included duty alleviation, unwinding of bank advances, the capacity to utilize computerized innovation to extend the market, he said.
At the point when MSME players can exploit advanced innovation, their item market can be sent out. Along these lines, the Ministry of Cooperatives and SMEs is additionally uplifting MSMEs to further develop their item quality with the goal that they can be acknowledged in the worldwide market.
In the mean time, Director of SMESCO Leonard Theosabrata added that Indonesian SMEs should have the option to win worldwide contests to make due in the new typical.
Morever, Indonesian SMEs should exploit the uniqueness of Indonesian culture in making items to win the opposition, Leonard recommended. SMESCO energizes the utilization of this technique for youthful Indonesian business people.
In the interim, the Dean of SBM ITB, Utomo Sarjono Putro trusted that “The sixth International Conference on Management in Emerging Market 2021” would be a coordinated effort between scholastics, government, and professionals in creating thoughts that can help SMEs in the new ordinary.
The occasion was additionally introduced by the Rector of ITB, Professor Reini Wirahadikusumah and went to by members from different nations. Aside from Indonesia, members from the United States, Japan, Australia, Thailand and the Netherlands went to the occasion.