KUSKOP seeks increased Budget 2025 allocation to empower SMEs

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KUSKOP seeks increased Budget 2025 allocation to empower SMEs
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KUALA LUMPUR: The Entrepreneur Development and Cooperatives Ministry (KUSKOP) hopes for increased allocations to empower small and medium enterprises ...

The Entrepreneur Development and Cooperatives Ministry deputy minister Datuk R. Ramanan - BERNAMApix: The Entrepreneur Development and Cooperatives Ministry hopes for increased allocations to empower small and medium enterprises through Budget 2025.

“As the backbone of the national economy, we hope to upgrade SMEs in the country and offer them business opportunities, not only domestically but also internationally. He told reporters this at the Memorandum of Understanding exchange ceremony between KUSKOP and 10 new and existing anchor companies for the implementation of the Vendor Development Programme here today.Meanwhile, Ramanan urged vendor companies to enhance their performance and capabilities without relying entirely on assistance from anchor companies.

“At the same time, I encourage anchor companies to join the government in developing suitable programmes for new entrepreneurs who have the aspiration and capability to become suppliers or vendors to the anchor companies,” he said.

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