Ministry targets SMEs contribution to GDP to jump to 42 pct

ALOR GAJAH, Sept 29 (Bernama) – The Ministry of Entrepreneur Development is targeting to boost the small and medium enterprise (SME) sector’s contribution to the nation’s Gross Domestic Product (GDP) to 42 per cent next year from the current 37 per cent. Its Minister, Mohd Redzuan Yusof said although the target was not very encouraging, the ministry was confident that it could be achieved if SME entrepreneurs were to start preparing themselves, especially in facing the fourth industrial revolution (Industry 4.0).

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