Ministry lists four keys to promote inclusive business

Ministry lists four keys to promote inclusive business

The Advisor to the Cooperatives and SMES Minister for Inter-Institutional Relations ​​​​​​​Luhur Pradjarto in The 5th ASEAN Inclusive Business Summit October 26 to 27, 2022, in Siem Reap, Cambodia. (ANTARA/HO-Humas KemenKopUKM)

Jakarta (ANTARA) - Cooperatives and SMEs Ministry detailed four main keys in promoting inclusive business in the ASEAN region.

First, coaching and mentoring as means to support the transition towards inclusiveness in businesses. Secondly, the crucial role of digital transformation and green economy for inclusive business in achieving the Sustainable Development Goals (SDGs).

"Thirdly, the importance of partnerships between MSMEs and big businesses in expediting MSME participation in the supply chain," the Advisor to the Cooperatives and SMEs Minister for Inter-Institutional Relations, Luhur Pradjarto said in an official statement received here on Sunday.

Fourth, being forming an inclusive entrepreneur as first measure in establishing inclusive business.

Pradjarto said that inclusive business was necessary effort to eradicate extreme poverty and face global issues.

"(When we) talk about inclusive business, (we talk) about how a business possess the awareness to give actual impact on the Bottom of Pyramid (BoP) in facing global economic challenges," he added.

He said it was also important to form a Public-Private Partnership (PPP) which would support economic recovery into a more sustainable, inclusive, and resilient one in the future.

Moreover, innovation was a factor for business development in all sectors that could contribute to the global value chain.

He stressed that as the host of the 6th Inclusive Business Summit, the ministry was committed to constantly pursue promotion of inclusive business in the ASEAN Region.

"Several strategic partners including UNESCAP, iBAN, OECD have also (responded positively) and stated they are ready to collaborate with the Cooperatives and SMEs Ministry under the 2023 Indonesia Chairmanship of ASEAN," he stated at the 5th ASEAN Inclusive Business Summit, October 26 to 27, 2022, in Siem Reap, Cambodia.

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