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Consensus on approach to micro-enterprise development lacking - Fontgalland

The road map for re-building the coastal economy is not yet in place even six months after the tsunami due to the lack of national consensus on the approach to development of micro enterprises said Guy de Fontgalland, President, Aquinas South Asian Regional Institute of Management (ASARIM), at the Pan Asia Forum on Capacity Building for Microfinance in Crisis Situations held in Colombo recently.

He said that Corporate Linkage Programs (CLP) to Micro enterprises through Micro finance is a fast tracking recovery strategy and ASARIM is striving towards adoption of a national approach for economic regeneration of the tsunami affected coastal belt of Sri Lanka.

He said that CLP is about linking medium and bigger enterprises to the micro and small enterprises in a sustainable partnership arrangement for production, transport and marketing. It is a formalised arrangement between a small supplier and manufacturer to supply certain goods or services to a bigger and better established business, on a pre- agreed quality, quantity and time frame. There are many advantages for the bigger enterprises in developing CPL with a number of smaller enterprises.

Outsourcing for production or service reduces company's cost of infrastructure for manufacturing, reduces pay roll and residual costs of employing labour and management, allows expansion of business without direct investment on manufacturing or service facilities, are some of them.

He pointed out that in the post tsunami reconstruction and re-development program, there are a number of micro and small businesses which could be started and linked to bigger companies.

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