Developing countries are dealing with a list of challenges, including the prevailing informality of SME, reduced tax collection, problems in acquiring loans for SME investment because of the informality and the low application of the digital economy of many SMEs.
TATA, second biggest employer in India provided a brief overview of the opportunities for SME to cooperate as a supplier and distributor – the former having problems with product quality and products flows, while the latter is struggling with logistics and timely delivery. TATA has embarked on a more environmentally friendly production approach because TATA production and products are responsible for about 70% of India’s pollution in a wider sense.
In general, many SDGs could be considered by the private sector, including regulations for public procurement through SMEs. Argentina and Islamic Development Bank are working on suppliers’ development programmes through technical and financial assistance as SME capacity building in line with SDGs. The issue of cost-benefit analysis of SME capacity building and the impact on product prizes were not discussed in more detail.