CMR, Indian group Indo Corp to boost SMEs

An agreement was signed Thursday between the Government and the private Indian group Indo Corp. to implement this method of accompaniment of SMEs in Cameroon.

500 000 jobs may result from the implementation of the agreement signed Thursday in Yaounde between the Ministry of small and medium-sized enterprises, social economy and handicrafts (Minpmeesa) and the private Indian group Indo Cameroon.

The agreement aims to strengthen the SMEs sector in Cameroon in promoting their emergence and their coaching. To do this, the implementation and animation of incubation centres and training as well as the follow-up of SMEs and SMIs incubated during their development phase is expected. "The incubation system is very important in the construction of a competitive economy.

We lack equipment and technicians and Indo group comes with all these up-to- date equipment will be an added advantage. "Indo Corp has simplified the industrial procedures, managerial and even agricultural ", explained the Minister Laurent Serge Etoundi Ngoa. Thus, a business incubator is a reception and accompaniment of business creation projects.

It offers them training, advice, funding and research funding support. "The convention is to implement a program generalized to match the level of our country in the area of incubators: the national program incubation and competitiveness of SMEs", said Minpmeesa.

The policy of business incubators began at the École nationale supérieure polytechnique (Ensp) at the University of Yaoundé I. Prof. Charles Awono Odell, Director of the Nphs, said: "an incubator has been installed in the Nphs to train 10,000 Cameroonians in the process of computer-aided design.

We already have more than 200 trained." With the signing of the convention, the Government intends to expand the program to different universities in the country to mobilize the strength of local production by adapting it to the requirements of global competition.