Confederation of Micro, Small and Medium Industries (COSMI), Sri Lanka.
International Trade & Development - Colombo, Western Province, Sri Lanka
Confederation of Micro, Small and Medium Industries (COSMI), Sri Lanka. Employees
Confederation of Micro, Small and Medium Industries (COSMI), Sri Lanka. Details
SMEs are universally regarded as the back-bone of the economy, and the basis for its sustained growth. Irrespective of the stage of development or size of the economy of a country, MSMEs are the arteries of the economy, particularly in the case of a developing country. For any business, its survival depends on the ability to adapt fast and continue to innovate in a dynamic socio-economic landscape. A key factor behind the resilience of the MSME Industry could be that it serves as a hive for innovation. Besides this, a manageable size endows SMEs with the agility to survive even the most arid economic climates. In the case of an individual MSME, survival depends on their response time to external environmental changes. This results in many casualties in the long haul. But for those that take the bow, new and enthusiastic MSMEs emerge to fill in the void.A key advantage of the MSME industry is their intricate and informal information network which serves as a lifeline providing much needed business intelligence to survive in a dynamic business climate. As a result, MSMEs become versatile navigators in rough seas, as their size allows flexibility to make the required leap.COSMI's vision is to empower Sri Lankan MSMEs in the industrial sector and thereby accelerate growth in the National Economy.The mission is to revive, empower and promote MSMEs in the Industrial Sector through;- Advocacy,- Access to finance,- Capacity development,- Business process improvement,- Technology upgrade & automation,- Common marketing platform,- Supply-chain and industry linkages, - International Trade, and- Legal and Regulatory awareness.
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