The role of e-commerce to enhance the competitiveness of SME in Bangladesh

Abstract

IDLC Finance limited one of renowned non-banking financial institution in Bangladesh. It started its operation at 1985 and it is the pioneer financial institution in Bangladesh. IDLC Finance Limited has different kinds of products and services. IDLC is financing in different sectors through their products and services. I have done my internship in IDLC Finance Limited in Credit Administration Department in Corporate Head Office. Being an intern in the Credit Administration department, I got the opportunity to see how the Credit Administration works with Corporate Division to achieve targets with a minimal risk. I also have the opportunity to learn how the SMEs sector financed by different Non-Bank Financial Institutions (NBFI) and the banks. In this report, I sincerely try to show the impact of Small and Medium Enterprises (SMEs) in Bangladesh economy and how it accelerate the growth of Bangladeshi economy. Moreover this report also try to identify the interrelation of E-Commerce and SMEs to get its sustainable growth. Here, how ecommerce can solve up the SMEs challenges those things are discussed. The whole report aims to identify the opportunities of SMEs in Bangladesh and how e-commerce boost the competitiveness of SMEs. The result of the study shows that according to relative advantage, Bangladeshi SMEs are willing to adopt e-commerce due to its many advantages. Relative advantages influence the adoption of e-commerce, and this reports shows that it increases the adoption of e-commerce among Bangladeshi SMEs.