With the participation of more than 90 small and medium-sized enterprises (SMEs) from Tungurahu, Cotopaxi, Chimborazo and Pastaza, the event + SMEs for world-Chakra Edition was held which started on Friday the 8th and lasted until this Sunday the 10th, in Ambat.
The meeting was organized by the Ministry of Production, Foreign Trade, Investments and Fisheries and was held in the House of Entertainment and Contemporary Music of the Cultural Center of that city.
Promotion of small and medium-sized enterprises is one of the latest priority strategies applied by the Government
According to the press release, the conference activated an area of quality and cooperation that will enable the connection of commercial and business opportunities, as well as strengthening the competitiveness of the company’s production ecosystem.
Among the activities, several topics were discussed, such as a conversation on innovation for small and medium-sized enterprises, a conference on management systems and certification processes for processed food, as well as national and international quality labels for the agricultural sector.
MSME development is one of our priorities! 🤝
Through +SMEs for the world – Chakra Edition we promote 🚀 companies, businesses and ventures from Tungurahua, Cotopaxi, Chimborazo and Pastaza.
📍Today we are in Ambat#MásPymesEc#OurWorkContinues pic.twitter.com/2pGInWsm3C
— Ministry of Production (@Produccion_Ecu) September 9, 2023
“SMEs represent 90% of the country’s production,” said the Minister of Production, Daniel Legarda.
Markets, financing, innovation and knowledge are the four pillars of action established so that participating companies can improve the business ecosystem by promoting innovation and entrepreneurship by strengthening the capabilities of its different actors, networks and production chains.
Connectivity is an important factor for the development of small and medium-sized enterprises
According to the state portfolio, each of the pillars has its own role:
Source: Eluniverso

Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.