A Memorandum of Understanding (MoU) was signed between South Asia Enterprise Development Facility (SEDF) and Bangladesh Association of Software & Information Services (BASIS) on 23rd February, 2004. Under the purview of the MoU, SEDF will collaborate with BASIS in pursuing common interests in developing the SMEs in the IT sector of Bangladesh. Individual projects will be developed to undertake specific interventions in fulfilling this common objective. As a part of the MoU, SEDF and BASIS have agreed to organize the participation of 11 (eleven) BASIS members in the Chittagong Apparel,
Fabric and Accessories Exposition (CAFAXPO) from 27 to 29 February 2004 for facilitating linkage between IT and RMG sectors, SEDF’s two key sub-sectors. One of SEDF assisted companies, a BASIS member, has already been implementing ERP software solutions in 22 RMG companies to increase their readiness for meeting post-MFA challenges.