1 week ago
Andhra Pradesh MSMEs Sign 88 MoUs With Overseas Buyers
Andhra Pradesh held a three-day business meeting for small and medium-sized companies.
It took place in Visakhapatnam from August 19 to 21.
More than 40 buyers from 25 countries attended.
More than 250 local businesses also joined.
They held planned one-to-one meetings to discuss selling products in other countries.
The meetings resulted in 88 agreements called MoUs.
Buyers gave feedback about product quality, packaging, prices and delivery.
Officials said the event could help businesses, farmers and rural enterprises reach more customers around the world.
The three-day International Reverse Buyer–Seller Meet concluded in Visakhapatnam on August 21 with 88 MoUs signed.
More than 40 overseas buyers from 25 countries met over 250 Andhra Pradesh MSMEs.
The event was organised by the Andhra Pradesh MSME Development Corporation and the Federation of Indian Export Organisations under the RAMP Scheme.
Participating businesses represented agriculture, processed foods, spices, rice, marine products, textiles, chemicals and engineering sectors.
Organisers said negotiations could lead to export orders after product evaluations, sample approvals and commercial follow-up.
- Who
- More than 40 overseas buyers, over 250 Andhra Pradesh MSMEs, the Andhra Pradesh MSME Development Corporation and the Federation of Indian Export Organisations participated.
- What
- An International Reverse Buyer–Seller Meet concluded with 88 MoUs and discussions about exports, sourcing and commercial partnerships.
- Where
- Visakhapatnam, Andhra Pradesh.
- When
- The meet was held from August 19 to 21; the articles do not specify the year.
- Why
- The event aimed to strengthen MSME competitiveness, improve export readiness and connect local enterprises with international markets.
Key facts
- Event
- International Reverse Buyer–Seller Meet
- Dates
- August 19–21
- Location
- Visakhapatnam, Andhra Pradesh
- Overseas buyers
- More than 40 from 25 countries
- Participating MSMEs
- More than 250 from Andhra Pradesh
- MoUs signed
- 88
- Organisers
- Andhra Pradesh MSME Development Corporation and Federation of Indian Export Organisations
- Programme
- Raising and Accelerating MSME Performance (RAMP) Scheme
Quotes
Tammireddy Siva Sankara Rao
Chairman, AP MSME Development Corporation
“The RBSM is a vital platform that bridges local producers with international markets, helping our exporters overcome key challenges”
thehansindia.com
“I am delighted to see over 40 buyers from 25 countries here today, which signals the global reach of our MSMEs”
thehansindia.com
Sources
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