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Gujarat Export Meet Sparks Rs 500 Crore in Inquiries, 1000+ MoUs Signed

The Reverse Buyer-Seller Meet at the Vibrant Gujarat Regional Exhibition has emerged as a major export platform, connecting over 1,800 state manufacturers with 53 international buyers. The event generated professional export inquiries worth approximately Rs 500 crore and resulted in the signing of over 1,000 Memoranda of Understanding. Organized by multiple government and export promotion bodies, the meet focused on key sectors including handloom, handicraft, textiles, and gems and jewellery. Separate mining sector seminars and significant local investment MoUs, including one worth Rs 100 crore, were also part of the conference's second day.

Key Points: Rs 500 Crore Export Inquiries at Gujarat Reverse Buyer-Seller Meet

  • Rs 500 crore export inquiries generated
  • 53 buyers from 23 countries participated
  • Over 1000 MoUs signed in two days
  • Focus on handicrafts, textiles, gems & jewellery
2 min read

Export inquiries worth Rs 500 crore made at Reverse Buyer-Seller Meet in VGRC

Over 1800 manufacturers met 53 global buyers at Vibrant Gujarat, generating Rs 500 crore in export inquiries and signing 1000+ MoUs.

"this Reverse Buyers-Sellers Meet has provided a major platform for local manufacturers to directly sell their products abroad - Suvidh Shah, FIEO"

Rajkot, January 13

At the Vibrant Gujarat Regional Exhibition, the "Reverse Buyers-Sellers Meet" in Hall No. 1 has become the centre of attraction. About 53 international buyers from 23 countries have arrived here to purchase goods from various manufacturers in India. To sell their products, more than 1,800 manufacturers from across the state have participated.

According to Suvidh Shah, Additional Director General of the Federation of Indian Export Organisations (FIEO), this Reverse Buyers-Sellers Meet has provided a major platform for local manufacturers to directly sell their products abroad. As a result, they are expected to gain significant economic benefits, an official release stated.

This meet has been organised by the Government of Gujarat's iNDEXTb, Industries Commissioner, MSME, Rising and Accelerating MSME Performance (RAMP), Federation of Indian Export Organisations (FIEO), Chemical and Allied Products Export Promotion Council (CAPEXIL), and Gujarat Jewellery Promotion and Export Promotion Council (GJPEPC).

The meet focuses on sectors such as handloom, handicraft, textile, agri-food, tiles and ceramics, engineering, auto, and gems and jewellery. A total of 53 international buyers from 23 countries including the USA, Canada, Europe, Russia, Gulf countries, Australia, Africa, and Central Asian countries, along with 22 domestic buyers, have participated. More than 1,800 sellers from across the state have shown enthusiasm to sell their products.

More than 2,200 meetings have been held between buyers and sellers, and over 1,000 MoUs have been signed in two days. Along with this, professional export demand worth approximately Rs. 500 crore has been generated, the release said.

Earlier, on the second day of this conference, along with B2B and B2G sessions on various subjects, seminars were organised on the theme "Igniting the Future: Gujarat Mining Revolution", in which a seminar on the topic of the Mining Revolution in Gujarat was held by the State's Geology and Mining Department with industrial entrepreneurs.

Accroding to the releae, on this occasion, an MoU worth Rs. 100 crore was signed by L&S Company of Kalyanpur taluka in Devbhumi Dwarka district, through which employment opportunities will be created for around 100 people. An MoU worth Rs. 60 crore has been signed by Virendrasinh Savariya of Talaja in Bhavnagar district, through which employment opportunities will be created for around 75 people.

- ANI

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Reader Comments

P
Priya S
Great initiative! But I hope the benefits truly reach the small artisans and weavers in the handloom and handicraft sectors. Sometimes only the bigger players gain. The focus should be on sustainable, long-term partnerships, not just one-time MoUs.
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Vikram M
Over 1800 sellers! That's the real spirit of Gujarat's entrepreneurship. Creating jobs in districts like Devbhumi Dwarka and Bhavnagar is the best outcome. This is how we build a self-reliant India. More power to our MSMEs! 💪
S
Sarah B
Impressive scale and international reach with buyers from 23 countries. The "reverse" model where buyers come to the sellers is very effective. Hope to see similar meets promoting products from other states as well.
R
Rohit P
The gems and jewellery sector from Gujarat is world-class. No wonder there's so much interest. This meet is a perfect platform to showcase our craftsmanship. Let's convert these inquiries into firm orders now! 🚀
M
Michael C
As someone in international trade, these numbers are promising. The key will be follow-up and ensuring smooth logistics and quality control for the manufacturers. Hope FIEO provides continued support to these businesses.

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