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Business EconomyPosted at: Apr 26 2025 12:29AM


AP: 51 MoUs signed at Intl Reverse Buyer Seller Meet in Vijayawada

Vijayawada, Apr 25 (UNI) As many as 51 Memorandums of Understanding (MOUs) and business agreements, were signed at the two-day International Reverse Buyer Seller Meet (RBSM), organised by the Andhra Pradesh MSME Development Corporation (APMSME DC) in collaboration with the Federation of Indian Export Organisations (FIEO), which concluded here on Friday.
The MoUs and business agreements were entered into by mainly first-time and women entrepreneurs, a release said here.
The agreements pave the way for enhanced global market access for MSMEs, Farmer Producer Organisations (FPOs), artisans, and weaver societies in the state.
The two-day event served as a dynamic platform connecting over 300 Micro, Small and Medium Enterprises (MSMEs) from Andhra Pradesh with 25 international buyers from countries including the US, UK, Japan, GCC nations, Africa, and Southeast Asia.
Key sectors included agro and food processing, textiles and garments, engineering goods, and handicrafts.
Speaking at the valedictory session, Unnikrishnan K, Joint Director General, FIEO (SR) emphasised that Andhra Pradesh's strong policy support, strategic port-led infrastructure, and marketing initiatives position the state as a rapidly growing export hub in the region.
Thammireddy Sivasankara Rao, Chairman, AP MSME DC, reaffirmed the state’s commitment to empowering MSMEs through continued support in capacity building, training, and trade facilitation.
He also announced the upcoming launch of the MSME-1 portal for streamlined communication and issue resolution, along with a dedicated MOU tracking portal to assist MSMEs in executing international contracts.
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Tags: #AP: 51 MoUs signed at Intl Reverse Buyer Seller Meet in Vijayawada
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