International RBSM concludes with 88 MoUs in Visakhapatnam
The International Reverse Buyer-Seller Meet in Visakhapatnam concluded with 88 MoUs signed between overseas buyers and local MSMEs. The event aimed to boost exports across sectors like agriculture, textiles, and engineering.
Why it matters
The event serves as a significant economic driver for regional MSMEs by facilitating direct access to international markets.
The three-day International Reverse Buyer-Seller Meet (RBSM) organised by the Andhra Pradesh MSME Development Corporation (AP MSMEDC) and the Federation of Indian Export Organisations (FIEO) under the Raising and Accelerating MSME Performance (RAMP) Scheme concluded in Visakhapatnam on Friday with 88 Memoranda of Understanding (MoUs) signed between overseas buyers and participating MSMEs.
Held from August 19 to 21, the meet brought together more than 40 overseas buyers from 25 countries and over 250 MSMEs from across Andhra Pradesh for one-to-one business meetings. Several other business discussions remain at various stages of negotiation and are subject to product evaluation, sample approval, and further commercial follow-up.
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