How Did the International Buyer-Seller Meet in Gujarat Generate Over ₹500 Crore in Enquiries?
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Synopsis
The recent International Buyer-Seller Meet in Gujarat saw remarkable success, achieving over ₹500 crore in export enquiries. With participation from global buyers and local exporters, the event not only showcased various sectors but also strengthened India's trade connections. Discover how this event is shaping the future of exports and manufacturing in India!
Key Takeaways
- Over ₹500 crore in export enquiries generated.
- More than 350 memoranda of understanding established.
- Participation from 40 international buyers across 17 countries.
- Focus on key sectors like textiles and pharmaceuticals.
- Strengthening of trade partnerships and global market access.
New Delhi, Oct 11 (NationPress) An International Buyer-Seller Meet (BSM) hosted in Gujarat has successfully produced more than 350 memoranda of understanding and export enquiries surpassing ₹500 crore, as reported by the Federation of Indian Export Organisations on Saturday.
The two-day event, held at Ganpat University during the Vibrant Gujarat Regional Conference, was organized by FIEO and took place under the auspices of the World Bank RAMP Project in collaboration with the MSME Department and iNDEXTb.
This gathering attracted a significant response from the business sector, facilitating over 2,200 structured B2B meetings between 40 international buyers from 17 countries and more than 850 Indian exporters from various sectors across Gujarat.
The focus of the International Buyer-Seller Meet revolved around critical sectors such as textiles, pharmaceuticals, chemicals, agro processing, food processing, and engineering goods, according to the apex export promotion body.
High-ranking officials from both the Gujarat and central governments attended the BSM, engaging with buyers and sellers and commending FIEO's initiatives in establishing a robust platform for MSMEs and exporters to engage with global markets and enhance trade collaborations.
S C Ralhan, President of FIEO, emphasized that the event bolstered global trade connections and nurtured supply chain partnerships, further solidifying Gujarat's status as a premier hub for exports and manufacturing excellence.
The event also highlighted FIEO's dedication to advancing India's export capabilities through collaboration, innovation, and inclusivity, aligning with the government’s vision of 'Atmanirbhar Bharat', 'Local goes Global', and export-led growth, as noted by FIEO.
Additionally, FIEO welcomed the government's recent decision in September to extend the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until March 31, 2026.
This scheme will continue to encompass exports from the domestic tariff area (DTA), advance authorisation holders, special economic zones (SEZs), and export-oriented units (EOUs).
Point of View
The International Buyer-Seller Meet in Gujarat signifies a crucial step towards enhancing India's export potential. The collaboration between various stakeholders showcases the nation's commitment to not only growing its economy but also strengthening its global trade relationships. Events like these are vital for positioning India as a leading player in international markets.
NationPress
11/10/2025
Frequently Asked Questions
What was the main outcome of the International Buyer-Seller Meet in Gujarat?
The event generated over 350 memoranda of understanding and export enquiries exceeding ₹500 crore.
Who organized the International Buyer-Seller Meet?
The meet was organized by the Federation of Indian Export Organisations (FIEO) in collaboration with the World Bank RAMP Project and the MSME Department.
Which sectors were highlighted during the BSM?
Key sectors included textiles, pharmaceuticals, chemicals, agro processing, food processing, and engineering goods.
What is the significance of the RoDTEP scheme?
The RoDTEP scheme provides remission of duties and taxes on exported products, enhancing the competitiveness of Indian exports.
How many B2B meetings were conducted during the event?
Over 2,200 structured B2B meetings were facilitated between international buyers and Indian exporters.
