Rs 15 Cr MoUs Signed At Puducherry Reverse Buyer-Seller Meet To Boost MSME Exports

Puducherry, Nov 3 (KNN) The first International Reverse Buyer Seller Meet (RBSM) hosted by the Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC) under the RAMP scheme concluded recently with the signing of 50 Memoranda of Understanding (MoU) valued at over Rs 15 crore. 

Organised in partnership with the Federation of Indian Export Organisations (FIEO), the two-day event generated significant export opportunities for local micro, small and medium enterprises (MSMEs).

The meet drew 25 international buyers from 16 countries, including the UK, Australia, Singapore, Canada, South Africa, the UAE, Spain, Vietnam and Mauritius. 

Over 320 MSMEs from Puducherry participated, holding more than 500 scheduled one-on-one meetings with global buyers. 

As a result of these business engagements, Puducherry-based firms are expected to tap markets including Australia, the UAE, Vietnam, Mauritius and the UK, across sectors such as textiles, food processing, cosmetics, pharmaceuticals and engineering goods, according to The Hindu.

In addition to trade interactions, the event featured technical sessions on export procedures and global market standards, aimed at equipping entrepreneurs with the knowledge to scale their businesses internationally. 

Organisers noted that many MSMEs previously lacked avenues to connect with overseas buyers, and the meet helped bridge this gap.

PIPDIC said the RBSM reinforces Puducherry’s growing role in MSME-driven exports by providing local enterprises with a platform to access global markets and boosting regional export volumes and value. 

The corporation expects the initiative to strengthen export-linked growth while leveraging the logistics potential of Puducherry and Karaikal ports.

(KNN Bureau)