International RBSM ends with 88 MoUs in Visakhapatnam
The three-day International Reverse Buyer-Seller Meet in Visakhapatnam concluded with 88 MoUs between overseas buyers and Andhra Pradesh MSMEs, drawing buyers from 25 countries and over 250 local enterprises.
Key takeaways
- 88 MoUs were signed between overseas buyers and MSMEs from Andhra Pradesh at the Visakhapatnam event.
- The meet involved more than 40 overseas buyers from 25 countries and over 250 local MSMEs.
- Sectors represented included food products, spices, rice, marine products, textiles, chemicals, and engineering products.
What Happened
Over three days, Visakhapatnam hosted the International Reverse Buyer-Seller Meet (RBSM) organized jointly 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. The event ended with 88 Memoranda of Understanding signed between overseas buyers and participating MSMEs from Andhra Pradesh. More than 40 overseas buyers from 25 countries took part in one-to-one business meetings with local exporters, with additional discussions continuing at various stages of negotiation, subject to product evaluation, sampling, and further follow-up.
During the valedictory session, Tammi Reddy Siva Sankara Rao, chairman of AP MSME Development Corporation, and K. Unnikrishnan, joint director general of FIEO, addressed attendees. Feedback from overseas buyers indicated continued interest in shortlisted suppliers, while MSMEs received input on pricing, quality, certification, packaging, and delivery requirements. The participating enterprises spanned sectors such as agricultural and processed foods, spices, rice, marine products, textiles, chemicals, and engineering products.
Why It Matters
The event represents a structured platform to strengthen international trade links for small and medium-sized enterprises in Andhra Pradesh, potentially boosting regional export activity and diversification across multiple sectors. The convergence of buyers from a broad set of countries signals sustained interest in Indian MSME capabilities, with concrete MoUs potentially enabling longer-term commercial arrangements and supply-chain integration.
Background
The RBSM is part of a programmatic effort under the RAMP scheme, aimed at enhancing MSME performance through improved access to international markets. The Andhra Pradesh MSME Development Corporation collaborates with FIEO to facilitate matchmaking and deal structuring between domestic exporters and foreign buyers.
Key Facts
- Event location: Visakhapatnam
- Event duration: three days (August 19–21)
- MoUs signed: 88
- Overseas buyers: more than 40
- Countries represented: 25
- Participating MSMEs: over 250 from Andhra Pradesh
- Sectors represented: agricultural and processed foods, spices, rice, marine products, textiles, chemicals, engineering products
- Key officials at valedictory: Tammi Reddy Siva Sankara Rao (AP MSME Development Corporation), K. Unnikrishnan (FIEO)
- Nature of additional discussions: ongoing, contingent on product evaluation, sampling, and follow-up
What Happens Next
Several discussions are reported to be at various negotiation stages and may progress to signing additional agreements or follow-up trials based on product evaluation and approval processes. The organizers indicated continued engagement with shortlisted suppliers as part of the broader RAMP objectives to enhance MSME performance and export readiness.
Sources reviewed
Project Chintan independently synthesized and analyzed information cross-checked across the sources listed above.
Related stories
Special enrolment drive at Visakhapatnam polling stations for SIR-2026
India pushes stronger global tech ties at BRICS STI meeting
Farmer’s Son from Sambhajinagar Cleared CA in One Attempt While Winning National Tennis Medals
