Export agreements worth Rs. 1,201 crore were signed between Madhya Pradesh’s entrepreneurs and foreign buyers in the three-day Reverse Buyer-Seller Meet MP Exportech which concluded in Bhopal on Sunday.
As many as six agreements were signed in the presence of Laghu Udyog Nigam chairman Akhand Pratap Singh, additional chief secretary Industries PK Dash and commissioner industries T Dharma Rao.
Sharing their experiences at the concluding function of the event organised jointly by Union Industries Department and Madhya Pradesh Laghu Udyog Nigam, some foreign buyers described Exportech as a very meaningful initiative. The foreign buyers also lauded arrangements made at the venue, hospitality of Madhya Pradesh government and work culture in the state.
At the Exportech, maximum agreements worth Rs. 628.23 crore were signed in engineering & machine tools sector followed by Rs. 331.38 crore agreements in power & energy products, Rs. 199 crore food, agro and herbal products, Rs. 17 crore for packaging & plastic products, Rs. 16 crore for products & services technology transfer sector and agreements worth Rs. 8.48 crore were signed in textiles sector.
Indore remained on top in export agreements. Foreign buyers signed agreements worth Rs. 750.50 crore with entrepreneurs of Indore followed by Bhopal and Mandsaur.
During the Exportech, Madhya Pradesh Laghu Udyog Nigam signed an agreement with Uganda Consumer Cooperative Union for products, services and transfer of technology. As per the agreements, the union will provide marketing channel for sale of Madhya Pradesh’s products in Uganda.
In turn, Madhya Pradesh Laghu Udyog Nigam will provide market in and outside the state to products of Uganda. Besides, the corporation will also provide packaging technique to Uganda Consumer Cooperative Union.