The Reverse Buyers-Sellers Meet held at Hall No. 1 of the Vibrant Gujarat Regional Exhibition (VGRE) has become a major attraction, garnering strong international attention and significant business engagement. This gathering saw 53 international buyers from 23 countries coming together with over 1,800 manufacturers and sellers from Gujarat, creating a robust platform for direct global trade. Suvidh Shah, from the Federation of Indian Export Organisations (FIEO), mentioned that this event provides local producers a unique chance to exhibit and sell their products directly in international markets, with expected substantial economic benefits.
The initiative is a collaborative effort by various entities including the Government of Gujarat’s iNDEXTb, Office of the Industries Commissioner, MSME Department, RAMP, FIEO, CAPEXIL, and the Gujarat Jewellery Promotion and Export Promotion Council (GJPEPC). The focus of the meet spans across a wide array of sectors such as handloom, handicrafts, textiles, agri-food, tiles and ceramics, engineering goods, automobiles, and gems & jewellery. International buyers from countries like the United States, Canada, Europe, Russia, Gulf countries, Australia, Africa, and Central Asia, along with 22 domestic buyers, are exploring sourcing opportunities.
The response from the business community has been robust, with more than 2,200 B2B meetings conducted over two days and over 1,000 Memorandums of Understanding (MoUs) signed. The meet has generated export inquiries amounting to nearly Rs 500 crore, indicating a strong global demand for Gujarat’s manufacturing and artisanal products. The Vibrant Gujarat Summit, initiated in 2003 by the then Chief Minister Narendra Modi, has evolved into a significant economic forum attracting heads of state, global CEOs, international organizations, and industry leaders.
Over the years, the summit has broadened its focus from investment promotion to technology, innovation, sustainability, and global partnerships, aiding Gujarat in accelerating industrialization, infrastructure growth, and establishing itself as India’s manufacturing hub.
