Over 3 Lakh footfall was recorded at Elecrama 2020 in the past five days, from 18th – 22nd Jan 2020, as the biggest showcase of electrical and electronics manufacturers beat economic slowdown to record a whopping $4.6 billion worth business queries through Reverse Buyer-Seller Meet (RBSM) and Domestic Buyer Seller Meet (DBSM).
The 14th edition of ELECRAMA had over 1,370 exhibitors showcasing their products and services at the flagship initiative of Indian Electrical and Electronics Manufacturers’ Association (IEEMA).
Two MoUs were also signed, the first between IEEMA and Kyrgyzstan to promote bilateral trade and economic cooperation. The second MoU was signed with Rupeeboss under SME Clinique initiative.
“There has been overwhelming support from the global partners to Elecrama 2020 not only restoring its faith on the Indian growth story but also giving a strong impetus to the local industry for being the leading powerhouse of the segment for the next decade.”, said Mr Anil Saboo, Chairman, Elecrama 2020.
“As expected we have generated around 400% growth in the numbers and this is a very positive sign for small to big players in the industry. Basically, this means there’s more business for everyone across verticals of the electrical and electronic industry”, said Mr R. K. Chugh, President, IEEMA.
Amidst multiple initiatives aiming to strengthen discourse and engagement around key verticals, the conference saw a bustling 5th Reverse Buyer-Sellers Meet under ChangeXChange 2020 program, wherein people participated from 70 countries around the globe. While the participants profile improved exceptionally in comparison to the previous editions, the international participants hailed the organizers for creating an impressive platform for global exchange.
The RBSMs held concurrently saw participation from 650 buyers from 70 countries including Southeast Asia, the Middle East, Latin America, CIS countries and SAARC nations.
Stressing on the importance of the platform for emerging markets, Ms Baluka Nurse, from Kwalnet Technologies, Uganda, said, “It is a wonderful experience. Everything is taken care of really well. As an emerging economy, it provides us with opportunities to meet people from different countries here. Through our interactions, we are getting ideas and the business has been really good. It’s really worth to come this far for such a big event.”
Paymona, from Ministry of Industries and New Technologies, Dushanbe, Tajikistan, shared her experience at the RBSM meet, “The impressions are really good; this is the place to make new friends and find new investors and buyers. Business is not the only benefit, as it’s a great platform to learn about different cultures and people better and to make globalization work better. Business experience has been really good. The business is really structured and well organized. I am working since morning, and we have had 5-6 deals.”
The first-timer to an Elecrama edition, Mr Thidade Eiamsai, Director, Power Plant Development Planning Division, Electricity Generating Authority of Thailand, “The experience at Elecrama 2020 has been really good especially for business. It is a great global platform for international exchange, and I would like to return to the next edition as well.”
The Domestic Buyer-Seller Meet further strengthened the Indian businesses, especially the MSMEs, opening the world market for them to achieve more business in public and private utilities.