Trade Engagement Boost as Reverse Buyer–Seller Meet Begins in Shillong

The Department of Commerce and Industries, Government of Meghalaya, in collaboration with the Federation of Indian Export Organisations (FIEO), hosted a Reverse Buyer–Seller Meet (RBSM) on Tuesday at the State Convention Centre in Shillong. This event was conducted under the Raising and Accelerating MSME Performance (RAMP) Scheme of the Ministry of Micro, Small and Medium Enterprises (MoMSME), with the primary goal of enhancing export prospects and global market access for Micro, Small, and Medium Enterprises (MSMEs) from Meghalaya.

The event was inaugurated by Chief Minister Conrad K. Sangma, who emphasized its significance as a pioneering initiative not only for Meghalaya but for the entire North Eastern region. Joined by key government officials and representatives from 16 countries, the Chief Minister described the RBSM as a “proud moment” for all stakeholders involved. In his address, he reflected on the nature of opportunity, suggesting that it often surfaces where limitations are initially perceived, and stressed the importance of perspective in fostering growth.

Sangma underscored the necessity for initiatives like the RBSM to yield tangible results, highlighting the challenges faced by small states. He shared insights from the Meghalaya Livelihoods and Access to Markets Programme, which was once deemed for closure due to underperformance but has transformed into one of IFAD’s best projects globally—a testament to the commitment, focus, and clear vision required for sustainable change.

Discussing global trade dynamics, the Chief Minister noted that sectors such as textiles, garments, handicrafts, leather, footwear, and pharmaceuticals can find opportunities amid uncertainty. Notable reforms in Meghalaya have supported this ecosystem, including the elimination of over 400 regulations—70 of which pertained to labor—and the establishment of a unified investor portal to facilitate seamless clearance processes.

He highlighted specific examples of local industries achieving value addition, such as pineapple farmers whose products now meet international safety standards for export and women self-help groups engaged in turmeric processing. By framing the goal of the RBSM as one of fostering meaningful, long-term collaborations between buyers and local entrepreneurs, the Chief Minister reiterated the importance of partnership-based growth in strengthening the region’s economic landscape.