Over 3 lakh footfalls was recorded at ELECRAMA 2020 in the five days, from 18th – 22nd January, 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 around 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 an 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 Anil Saboo, Chairman, ELECRAMA 2020.
“As expected, we have generated around 400 per cent 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 RK 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 round 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 a 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.