In a significant stride towards enhancing Indian exports and fostering global trade relations, mjunction services limited has inked a Memorandum of Understanding (MoU) with the Engineering Export Promotion Council (EEPC) on January 8, 2024. The collaboration paves the way for rivexa by mjunction, which signs an MoU with EEPC, mjunction’s cutting-edge cross-border B2B e-marketplace, to join forces to empower Indian exporters and expand their reach and opportunities.
The Essence of the Partnership:
rivexa by mjunction signs MoU with EEPC to leverage the strengths of both organisations in boosting the export potential of Indian manufacturers. rivexa, an innovative B2B cross-border platform, serves as a direct link between international business buyers and Indian manufacturers, with a focus on custom-made Industrial goods and fashion & home textiles.
Launched in October last year, this platform enables seamless transactions and procurement directly from trusted Indian manufacturers. EEPC India is the premier trade and investment promotion organisation in India, with a membership base of 13K+, of which 60% are MSMEs (Micro, Small & Medium Enterprises).
Objectives of the Collaboration:
At an event in Kolkata, the MoU was formalised and signed by Mr Aninda Chatterjee, Chief Financial Officer of mjunction, and Mr Suranjan Gupta, Executive Director of EEPC India. This partnership aims to drive increased export activities that benefit Indian exporters and business communities, with a particular focus on SMEs.
The collaboration involves: identifying potential products and markets; introducing opportunities for cooperation and trade promotion; organising and participating in activities such as Economic summits, Trade exhibitions, Buyer-Seller Meets, Symposia, Seminars, and workshops; and facilitating growth and Expertise Exchange.
The synergy between rivexa and EEPC will facilitate the transfer of best practices and expertise. This exchange will empower Indian exporters to explore new markets, expand their global footprint, and enhance the quality and compliance standards of Indian goods worldwide.
Impact and Objectives:
The MoU’s core objective is to foster increased export activities, particularly for small and medium-sized enterprises. The partnership aims to empower Indian exporters with the tools and knowledge needed to explore new markets, scale their businesses globally, and elevate the quality and compliance standards of Indian goods on the global stage.
Speaking about this promising collaboration, mjunction’s Managing Director,
Mr. Vinaya Varma, expressed enthusiasm, saying, “we look forward to this MoU and taking advantage of EEPC’s reach as we pursue our commitment to promoting the “Made in India” label on the global stage. I believe that rivexa and EEPC together can make a significant difference to both the volume and quality of Indian exports.”
rivexa by mjunction signs MoU with EEPC to create a framework for increased cooperation and joint initiatives. EEPC India’s Executive Director, Mr. Suranjan Gupta, echoed the sentiment, stating, “The MoU is a culmination of our mutual interest towards reaching our national goal of $300 billion of Engineering Exports by 2030.”
“This new partnership will help us in curating major projects that will enable our members, particularly the MSME members, to bridge alliances and networks with their global counterparts. We, therefore, look towards a glorious future in achieving greater heights of glory.”
rivexa’s Offerings and Expansion:
rivexa, as a platform, provides foreign buyers and Indian suppliers access to a comprehensive digital marketplace. Verified Indian manufacturers offer a range of industrial goods, including custom-engineered parts, Valves, pumps and their spares, Automotive components, Piping Systems, Extruded Products, steel plant equipment, and electrical components.
In the Fashion and Home Textiles Category, rivexa showcases an impressive range of woven, knitted, leather, and accessories, as well as uniforms, bags, and Home Textiles, meeting the preferences of diverse consumer segments. rivexa focuses on Sustainable Fashion, offering eco-friendly options, and caters to the growing demand for high-end and street style, enabling customers to express their unique style through tailor-made sourcing solutions.
rivexa’s Comprehensive Services:
rivexa’s commitment to ensuring end-to-end transparency, seamless user experience, and curated selection of suppliers and buyers stands as its hallmark. The platform offers:
Supplier & Buyer Curation: A curated selection of verified suppliers and buyers ensures high-quality transactions and reliable partnerships. Our on-ground team in India, the USA, the UK, Europe and the Middle East ensures credible buyers and suppliers on rivexa.
- Complete Transparency: The platform ensures transparency throughout the transaction process, fostering trust and reliability for both buyers and suppliers. Online RFx process, pricing, negotiation, and collaboration tools to directly engage all stakeholders.
- Seamless User Experience: rivexa provides a user-friendly interface that streamlines sourcing and procurement for buyers and ensures smooth operations for suppliers.
- Strong Operational Support: rivexa offers robust operational support to facilitate end-to-end transactions and deliver a seamless user experience. Our on-ground team ensures proactive time & action management, quality checks and compliant processes to ensure on-time delivery.
- Value-Added Services: In addition to facilitating core transactions, rivexa offers value-added services such as financing, Logistics, Quality Assurance, and Export advisory, empowering businesses to tap into new geographies and export quality goods in a compliant manner.
- Category Expertise: rivexa excels not only in offering a broad array of products but also specialises in understanding and meeting the unique requirements of buyers within each category. Whether it’s Industrial Goods, Fashion & Home Textiles, or other specialised segments, rivexa’s expertise lies in tailoring solutions to diverse industry needs
Recognition in Prominent Portals:
This significant collaboration has garnered attention across various esteemed platforms, including The Print, The Week, The Financial Express, Ibc 24, Good Returns, MSN.COM, NDTV Profit, News Drum, and UNI Varta.
The combined efforts of rivexa and EEPC India aim to drive Indian exports to newer heights, enabling global access for Indian manufacturers and fostering a robust trade ecosystem.
Conclusion:
The collaboration between rivexa by mjunction and EEPC India stands as a testament to the dedication toward fostering India’s export growth. This strategic partnership is poised to create a significant impact, driving forward the ‘Made in India’ initiative and empowering Indian exporters, especially MSMEs, to thrive in the global marketplace.
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