MoU’s worth Rs. 154 crore signed during three days
The second edition of the Organic and Millets International Trade Fair 2019 has generated business worth Rs. 240.25 crores for its participants, more than double the transactions that were seen in the maiden edition held last year.
The fair, which promotes organic and millet products, came to an end on January 20. More than 59,511 metric tonnes were sold through business-to-business meetings and stall sales. Last year, the first edition of the fair had seen a business of Rs. 107 crore.
A release said 67 MoUs worth Rs. 153.94 crore were signed during the three days while international buyers generated business worth Rs. 32 crore.
“This year, we had participation from seven countries and 10 States from the country. Close to 20,000 farmers from different districts across the State benefited from more than 20 sessions,” said N.H. Shivashankara Reddy, Agriculture Minister. The demand, he said, was highest for millets (Rs. 49 crore of business), Byadgi chillies, spices and turmeric.
“It is important for farmers to focus on crops that are hardy and require less water to grow as Karnataka has suffered from drought over the last decade or so,” said the minister.
The fair, which has seen participation of more 512 buyers and sellers, has reportedly seen footfalls exceeding 2 lakh.