SourceRFX has signed a memorandum of understanding with the Andhra Pradesh Government to collaborate in creating an online network of small and medium manufacturing industries.
The agreement was signed in California during the visit of Chief Minister N. Chandrababu Naidu to the US which concluded on Friday. Krishna Mattaparthi, the founder and CEO of the company, is a US-based technocrat hailing from the State. Soloman Raj, the Secretary in the Department of Industries, and Krishna Mattaparthi signed the MoU in the presence of the AP Chief Minister.
The aim of the MoU is to encourage industries to adopt online platforms to discover, connect with each other and collaborate to make business deals electronically. SourceRFX will build and operate an industrial portal in addition to providing dynamic websites for 1,000 small and medium industries in the State. The company facilitates creation of open business networks for SMEs.