Hello @kartik,
I had the same error when I tried to migrate Drupal database to a new local apache server(I am using XAMPP on Windows machine). Actually I don't know the meaning of this error, but after trying steps below, I imported the database without errors. Hope this could help:
Changing php.ini at C:\xampp\php\php.ini
max_execution_time = 600
max_input_time = 600
memory_limit = 1024M
post_max_size = 1024M
Changing my.ini at C:\xampp\mysql\bin\my.ini
max_allowed_packet = 1024M