In a notable address, the President lauded the Uttar Pradesh International Trade Show as a significant endeavor to bring the state’s products to both domestic and international markets. The event, which features participation from over 2000 manufacturers and more than 400 buyers representing 66 countries, has garnered appreciation for its potential to boost Uttar Pradesh’s presence on the global stage.
The President expressed her satisfaction with the scale and scope of the trade show, highlighting its role in establishing a robust platform for manufacturers and entrepreneurs in Uttar Pradesh to expand their reach nationally and internationally. This event is not only a showcase of products but also a testament to the state’s economic potential and its ability to connect with global markets.
One particularly commendable aspect highlighted by the President is the inclusion of products from the ‘One District One Product’ initiative, showcasing the rich diversity of Uttar Pradesh’s offerings. She also noted the active participation of young entrepreneurs, especially women entrepreneurs, emphasizing the need to increase women’s participation in entrepreneurship and the labor force, a critical aspect of economic empowerment.
“The President acknowledged the progressive steps taken by the Government of Uttar Pradesh to boost economic growth and investment in recent years. The state’s rapid economic progress, attributed to simplified investment processes, ease of doing business, and accelerated infrastructure development, has positioned Uttar Pradesh among the fastest-growing state-level economies in the country”.
“Furthermore, the President pointed out that Uttar Pradesh boasts over 96 lakh Micro, Small, and Medium Enterprises (MSMEs), ranking first among all Indian states in this regard. Despite being landlocked, the state’s exports have shown remarkable growth, nearly doubling from around Rs. 88,000 crore in 2017-18 to approximately Rs. 1,75,000 crore in 2022-23”.
The President also highlighted the alignment of the trade show’s goals with international priorities, particularly those of the G20. The G20 New Delhi Leaders’ Declaration emphasizes the importance of local value creation and addressing challenges faced by MSMEs while promoting their global connectivity. In this context, the Uttar Pradesh International Trade Show is seen as a step forward in advancing both national and international objectives.
