President Droupadi Murmu Inaugurates First Uttar Pradesh International Trade Show at Greater Noida

The President of India, Ms. Droupadi Murmu, recently inaugurated the inaugural Uttar Pradesh International Trade Show, held at Greater Noida. This event marks a significant step in promoting Uttar Pradesh's products in both Indian and international markets,traditional handicraft-based goods,

With over 2,000 producers showcasing their products and 400 buyers from 66 countries in attendance, the trade show is poised to become a crucial platform for the state's manufacturers and entrepreneurs to expand their market presence.

Promoting 'One District One Product':

One noteworthy aspect of the trade expo is the display of numerous products falling under the 'One District One Product' initiative. The President commended this initiative and was particularly pleased to see the participation of young entrepreneurs, especially women, alongside traditional handicraft-based goods.

She emphasized the importance of increasing women's participation in entrepreneurship and the labor force, highlighting the positive impact it can have on economic growth.

Uttar Pradesh's Economic Growth: Ms. Droupadi Murmu praised the Uttar Pradesh government's recent efforts to boost economic growth and investment in the state. She noted that Uttar Pradesh has become one of the fastest-growing state-level economies in India due to simplified investment procedures, an improved business environment, and accelerated infrastructure development.

She expressed optimism that India's impressive state-level economic performance would position the country to surpass the United States and become the world's third-largest economy.

MSME Growth and Exports:

Highlighting the state's remarkable achievements, the President pointed out that Uttar Pradesh leads all states with over 96 lakh MSMEs (Micro, Small, and Medium Enterprises). Despite being a landlocked state, Uttar Pradesh's exports have been steadily increasing.

The state's exports have surged from approximately Rs. 88,000 crore (US$ 10.59 billion) in 2017-18 to around Rs. 1,75,000 crore (US$ 21.06 billion) in 2022-23.

She stressed the importance of creating local value, addressing MSME-related challenges, and connecting MSMEs on a global scale, in line with the G20 New Delhi Leaders' Declaration.

The President expressed confidence that the Uttar Pradesh International Trade Show would further both national and international interests while aligning with the G20's objectives.

Latest Facts:

• The Uttar Pradesh government has recently taken a number of steps to promote economic growth and investment, including simplifying the investment process, improving the ease of doing business, and accelerating infrastructure development.

• Uttar Pradesh is currently one of the fastest growing state-level economies in the country.

• Uttar Pradesh leads all states with over 96 lakh MSMEs.

• Uttar Pradesh's exports have increased from roughly Rs. 88,000 crore (US$ 10.59 billion) in 2017-18 to around Rs. 1,75,000 crore (US$ 21.06 billion) in 2022-23.

Conclusion:

The inauguration of the Uttar Pradesh International Trade Show represents a significant milestone in the state's efforts to promote its products and boost economic growth.

With a strong focus on entrepreneurship, gender equality, and international collaboration, this event is poised to drive Uttar Pradesh's economic prosperity and contribute to India's global economic standing.