- Inaugurating the second edition of the Uttar Pradesh International Trade Show, Vice President Jagdeep Dhankhar said MSMEs are big engines of growth for India.
- He commended PrimeMinister Modi’s vision of building a Viksit Bharat and emphasised that a new dawn is upon Uttar Pradesh led by Chief Minister Yogi Adityanath.
- Union MSME Minister Jitan Ram Manjhi applauded CM Adityanath for prioritising the employment generating MSME sector and said that the country’s path to economic prosperity passes through Uttar Pradesh.
Vice President Jagdeep Dhankhar, in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and Union Minister for Micro, Small and Medium Enterprises Jitan Ram Manjhi, inaugurated the second edition of the Uttar Pradesh International Trade Show at the India Expo Centre and Mart, Greater Noida on Wednesday.
Building on the success of the inaugural show in 2023 which was flagged off by President Droupadi Murmu, the event in its latest avatar promises to be bigger in scale and scope. Over 2,500 exhibitors and more than 350 foreign buyers have already confirmed their attendance.
In his inaugural address, Vice President Dhankhar said that he is confident that the state is on the right track after touring the business exhibition where the “best minds and master artisans have showcased their products”. He applauded CM Yogi Adityanath for “his 24X7 watchdog governance that vastly improved the law and order situation in India’s most populous state turning it into an asset which makes a substantial contribution to the country’s GDP”.
Appreciating the complete turnaround of the state under the able leadership of CM Adityanath, Vice President Dhankhar said that the state’s ambition of reaching a $1 trillion economy by 2027 is a real possibility. UP will be a key partner in propelling India to a $5 trillion economy, he said.
“Prime Minister Modi believes in a plateau-kind growth where all sections of society rise together and UP is also aligned with that vision. As this century rightly belongs to Bharat, we will at the same time also witness a new dawn in Uttar Pradesh,” he said.
The five-day trade show will provide a platform for businesses of all sizes – small, medium and large – to showcase their offerings and forge contacts with domestic and international buyers, marketers and decision makers in one spot.
Usually acknowledged as the most populous Indian state, UP CM Adityanath emphasised that Uttar Pradesh also has the distinction of being home to the largest base of micro, small and medium enterprises in India. Every region boasts of unique, traditional products which were revived by the Yogi Adityanath administration through incentives, promotion and marketing. This strategy – called the One District One Product (ODOP) programme – was later adopted nationwide.
The Chief Minister also highlighted proactive measures taken by his government during the Covid-19 pandemic to quickly absorb the returning labour force into livelihood generating programmes. The migrant workers were skill mapped and offered work in related MSME units, helping to boost the state economy. “Due to this, UP is speeding to a $1 trillion economy. It is a growth engine, and not a growth barrier like it was known as before,” CM Adityanath said.
The nomenclature ‘micro, small and medium’ does not befit the MSME industry which is a big engine of growth. Speaking at the event, Union MSME minister Manjhi said that small enterprises hold up the economy and are massive job generators. He welcomed the state and Central government’s prioritsation of the MSME sector.
Uttar Pradesh ranks second in the ease of doing business among Indian states. Relentless efforts by the CM Yogi Adityanath led administration transformed UP into a business-friendly destination in a matter of seven years. Policy reforms, government incentives and support as well as stable governance have helped the state emerge as one of the leading investment hotspots in the country.
Meanwhile, a key industrial meeting was held on the first day of the trade show between Invest UP CEO Abhishek Prakash and a delegation from the Herald media group, South Korea, seeking opportunities for business in Uttar Pradesh. The Herald Media Group, a renowned South Korean conglomerate established in 1953, has been a pioneer inmedia, education, and lifestyle sectors. The delegation included Hong Kil-Yong, Director of Innovation and Strategy Dept; Allim Kim, Team Leader, Herald Forum Secretariat, Culture and Environment team; Dr Sanjay Kumar, Staff Reporter, National Desk.
It is worth mentioning that recently, the India Expo Centre also played host to the annual premier semiconductor industry event – SEMICON India 2024 – which was inaugurated by Prime Minister Narendra Modi and saw global CEOs converge at the same venue and endorse India’s crucial role in the semiconductor supply chain.
The trade show will be held from 25th to 29th September at India Expo Mart, Greater Noida, from 11am to 8 pm.
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Neeraj Tiwari