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Uttar Pradesh Trade Policy Opens Global Markets for MSMEs
Uttar Pradesh wants more of its local products to be sold around the world.
Minister Bhupendra Chaudhary said India’s trade agreements can help businesses reach new countries.
He mentioned products such as brass, carpets, locks, and perfumes.
Other sectors that could benefit include textiles, leather, medicines, and engineering goods.
Minister Nand Gopal Gupta Nandi said the Uttar Pradesh International Trade Show helps connect local businesses with international buyers.
The state has more than 10 million MSMEs, according to the minister.
Better roads, infrastructure, and logistics are also intended to help exporters.
The ministers said businesses should focus on quality, new ideas, and competitive prices.
Uttar Pradesh MSME Minister Bhupendra Chaudhary said India’s changing trade policy is creating global opportunities for state entrepreneurs and MSMEs.
He highlighted free trade agreements as beneficial for textiles, leather, engineering goods, jewellery, pharmaceuticals, and One District One Product goods.
Traditional products including Moradabad brass, Bhadohi carpets, Aligarh locks, and Kannauj perfumes were identified as having global potential.
Industrial Minister Nand Gopal Gupta Nandi said the Uttar Pradesh International Trade Show connects local products, artisans, and entrepreneurs with international markets.
The fourth edition of the trade show includes participation from buyers, exhibitors, and countries including Japan, Vietnam, Singapore, Russia, Austria, and Belarus.
- Who
- Uttar Pradesh MSME Minister Bhupendra Chaudhary and Industrial Development Minister Nand Gopal Gupta Nandi discussed opportunities for the state’s entrepreneurs and MSMEs.
- What
- Officials said India’s trade agreements and the Uttar Pradesh International Trade Show can help local businesses access global markets.
- Where
- At the Uttar Pradesh International Trade Show in Uttar Pradesh.
- When
- The discussion took place on Sunday; the trade show was launched in 2023 and is holding its fourth edition.
- Why
- To encourage exporters to use trade agreements, infrastructure, and international connections to expand local products globally.
Key facts
- Event
- Uttar Pradesh International Trade Show, fourth edition
- Trade policy
- India’s free trade agreements were presented as opportunities for exporters.
- Key sectors
- Textiles, leather, engineering goods, gems and jewellery, pharmaceuticals, and One District One Product goods.
- Traditional products
- Moradabad brass, Bhadohi carpets, Aligarh locks, and Kannauj perfumes.
- MSME base
- The state was described as having more than 10 million MSMEs.
- International participation
- Japan, Vietnam, Singapore, Russia, Austria, and Belarus were mentioned among participating countries.
- Growth factors
- Infrastructure, connectivity, economic export hubs, and logistics facilities were cited as supporting exporters.
Quotes
Nand Gopal Gupta Nandi
Uttar Pradesh Industrial Development Minister
“India’s free trade agreements with various countries can benefit sectors like textiles, leather, engineering goods, gems and jewellery, pharmaceuticals, and ODOP.”
thestatesman.com
“India’s trade agreements and FTAs with various countries have opened up new opportunities for exporters, which Uttar Pradesh’s entrepreneurs can capitalise on.”
thestatesman.com
Sources
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