UP’s global trade push to accelerate, says Piyush Goyal
Union Minister Piyush Goyal predicts rapid growth for UP's global trade and the UP International Trade Show after massive deal closures.
Union Commerce and Industry Minister Piyush Goyal has predicted that Uttar Pradesh is set to significantly bolster its standing in the global marketplace. Speaking at a special business session during the fourth UP International Trade Show (UPITS), Goyal expressed immense confidence that the state's industrial capabilities will continue to attract international business and that the trade show itself will see massive expansion in the coming years.
The Minister highlighted the immediate success of the event, noting that it successfully brought together exhibitors and delegates from six different partner nations. The impact was tangible, with buyer-seller meetings resulting in business agreements valued at more than Rs 3,000 crore.
A 'Bullet Train' of Economic Momentum
Describing the current economic trajectory of the state, Goyal likened the momentum to a "bullet train" that has already gained speed and will continue to move forward rapidly. He emphasized that the world is beginning to witness the true industrial potential of Uttar Pradesh.
“I have complete faith that this will continue to grow, every year it will continue to grow, it will continue to progress rapidly, and the whole world will see Uttar Pradesh's capability,” Goyal stated during the session, which coincided with the birth anniversary of Pandit Deendayal Upadhyay.
Focus on High-Tech Industries and Infrastructure
The Minister pointed out that Uttar Pradesh is no longer just a traditional economic hub but is increasingly carving out a niche in cutting-edge, modern sectors. The state is positioning itself as a leader in several high-growth industries, including:
- Defence
- Semiconductors
- Electronics
- Robotics
This industrial shift is being underpinned by a massive overhaul of the state's physical landscape. Goyal noted that the development of dedicated industrial parks, new airports, and an extensive network of expressways is providing the essential infrastructure required to support this rapid economic expansion and connect local talent to global markets.
Strengthening Export Capabilities
Goyal’s remarks align with broader central government efforts to encourage exporters to leverage India’s Free Trade Agreements (FTAs). The Commerce Ministry has been actively promoting FTAs as vital tools for securing market access, drawing in foreign investment, and driving job creation across the country.
To further support this, the Minister has advocated for enhanced physical and digital facilitation for exporters. He mentioned the proposed Trade Connect platform, which is designed to act as a comprehensive resource, providing businesses with detailed information on:
- Product-specific tariffs
- Opportunities available through various FTAs
- Complex trade procedures and regulations
By integrating these digital tools with the state's growing industrial strength, Goyal believes Uttar Pradesh is creating a robust platform for sustained trade and industrial growth on the world stage.