Sachin Malik Greater Noida: Union Minister for Commerce and Industry Piyush Goyal said at the fourth International Trade Show held at India Expo Mart that under the leadership of Prime Minister Narendra Modi and the Guidance of Chief Minister Yogi Adityanath, Uttar Pradesh has embarked on a new Journey of Development.
Today, the State Positive outlook, the confidence of its entrepreneurs and its commitment to development have become its new identity. The Echo of Uttar Pradesh development is now being heard not only across the country but across the World.
Piyush Goyal, Who attended the special business session “Leveraging India Free Trade Agreements for Global Business Growth” on the third day of the UP International Trade Show (UPITS) as the Chief Guest, said the event, Which began on the occasion of the birth anniversary of Pandit Deendayal Upadhyaya, would continue to Grow in Scale and impact in the coming Years.
He said the entire world would look at Uttar Pradesh development Journey as an example. Expressways, new airports, large industrial Parks and investments in modern Sectors such as defence, semiconductors and Electronics are Presenting a new Picture of a transforming Uttar Pradesh.
Local Brands and Products from Uttar Pradesh Gaining Recognition in Global Markets
Piyush Goyal said the rapidly developing Robotics factory near Noida is an example of how Uttar Pradesh is Establishing a Strong Presence even in modern and emerging Sectors.
He said the next Phase of Uttar Pradesh development is now linked with international trade, exports, foreign investment and tourism. Local brands and Products from Uttar Pradesh are Gaining recognition in markets across the World.
He said the target of taking Uttar Pradesh exports to ₹5 lakh crore by 2030 reflects the State Growing confidence and economic Potential. Better coordination between the Central and State Governments is creating new development opportunities for Uttar Pradesh.
He urged People associated with trade and industry to identify these opportunities and contribute with full Energy to taking the State development Journey Forward.
Reference to the Situation Before 2017
Sharing his experiences from 2017, the Union Minister said that at that time, People in Uttar Pradesh were concerned about law and order and the business Environment.
There was not enough confidence among Entrepreneurs, and there was a lack of Enthusiasm for Setting up large new industries in the State. Even major industrial centres in the country were not looking towards Uttar Pradesh for investment, While attracting international investment seemed even more Distant.
He said that due to issues related to corruption and law and order, there was an atmosphere of disappointment among the General Public as well as the business and industrial Community.
There was considerable discussion about large-Scale migration and Uttar Pradesh was viewed as one of the less-developed States. In Such an environment, it was difficult to imagine investments in modern sectors such as robotics, the Defence Corridor and Semiconductors.
Suggestions from Youth, Women and Different Sections of Society Compiled into a Vision Document
Piyush Goyal referred to the Process of Preparing the BJP manifesto during the 2017 Assembly Elections and said that Party workers had travelled from village to village and door to door across the State to seek Suggestions from People.
Youth, women and various sections of Society Shared their aspirations and expectations. These Suggestions were compiled and incorporated into the Manifesto.
He said the aspirations that emerged at the time were extensive and required significant financial resources to fulfil. Uttar Pradesh budget was limited, and financial resources were under Pressure. After meeting regular obligations, including Salaries of Government employees, only limited resources remained for development works.
Despite this, it was estimated that Substantial additional funds would be required every Year to fulfil Public Expectations.
Revenue Increased Through an Honest and Transparent System
Piyush Goyal said that with the blessings of Prime Minister Narendra Modi and under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh has made Significant Progress not only in development but also in revenue Collection.
He said Government Policies and improved administration have resulted in a manifold increase in revenue from various sources, and these resources are being utilised for the State Development.
Citing excise revenue as an example, he said that compared with 2016-17, the State excise revenue has increased nearly fivefold at Present.
He said this Growth is not confined to a Single Sector, but reflects improvement across various revenue sources in the State. He noted that While the land remains the same, there has been a major Change in revenue Generated through land transfers, registration fees and Stamp Duty.
Referring to the mining sector, the Union Minister said that in 2016-17, Uttar Pradesh mining revenue from sand, morang, Stone and other minerals was around ₹1,548 Crore. Today, revenue from this Sector has increased several Times.
He said the change in revenue collection reflects improved governance and effective utilisation of Resources.
According to him, the increase in revenue is Clearly visible in the State development Journey. Improved revenue collection has Provided the Government with Greater resources for roads, expressways, airports, industrial development and other development and welfare Projects.
Piyush Goyal said that While the State had earlier faced financial Pressure and revenue deficits, the Uttar Pradesh Government is now in a Position to Present a Surplus Budget. He said this is also important for keeping the burden of unnecessary debt on the Present and future Generations lower.
UPITS a Major Step Towards Global Market Access
The Union Minister said that the Uttar Pradesh International Trade Show is not merely a trade fair but an important Platform connecting the State business and industry with Global Markets.
Through the event, entrepreneurs from Uttar Pradesh are Getting new opportunities to access international markets and benefit from India Free Trade Agreements.
He said trade agreements are opening markets in different Parts of the world for Indian Products. Entrepreneurs from Uttar Pradesh can utilise these opportunities to take their Products, services and local specialties to Global Markets.
Today, Uttar Pradesh is emerging as a major investment destination. Favourable industrial Policies and an investment-friendly environment are attracting major companies to the State.
Investors and business delegations from various sectors are continuously visiting Uttar Pradesh, creating opportunities for new investments and Employment.
He said the Skills and capabilities of the State Youth are increasingly being developed in accordance with the requirements of industry. Uttar Pradesh is also regularly hosting international-level Programmes and business events, Providing entrepreneurs with opportunities to connect directly with Global Markets.
He urged entrepreneurs to enhance Quality, innovation and competitiveness in line with the demands of Global Markets.
He said Free Trade Agreements have opened several markets around the world for India, and talented entrepreneurs from Uttar Pradesh Should make full use of these Opportunities.
On the occasion, Bhupendra Chaudhary, Minister for Micro, Small and Medium Enterprises (MSME) Uttar Pradesh, Nand Gopal Gupta ‘Nandi’, Minister for Industrial Development Hansraj Vishwakarma, Minister of State for MSME Shashi Bhushan Lal Sushil, Principal Secretary, MSME K. Vijayendra Pandian, Commissioner for Industries and Shishir, Special Secretary, MSME were Present.
