Union Minister of Commerce and Industry Piyush Goyal said that as global markets open to India through Free Trade Agreements (FTAs), entrepreneurs in Uttar Pradesh will have more opportunities to reach international buyers. Addressing the UP International Trade Show in Greater Noida, he said expanding exports, investment and global market access would contribute to the state's goal of becoming a $1 trillion economy.
Goyal said Uttar Pradesh exports goods worth around ₹2 lakh crore a year and has set a target of ₹5 lakh crore by 2030.
He said the next stage of the state's development lies in expanding exports in global markets, attracting international investment, strengthening tourism and building global recognition for brands from Uttar Pradesh. He said the state is strengthening its base for greater global trade and moving towards its development objectives.
Goyal pointed to the international participation at the event: six partner countries, hundreds of delegates and exhibitors, and buyer-seller meetings. He said events of this scale give the state's diverse products, cuisines and services direct access to global markets.
On investment, he said new money is expected to flow into India from across the globe and that Uttar Pradesh has emerged as a preferred destination, backed by favourable industrial policies and industrial schemes. Major corporations and global investors are arriving across sectors, he said, creating new jobs.
Goyal also cited expressways, modern airports and industrial parks in the state. He noted its growing presence in defence, semiconductors, electronics and other high-technology areas, and referred to the expansion of a large robotics manufacturing facility in Greater Noida as an example of industrial and technological growth. He credited modern technology, international enterprises and the evolving craftsmanship and technical skills of the state's youth for this growth.
The minister called for active participation and cooperation from the state's trade and industrial community. He also asked for coordination between the Centre and the state government, and for the participation of citizens, youth and stakeholders from trade and industry, to support Uttar Pradesh's economic and export growth.
Goyal said wider market access through FTAs, together with investment, tourism and international recognition of Uttar Pradesh's products and brands, would create new opportunities for the state's entrepreneurs.
With reference to the UP International Trade Show addressed by the Union Minister of Commerce and Industry, consider the following statements:
Which of the statements given above are correct?
Consider the following statements:
Statement-I: Entrepreneurs in Uttar Pradesh are expected to get more opportunities to reach international buyers.
Statement-II: Global markets are opening to India through Free Trade Agreements (FTAs).
Which one of the following is correct in respect of the above statements?
Which one of the following best describes the economic goal that Goyal linked to expanding exports, investment and global market access for Uttar Pradesh?
