home Advertise
With Us

President Droupadi Murmu: Uttar Pradesh ranks first among states with over 96 lakh MSMEs

The Uttar Pradesh International Trade Show 2023 is being organised by the Uttar Pradesh government from September 21 to 25 in Greater Noida. 

MSMEs in Uttar Pradesh: President Droupadi Murmu in her address at the inauguration of the first UP International Trade Show noted that India’s most populous state Uttar Pradesh ranks first among all the states in the country with more than 96 lakh MSMEs. Murmu also noted that more than 200 manufacturers from the state were displaying their products, and more than 400 buyers from 66 countries were participating in the event, making the trade show a medium to support local manufacturers and small businesses and providing exposure to the national and international market.

During her address, the President said that despite being a landlocked state, exports from Uttar Pradesh are growing continuously, expanding from around Rs 88,000 crore in 2017-18 to Rs 1,75,000 crore in 2022-23. She said that the state government has taken several steps to boost economic growth and investment. 

“Uttar Pradesh is now among the fastest growing state-level economies in the country due to simplification of the investment process, ease of doing business and acceleration in infrastructure development,” Murmu said. She expressed confidence that on the strength of “such excellent economic performance” at the state level, India would become the third largest economy in the world.

The Uttar Pradesh International Trade Show 2023 is being organised by the Uttar Pradesh government from September 21 to 25 in Greater Noida. 

Exhibitors from sectors such as agriculture and horticulture, defence corridor, e-commerce, banking and financial services, education (universities, sciences, technology, engineering, and mathematics), infrastructure, engineering and manufacturing, and more display their products during the trade show.

To boost the local MSME ecosystem, the state government in September last year had reportedly approved a Micro Small Medium Enterprises Promotion Policy (MSME) 2022 and Uttar Pradesh Bioenergy Policy-2022 for MSME and bioenergy projects. The policy had decided to identify 5 acres or more land in every village panchayat to boost MSMEs in villages.

Moreover, in August this year, the state government launched the Chief Minister’s Micro Entrepreneur Accident Insurance Scheme to support more than 90 lakh state entrepreneurs (with a capital of less than Rs 5 crore and less than Rs 40 lakh turnover) with claims up to Rs 5 lakh in case of death or disability due to an accident.