Asserting that Uttar Pradesh has emerged as a major destination for investment and global trade, Union commerce and industry minister Piyush Goyal on Sunday said Uttar Pradesh had embarked on a new journey of development, whose echo was being heard not just across the country but around the world.
Recalling the situation in 2017, Goyal said there were concerns over law and order and the business environment in the state.
Goyal was addressing a special business session, “Leveraging India’s Free Trade Agreements for Global Business Growth”, as chief guest on the third day of the fourth UP International Trade Show (UPITS-2026) at India Expo Mart in Greater Noida. Local brands of UP are establishing their identity in global markets,” he said. It was difficult to imagine investments in robotics, the Defence Corridor and semiconductors,” he said.
“The rapidly developing robotics factory near Noida shows how UP is now establishing strong identity even in emerging sectors. The next phase of state’s development is being linked with international trade, exports, foreign investment and tourism. “Entrepreneurs lacked confidence and there was little enthusiasm for setting up industries. Even major industrial centres were not looking towards UP for investment, while international investment was even more distant. Discussions about large-scale migration were common and UP was viewed as one of the backward states.
“The impact is visible. This reduces the burden of unnecessary debt on present and future generations,” he added. today the UP government presents a surplus budget While the state faced financial pressure and a revenue deficit earlier.
