LUCKNOW, SEP 25 : Prime Minister Narendra Modi on Thursday inaugurated the third edition of the five-day Uttar Pradesh International Trade Show (UPITS) at the India Expo Centre & Mart, describing the recently implemented \u2018Next Generation GST reforms\u2019 as a landmark in India\u2019s economic journey.<\/p>\n\n\n\n
\u201cThe reform has not only provided major relief to consumers but has also energized trade and industry. Monthly savings are directly reaching the pockets of common families, strengthening India\u2019s growth story,\u201d the Prime Minister said.<\/p>\n\n\n\n
Addressing investors and entrepreneurs, Modi highlighted the investment opportunities in Uttar Pradesh under the leadership of Chief Minister Yogi Adityanath. \u201cUP has emerged as a vibrant hub of investment and progress. The state\u2019s rapid development is the foundation of a self-reliant India,\u201d he said.<\/p>\n\n\n\n
Reiterating the importance of \u2018Swadeshi\u2019 and Atmanirbhar Bharat, Modi urged citizens and entrepreneurs to promote products made in India. \u201cSelf-reliance is no longer an option but a necessity. Entrepreneurs should design business models and focus on durable, user-friendly products to strengthen Atmanirbhar Bharat and build credibility for Indian manufacturing,\u201d he added.<\/p>\n\n\n\n
The Prime Minister outlined Uttar Pradesh\u2019s transformation into an industrial powerhouse, citing its connectivity revolution, including expressways, international airports, the Dedicated Freight Corridor, and the Defence Corridor, which have reduced logistics costs and boosted industrial growth.<\/p>\n\n\n\n
He also highlighted flagship initiatives like Namami Gange and One District One Product (ODOP), which are promoting cruise and heritage tourism while placing the state on the global map. Uttar Pradesh accounts for 55% of India\u2019s mobile phone production, and a new semiconductor facility is expected to further enhance the country\u2019s journey toward self-reliance.<\/p>\n\n\n\n
Modi also referred to India\u2019s fintech revolution, noting platforms such as UPI, Aadhaar, and DigiLocker, which have empowered both consumers and small vendors.<\/p>\n\n\n\n
On defence manufacturing, the Prime Minister said the armed forces are increasingly seeking indigenous products. \u201cProduction of AK-203 rifles will soon commence in Uttar Pradesh, in collaboration with Russia, and the Defence Corridor is set to become a major hub for weapons manufacturing,\u201d he stated.<\/p>\n\n\n\n
Looking ahead to India\u2019s vision for 2047, Modi emphasized the country\u2019s potential despite global challenges. \u201cA young and skilled workforce, a vibrant consumer base, and democratic stability make India one of the most attractive destinations for investment. Your efforts will help build a Viksit India under the framework of Atmanirbhar Bharat,\u201d he said.<\/p>\n\n\n\n
UP CM Yogi Adityanath hailed the Uttar Pradesh International Trade Show as a platform to transform Antyodaya into Rashtrodaya, said that the event would advance PM Modi\u2019s vision of an Atmanirbhar Bharat through the swadeshi model of ‘Make in India, Make for the World.\u2019<\/p>\n\n\n\n
Addressing the gathering in the presence of Modi, CM Yogi extended gratitude to PM for rolling out of next-generation GST reforms, calling it a \u201cwonderful Diwali gift\u201d for the poor, farmers, women, youth, middle class, traders, and small and cottage industries. He noted that UP led in apparel, textiles, leather, handicrafts, and carpets, and said GST reforms would help the state meet global economic challenges.<\/p>\n\n\n\n
Adityanath said the recent GST reforms, which reduced the previous four tax slabs to two, have revitalized the market, benefiting consumers, labourers, traders, farmers, and ODOP entrepreneurs. \u201cIn the past four days, we have felt new vitality in the market,\u201d he noted.<\/p>\n\n\n\n
The International Trade Show (UPITS), which hosts 2,250 exhibitors from 75 districts and over 550 buyers from 80 countries, Yogi highlighted as the state\u2019s industrial growth, cultural heritage, and social diversity. Russia was welcomed as the partner country, with more than 532 foreign buyers attending.<\/p>\n\n\n\n
The CM also pointed to Uttar Pradesh\u2019s status as the country\u2019s leading GI capital with 77 GI products, noting 75 more applications are underway. He recalled the UP Global Investors Summit 2023, where Rs 40 lakh crore in proposals were received, and Rs 12 lakh crore worth of projects have already materialized, with further groundbreaking planned for November.<\/p>\n\n\n\n
Highlighting strong connectivity, improved law and order, and a favourable investment climate, Yogi reiterated PM Modi\u2019s call for self-reliance, urging industry, academia, and society to work together to transform UP into a growth engine of Viksit Bharat.<\/p>\n\n\n\n
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