UP International Trade Fair will be a milestone in taking Uttar Pradesh to new heights: State Finance Minister
Sep 22, 2023
Greater Noida (Uttar Pradesh) [India], September 22 : The Uttar Pradesh International Trade Fair will prove to be a milestone in taking Uttar Pradesh to new heights because the environment created under the Yogi government for establishing industries in the state will attract investors from across the globe, said Suresh Khanna, Finance Minister, on Friday.
He stated that the state government is always ready to address the problems of entrepreneurs because the growth of industries will help the state become a trillion-dollar economy.
The finance minister added that exporters and MSMEs should get insurance because natural disasters are increasing in frequency and severity, resulting in significant financial losses. In such cases, a company with insurance will be compensated for 80% to 90% of the loss.
Minister Rakesh Sachan also laid emphasis on providing insurance to MSME entrepreneurs. Referring to the incident of fire in the garment industry of Kanpur, he added that several companies did not have insurance; if they had, they would have gotten aid. That is why the insurance trend should increase, like the growing companies in the MSME sector.
Nand Gopal Nandi, Minister for Industrial Development, said that the Yogi government is serious about industrial growth and dedicated to transforming the state into a trillion-dollar economy. As a result, a conducive environment has been created for the continuous establishment of industries in UP.
He noted that the ongoing trade show is truly exceptional. It has attracted 500 buyers from 70 different countries, which is expected to significantly boost investments in the state. This will increase employment opportunities and contribute to the overall economic development of Uttar Pradesh.
People with knowledge of the insurance industry also provided a detailed explanation of the reasons why insurance is essential for industries at this time.
State Finance and Parliamentary Affairs Minister Suresh Khanna, MSME Minister Rakesh Sachan and Industrial Minister Nand Gopal Nandi participated in the insurance session held on the second day of the UP International Trade Show organized at India Expo Center.
