UP Plans International Trade City Near Noida Airport On China's Yiwu Model To Boost MSME, ODOP Exports
Lucknow, October 5: Uttar Pradesh is taking continuous steps under the Yogi government to build momentum in industrial development and connect the state’s local products with markets across the country and the world. In this direction, an important initiative is underway to develop an International Trade City in the Yamuna Expressway Industrial Development Authority (YEIDA) region, on the lines…
Lucknow, October 5: Uttar Pradesh’s Yogi government is actively progressing towards industrial growth by establishing an International Trade City near Noida Airport, inspired by China’s Yiwu International Trade City. The project, proposed during the recent YEIDA board meeting, aims to serve as a global hub for trade, industry, and exports.
It will offer a centralized market for local industrial products, enabling them to reach new customers and strengthen business ties with international entities. The International Trade City will facilitate the display, sale, and export of products through a unified platform, benefiting both local entrepreneurs and producers. Uttar Pradesh’s industrial policy aims to expand beyond attracting large-scale investments to exporting regionally manufactured goods on national and international scales.
The proposed city will provide display facilities for various industrial products, allowing producers to present their items directly to buyers from India and abroad. This initiative aligns with the broader industrial development efforts being undertaken in the Yamuna Expressway region, including the expansion of Noida International Airport.
The advancement of expressways, industrial areas, and air cargo infrastructure is expected to enhance product movement and international market access, fostering business expansion and creating new employment opportunities for micro, small, and medium enterprises (MSMEs) and local entrepreneurs. The International Trade City could significantly support the state’s One District One Product (ODOP) initiative, promoting distinctive local products in international markets.
As Uttar Pradesh aims to become a major center for investment, production, and exports, the International Trade City could serve as a pivotal link in this strategy, bolstering the state’s global trade potential while generating business activities and employment in related sectors.
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