India is the favourite destination for global investment says Vice President

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By  News On Air   Sep 25, 2024

Vice President, Jagdeep Dhankhar has said that India is now one of the most buoyant economies in the world and a favourite destination for global investment. Addressing the 2nd edition of the Uttar Pradesh International Trade Show 2024 in Greater Noida today, Mr Dhankhar highlighted that India is near a four trillion dollar economy and has eight per cent growth prospects for decades to come. He pointed to the 12 new industrial zones taking shape under Prime Minister Modi’s leadership, which will boost manufacturing and position India to capitalize on emerging technologies like AI, electric mobility, and semiconductors.

Union Minister for Micro, Small and Medium Enterprises Jitan Ram Manjhi and Uttar Pradesh Chief Minister Yogi Adityanath also attended the inauguration ceremony of the event.

On the occasion, Jitan Ram Manjhi highlighted the work being done for the MSME sector in the country. Uttar Pradesh Chief Minister Yogi Adityanath said that nearly 96 lakh MSMEs in the state are significantly contributing to boosting the country’s economic growth. He added that Uttar Pradesh has become the growth engine of the country’s development.

Our correspondent reports that Vietnam is a partner country of the event and nearly 350 exhibitors from 70 countries are participating in the 5-day event. Around 2500 exhibitors from India and other countries are showcasing their products. The first edition of UPITS was inaugurated by President Droupadi Murmu last year.