India–US Trade Deal To Boost MSMEs, Investment & Job Opportunities: Yogi Adityanath

Lucknow, Feb 9 (KNN) Uttar Pradesh Chief Minister Yogi Adityanath has said that the proposed India–US trade agreement would significantly strengthen the state’s export-driven economy, provide structural support to micro, small and medium enterprises (MSMEs), and create long-term opportunities for investment and employment.

Support for Exports and Industry

In a statement, Adityanath said, "Under the strong and visionary leadership of Prime Minister Narendra Modi, India has reached a framework for an interim trade agreement with the United States. This framework expands global opportunities for Indian exporters and MSMEs, while simultaneously safeguarding India's agriculture sector, food security, the interests of our farmers and the strength of the rural economy." 

The chief minister, as quoted by news agency PTI, also said that the interim India-US trade deal would reinforce the ‘Make in India’ initiative and generate employment opportunities, particularly for women and youth.

Tariff Relief and State Impact

Officials said that the India-US joint statement provides an important policy signal for Uttar Pradesh, as the state government is working to integrate labour-intensive industries, MSMEs and cluster-based manufacturing with global supply chains.

Under the proposed framework, US tariffs on Indian products are expected to be reduced from an average of around 50 per cent to 18 per cent, with zero duty in select categories.

The reduction in tariffs on textiles and apparel, along with zero-duty benefits for silk-based products, is expected to benefit labour-intensive and cluster-based regions of the state.

(KNN Bureau)