FTAs to open doors for UP wineries: Union Minister Piyush Goyal

Lucknow, Feb 13 (KNN) India signed three important Free Trade Agreements (FTAs) last year and this year also we were hoping to sign two or three, said Union Minister for Commerce and Industry Piyush Goyal on Sunday.

Addressing the UP Global Investors Summit in Lucknow, the commerce minister pointed out that the Free Trade Agreements will open the doors for the breweries and wineries of UP as they will get market access, investments and technologies.

“I saw in the presentation today that there are 28 fruits and 4 flowers excluding grapes that are found in UP which can produce various kinds of wine in the state. These products will have ready markets worldwide,” he added.

Applauding the efforts taken by Chief Minister Yogi Adityanath- led government to create a safe environment for the Industry to function in the state, Goyal said, “Uttar Pradesh is now on the move and no one can now stop its progress.”

Speaking of Ease of Doing Business Ranking, Goyal said that it is done across the country to assess where it is easy to do business and that India has jumped in the global ranking in the recent years. He pointed out that the Prime Minister believed in competitive and collaborative federalism and therefore there is a ranking of states also.

“Uttar Pradesh is also a front runner when it comes to the startup ecosystem in the state. With 8,277 startups, the state ranks 4th in the country,” he said.

The commerce minister highlighted that one of the major reasons for the state’s success is due to the efforts to speed up the licencing approval process. “This has helped the state attract enormous investments,” he added.  (KNN Bureau)