Uttar Pradesh is significantly expanding its economic ties with BRICS nations, with the state’s exports to member and partner countries reaching over USD 5.36 billion in the fiscal year 2025-26. This growth reflects a concerted effort by the state government to enhance trade, attract investment, and foster technological collaboration with the bloc.
Uttar Pradesh Boosts Trade with BRICS Nations
Information was available with The Chenab Times indicating that the state’s engagement with BRICS economies has seen a substantial uptick. During the recently concluded fiscal year, exports to BRICS member and partner countries collectively surpassed the USD 5.36 billion mark. This figure underscores the growing importance of these international markets for Uttar Pradesh’s diverse range of products.
Uttar Pradesh MSME Minister Bhupendra Singh Chaudhary addressed the BRICS MSME Forum held in Agra, highlighting the breadth of goods the state exports. These include machinery, garments, leather goods, carpets, and precious stones, finding markets in various countries within the BRICS framework. The minister’s address at the forum, attended by MSME authorities and representatives from BRICS nations, provided a platform to discuss further trade opportunities and strengthen economic partnerships.
A detailed statement from the state government revealed the breakdown of these exports. Of the total USD 5.36 billion, approximately USD 3.938 billion was directed towards BRICS member countries, while the remaining USD 1.429 billion was channeled to partner countries. This distribution illustrates a robust trade relationship with the core BRICS economies, alongside a growing presence in associated nations.
MSME Sector a Pillar of Growth in Uttar Pradesh
Minister Chaudhary emphasized the vital role of Uttar Pradesh’s Micro, Small, and Medium Enterprises (MSME) sector in driving economic growth and employment. The state is home to around 96 lakh MSME enterprises, providing employment to approximately 1.65 crore people. The minister lauded the sector as a significant pillar of employment, innovation, and economic advancement for the state.
The effectiveness of the state’s One District One Product (ODOP) initiative was also a key point of discussion. The ODOP scheme has successfully linked local craftsmanship and traditional arts to global markets, creating new avenues for economic prosperity. Under this initiative, over 20,000 individuals have received margin money assistance totaling approximately Rs 897 crore, which has in turn generated an estimated 3.16 lakh job opportunities across various districts.
Furthermore, the Vishwakarma Shram Samman Yojana has been instrumental in uplifting traditional artisans. The scheme has provided modern toolkits and essential training to over 4.41 lakh artisans, enhancing their skills and enabling them to compete in contemporary markets. This initiative reflects the government’s commitment to preserving traditional crafts while fostering economic self-sufficiency among artisans.
Industrial Parks and Future Export Potential
To further bolster the industrial ecosystem, the state is actively developing MSME parks under the PLEDGE program. These parks are being established across Uttar Pradesh to create a conducive environment for industrial growth and attract further investment. So far, MSME parks have received approval in 12 districts, signaling a strategic approach to enhancing the state’s industrial infrastructure and competitiveness.
Looking ahead, India is poised to significantly expand its trade presence within the BRICS group, with projections indicating that exports to member countries could exceed USD 200 billion by the year 2030. For the fiscal year 2025-2026 alone, India’s exports to BRICS countries reportedly totaled over USD 96 billion. With continued advancements in industry, technology, and agriculture, coupled with sustained growth trends, export volumes for India within the BRICS bloc have the potential to more than quadruple by the close of the decade.
❤️ Support Independent Journalism
Your contribution keeps our reporting free, fearless, and accessible to everyone.
Or make a one-time donation
Secure via Razorpay • 12 monthly payments • Cancel anytime before next cycle
(We don't allow anyone to copy content. For Copyright or Use of Content related questions, visit here.)
The Chenab Times News Desk
