Noida: Yamuna Expressway Industrial Development Authority (YEIDA) in its 91st board meeting has accepted the International Trade City proposal. It is being planned along the lines of China’s Yiwu International Trade City, the world’s largest wholesale market for small commodities. It serves as a global trading hub where manufacturers and trading companies sell products in bulk to buyers from across the world.The Authority had hired Ernst & Young as a consultant to conduct a study for the Trade City proposal. The study found that India’s exports are highly diversified. Uttar Pradesh and other states across the country produce a wide range of products that are unique to their regions and enjoy strong demand in international markets. The Trade City will display and sell all such products, including those in the One District One Product (ODOP) scheme, a flagship initiative of the state govt aimed at promoting traditional and indigenous products.In the next step, the Authority will hold consultations with associations selling these products and businesses to seek their suggestions. The project is expected to strengthen the global reach of Indian products.Foreign buyers arriving at Noida International Airport will ..
