LUCKNOW: The Uttar Pradesh government announced that it has secured investment proposals worth nearly Rs 2.92 lakh crore by signing 31 Memoranda of Understanding (MoUs) with leading global companies during the 56th Annual Meeting of the World Economic Forum (WEF) held at Davos-Klosters, Switzerland, from January 19 to 23, 2026. The state delegation, led by Finance and Parliamentary Affairs Minister Suresh Khanna, participated in a series of high-level meetings with over 55-56 global corporations, showcasing Uttar Pradesh’s transformation into a major investment hub under the leadership of Chief Minister Yogi Adityanath.
Addressing the media at Lok Bhawan, Khanna said that the agreements span across critical growth sectors such as data centres, renewable energy, green hydrogen, manufacturing, logistics, waste-to-energy, pharmaceuticals, healthcare, artificial intelligence, and defence. The discussions and subsequent MoUs reflected a strong investor sentiment and confidence in Uttar Pradesh’s rapidly evolving business environment.
The minister highlighted that Uttar Pradesh’s pavilion at the Davos summit, part of the ‘Partner with India’ theme, emerged as one of the major attractions for international investors. The impressive footfall at the pavilion symbolised the state’s rising prominence as an investment destination driven by stable governance, strong infrastructure, and proactive policies. Over 3,000 global leaders from 130 countries, including representatives from more than 60 heads of state, participated in the forum, providing Uttar Pradesh an opportunity to present its economic potential and policy reforms before the world.
Khanna emphasised that Chief Minister Yogi Adityanath’s focus on law and order, infrastructure expansion, and investor facilitation mechanisms has played a vital role in enhancing the state’s image. “The sustained investor response reflects the growing global confidence in Uttar Pradesh’s investment ecosystem and its vision to become a trillion-dollar economy,” he said.
The Uttar Pradesh government on Tuesday announced that it signed 31 memoranda of understanding involving proposed investments exceeding ₹2.92 lakh crore during the 56th Annual Meeting of the World Economic Forum held at Davos-Klosters, Switzerland, from January 19 to 23. Leading… pic.twitter.com/Wwxh4CqhjD
— INVEST UP (@_InvestUP) January 28, 2026
The largest MoU signed at Davos was with Netherlands-based AM-Green, which plans to establish a 1-gigawatt AI-based data centre in Greater Noida. This ambitious project, with an estimated investment of Rs 1.21 lakh crore, is expected to be completed by 2028. The data centre will play a crucial role in strengthening India’s digital infrastructure and positioning Uttar Pradesh as a leading data hub in Asia.
Another significant agreement was signed with ASR Technology for developing advanced manufacturing capabilities. Additionally, Uber held discussions on expanding its mobility partnerships in the state, including the potential establishment of a Global Capability Centre (GCC) in Uttar Pradesh, further strengthening the state’s tech-driven economy.
Uttar Pradesh’s strong focus on renewable and sustainable energy solutions was reflected in the MoUs worth several thousand crores signed during the summit. These included:
- Rooftop solar and battery storage projects worth Rs 1,000 crore
- Hybrid electric vehicle plants valued at Rs 1,100 crore
- Solar manufacturing and green energy parks worth Rs 10,500 crore
- A green manufacturing park featuring a 3GW solar cell module and a 60MW solar plant involving an investment of Rs 3,800 crore
In addition, partnerships were formed with NTPC Green Energy and REC Ltd to promote green hydrogen and agricultural waste-to-energy projects worth Rs 8,000 crore. These initiatives are expected to advance the state’s clean energy goals and contribute to India’s broader net-zero targets.
The manufacturing sector received a major boost, with Rashmi Metaliks committing Rs 4,000 crore to establish an integrated steel plant with a capacity of 1 million tonnes per annum (MTPA). The plant will not only generate direct employment opportunities but also stimulate growth in allied industries across the state. Prominent industrial discussions were also held with leading global corporations such as AB InBev, Godrej, Philip Morris International, Schneider Electric, DuPont, and Ramco Group. Pilot projects were proposed in Jhansi, Lucknow, Noida, and Varanasi, including solar unit testing and electric vehicle manufacturing facilities.
Discussions with global technology leaders such as Google, Tech Mahindra, Cisco, Deloitte, and Google Cloud centered around emerging technologies like artificial intelligence, data governance, cloud computing, skill development, and smart manufacturing. These engagements are expected to pave the way for the establishment of innovation hubs and training centres in collaboration with the state’s premier institutions. The aim is to build a skilled workforce aligned with future industry demands while accelerating digital transformation across sectors.
The healthcare and pharmaceutical sectors also witnessed strong interest, with leading global companies such as Bayer Consumer Health and AGLT Technologies exploring investment opportunities in agro-processing, diagnostics, and research-based healthcare solutions.
These projects aim to enhance Uttar Pradesh’s medical infrastructure and position the state as a centre for advanced healthcare research and manufacturing.
To ensure that all these investment proposals translate into real projects on the ground, the Uttar Pradesh government has announced the creation of a dedicated single-window implementation team. This team will coordinate with investors, monitor progress, and remove procedural bottlenecks to ensure timely execution and project delivery. The initiative aligns with the state’s broader goal of creating large-scale employment and driving inclusive economic growth through industrialisation. Officials also confirmed that regular review meetings would be conducted to track progress and ensure that each MoU is implemented within a defined timeline.
Uttar Pradesh’s Path Toward a Trillion-Dollar Economy
The government’s proactive industrial policies, including ease-of-doing-business reforms, digital clearance systems, and transparent land allocation processes, have already attracted record investments in recent years. Khanna said that the latest round of MoUs would further consolidate Uttar Pradesh’s position as one of India’s fastest-growing economic engines.
The Uttar Pradesh delegation included Industrial Development Commissioner Deepak Kumar, CEO Invest UP Vijay Kiran Anand, and NEDA Director Indrajeet Singh. Their efforts helped promote key sectors under the Uttar Pradesh Industrial Investment and Employment Promotion Policy, and showcased UP’s readiness to provide world-class infrastructure, skilled manpower, and policy support to investors.
