Uttar Pradesh made a strong mark on the global investment map by securing investment proposals worth ₹2.92 lakh crore at Davos WEF 2026. 31 MoUs were signed in data centre, renewable energy, AI, pharma and manufacturing.
Lucknow. The Uttar Pradesh government has achieved major success in the 56th World Economic Forum (WEF) annual meeting held from 19 to 23 January 2026 in Davos, Switzerland. The state has secured investment proposals (MoUs) worth more than ₹2.92 lakh crore from this global platform, making Uttar Pradesh a major destination on the global investment map. After returning from the conference, in the press conference held in Lok Bhawan Auditorium, Finance and Parliamentary Affairs Minister Suresh Kumar Khanna described this achievement as a milestone for the economic future of the state.
119 high level meetings, 31 MoUs signed
The Finance Minister said that during the Davos conference, the Uttar Pradesh delegation held 119 high-level meetings. 55–56 major global companies participated in these meetings. These discussions resulted in the conclusion of 31 MoUs in sectors such as data centres, renewable energy, waste-to-energy, manufacturing, defence, logistics, tourism, food processing, EVs, pharma, healthcare and artificial intelligence.
Largest investment proposal with AM-Green
The largest investment proposal has been made with Netherlands company AM-Green. Under this agreement, an AI based 1 gigawatt data center will be set up in Greater Noida. An investment of ₹2.10 lakh crore is proposed through this project by the year 2028. This will strengthen the digital ecosystem as well as create employment opportunities on a large scale. Additionally, an MoU worth ₹200 crore has been signed with ASR Technology. Meanwhile, Uber has shown interest in expanded mobility collaboration and potentially setting up a Global Capability Center (GCC).
Investment worth thousands of crores in renewable energy sector
UPNEDA Director Inderjit Singh said that many important agreements were made in the renewable energy sector in Davos. These include-
- Solar rooftop and battery energy storage: ₹1000 crore
- Hybrid Electric Vehicle Plant: ₹1100 crore
- Solar power projects and solar module manufacturing: ₹10,500 crore
- Green Manufacturing Park: ₹3800 crore
Besides, non-financial MoU on Green Hydrogen with NTPC Green Energy and investment proposal of ₹8000 crore for 500 MW Agri Waste-to-Energy projects by REC Ltd are also included.
Expansion in steel, industry and smart manufacturing
Rashmi Metallics has committed an investment of ₹4000 crore for a 1 MTPA integrated steel plant. Along with this, discussions were held on smart factory, Industry 4.0 and supply chain development with companies like AB InBev, Godrej, Philip Morris International and Schneider Electric. Potential partnerships with DuPont, Ramco Group and Schneider Electric on water management, irrigation, waste management, microgrids and smart buildings were also discussed.
Focus on technology, pharma and healthcare
Extensive discussions were held on AI, data centre, digital governance and skill development with many global tech companies including Google, Uber, Tech Mahindra, Cisco, Deloitte, Google Cloud. At the same time, Bayer Consumer Health and Agilent Technologies underlined the possibilities of investment in pharma, agro-processing and life sciences.
Single-window system to implement MoU
The Finance Minister clarified that all the MoUs signed in Davos will be monitored regularly. A dedicated single-window team will be constituted for the implementation of these investment proposals, which will provide timely assistance to investors.
Strong presence in World Economic Forum for the third time
Under the leadership of Chief Minister Yogi Adityanath, the Uttar Pradesh government has effectively demonstrated the state’s investment potential and good governance by participating in the World Economic Forum for the third consecutive year.
UP Pavilion becomes attraction for global investors
The UP Pavilion established in the India Pavilion under the theme “Partner with India” was filled with investors for all four days. Compared to other states, maximum activities were seen in the Uttar Pradesh pavilion.
Strong economy through cyber security, MSME and ODOP
The Finance Minister said that now cyber police stations have been established in all the districts in the state. Due to MSME and ODOP schemes, exports of Uttar Pradesh have increased to ₹ 1.86 lakh crore, which has given new strength to the economy of the state.