UP secures ₹25,000 crore investment at Davos, driving clean energy and digital growth

On the fourth day of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, the Uttar Pradesh government delegation continued its high-impact investment outreach, signing major Memorandums of Understanding (MoUs) and holding strategic meetings with global industry leaders to accelerate the state’s growth across clean energy, digital infrastructure, and future-ready industrial development.

A major highlight of the day was the signing of a ₹25,000 crore MoU with Essar Group, marking one of the largest investment commitments secured by Uttar Pradesh during WEF Davos engagements.

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The proposed investment will focus on high-potential areas including power and energy systems, logistics and warehousing, and data centres, aligned with India’s vision for resilient infrastructure and next-generation digital ecosystems. The partnership is expected to strengthen energy security, boost supply chain efficiency, and create substantial employment through large-scale industrial expansion.

Further strengthening Uttar Pradesh’s digital economy push, SA Technologies signed an MoU worth ₹200 crore with Invest UP to establish a Global Capability Center (GCC) in the state. The proposed GCC will support multinational enterprises through advanced IT services, digital transformation solutions, and innovation-led capability building, while creating high-value employment opportunities for youth.

In another key development, NTPC Green Energy Limited signed a non-financial MoU with the government of Uttar Pradesh for the development of renewable energy and green hydrogen projects, reinforcing the state’s commitment to India’s energy transition and sustainable growth agenda.

The UP delegation was led by state finance minister Suresh Kumar Khanna, and included senior officials.

During the day, the delegation held focused business-to-government discussions with leading global organisations across AI and digital innovation, green hydrogen, global finance, advanced manufacturing, infrastructure development, clean-tech, healthcare, and public health partnerships.

Key engagements included ElevenLabs, Essar Capital Advisory India, Verdagy, HCL Tech, RMZ Infrastructure, Marsh McLennan, Agilent, BlackRock, Invisible Technologies, Indian Oil, Gavi – the Vaccine Alliance, Google, BCG (Boston Consulting Group), Topsoe, and Marlan Space, among others.

The delegation also participated in thematic roundtables on “Clean Mobility & Energy Storage: EVs, Batteries and Components” and “Semiconductors, Electronics & Smart Devices: Building Resilient ESDM Value Chains”, underscoring Uttar Pradesh’s focus on building globally competitive ecosystems in emerging technologies.

Through proactive facilitation by Invest UP, Uttar Pradesh continues to position itself as a preferred destination for global investors seeking scale, speed, sustainability, and long-term growth.