Uttar Pradesh secures MoUs worth Rs 9,750 crore at Davos

• Uttar Pradesh secured MoUs worth Rs 9,750 crore at Davos 2026
• Major investments include waste-to-energy, AI City, and defence manufacturing
• Uber eyes Global Capability Centre and mobility solutions in Uttar Pradesh

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Uttar Pradesh has secured Rs 9,750-crore worth of memoranda of understanding (MoUs) following back-to-back business meetings and high-level interactions with global corporates and government representatives on the sidelines of the World Economic Forum (WEF) in Davos.

Major investment commitments include Rs 8,000 crore from SAEL Industries for waste-to-energy projects, Rs 1,600 crore from Sify Technologies for setting up an AI-ready data centre and an AI City in Noida, and Rs 150 crore from Yeoman for defence manufacturing and weapons systems integration, the UP government said in a statement on January 22.

A delegation led by finance and parliamentary affairs minister Suresh Kumar Khanna held a series of strategic meetings and signed key agreements aimed at accelerating the state’s industrial and technology-led growth, the statement said.

Uber expressed interest in a global capability centre in Uttar Pradesh and highlighted potential opportunities in tourism, last-mile connectivity and innovative mobility solutions, supported by the state’s policy framework.

“These collaborations reflect the state’s long-term vision for sustainable development, technology-enabled governance and large-scale job creation,” Khanna said.

The commitments underscore Uttar Pradesh’s rapid industrial progress, a conducive business environment and expanding investment opportunities across sectors, while also reflecting growing global confidence in the state’s reform-led growth trajectory, he said.

Beyond deal-making, the state held business-to-government (B2G) engagements with a wide range of global and Indian companies, including Louis Dreyfus Company, Uber Technologies, Automation Anywhere, Cauldron, PepsiCo, HCL Software, Wealth Door, Anupam Rasayan India Ltd, Google Cloud, Greenko and Deloitte South Asia, to explore collaboration and partnership opportunities.

An official said Uttar Pradesh’s engagements at Davos highlight a growing pipeline of investments across clean energy, digital infrastructure, artificial intelligence and defence manufacturing, aligned with the state’s ambition to achieve a $1 trillion economy through infrastructure expansion and technology-driven growth.