WEF 2026: UP secures Rs 9,750 cr MoUs at Davos; boosts clean energy, AI and defence

Coordinated by Invest UP, the state’s investment promotion agency, the delegation engaged with leading Indian and international companies to strengthen Uttar Pradesh’s economic and technological profile.

• UP signed MoUs worth Rs 9,750 crore at WEF 2026 to boost investment, innovation.
• Major deals: SAEL waste-to-energy, Sify AI City, Yeoman defence
• Discussions with Uber, Google, PepsiCo on tech, mobility, sustainability

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The Uttar Pradesh government signed MoUs worth Rs 9,750 crore at the World Economic Forum (WEF) Annual Meeting 2026, aiming to position the state as a future-ready investment hub. The delegation, led by Shri Suresh Kumar Khanna, Cabinet Minister for Finance and Parliamentary Affairs, focused on forging global partnerships and securing high-impact investments.

Coordinated by Invest UP, the state’s investment promotion agency, the delegation engaged with leading Indian and international companies to strengthen Uttar Pradesh’s economic and technological profile. Major agreements include SAEL Industries Ltd (Rs 8,000 crore) for waste-to-energy projects, Sify Technologies (Rs 1,600 crore) for an AI-ready data centre and AI City in Noida, and Yeoman (Rs 150 crore) for defence manufacturing and weapons system integration.

“These collaborations support our vision for sustainable development, technology-driven governance, and large-scale job creation,” said Shri Khanna, highlighting the state’s commitment to global competitiveness and investor-friendly policies.

The delegation held strategic meetings with companies including Uber Technologies, Automation Anywhere, PepsiCo, HCL Software, Google Cloud, Greenko, Deloitte South Asia, and Louis Dreyfus Company. Discussions covered opportunities across digital infrastructure, renewable energy, food processing, automation, and global trade.

A key session with Uber focused on expanding investments, mobility partnerships, and the potential establishment of a Global Capability Centre (GCC) in Noida. With over 1.5 lakh vehicles operating across 13+ locations in the state, Uber identified opportunities in tourism, last-mile connectivity, and innovative mobility solutions.

The delegation also met Neeraj Agarwal, founder and CEO of Carbon Compass, a former NASA scientist, to explore future-facing projects in climate innovation and sustainability.

Uttar Pradesh’s engagements at Davos 2026 demonstrate a proactive approach to attracting global investments, fostering innovation, and building a resilient, inclusive, and technology-driven economy. The agreements are expected to pave the way for transformative partnerships and accelerate the state’s economic growth and global integration.