Uttar Pradesh Secures ~ $32 Billion at Davos with 31 Global MoUs

The Uttar Pradesh government announced that it signed 31 MoUs worth over ₹2.92 lakh crore at the 56th Annual World Economic Forum in Davos (Jan 19–23, 2026), securing major investments in AI, renewable energy, manufacturing, and data centers. This positions UP as a rising hub for global capital and jobs.

Key Highlights from Davos 2026

• Total Investment Secured: Over ₹2.92 lakh crore (~USD 31. 9 billion).
• Number of MoUs: 31 agreements signed.
• Participating Companies: More than 55 global firms engaged with UP’s delegation.
• Delegation Leader: Finance Minister Suresh Kumar Khanna led the UP team.

Sectors Attracting Investment

• Artificial Intelligence (AI): Focus on innovation hubs and applied AI solutions.
• Renewable Energy: Large-scale solar and wind projects to support India’s green transition.
• Data Centers: Infrastructure to support digital economy and cloud services.
• Manufacturing: Expansion in electronics, automotive, and industrial goods.

Implementation Strategy

• Single Window Team: UP will establish a dedicated facilitation unit to ensure smooth execution of MoUs.
• Job Creation: The agreements are expected to generate thousands of new jobs across sectors.
• Trillion-Dollar Economy Goal: These investments align with UP’s ambition to become a trillion-dollar economy in the coming years.

Comparative Context

State/Region	Recent Global Investment Highlights	Scale
Uttar Pradesh (2026)	31 MoUs, ₹2.92 lakh crore at WEF Davos	Very High
Maharashtra (2025)	MoUs worth ₹1.5 lakh crore at domestic investor summit	High
Tamil Nadu (2025)	₹1.2 lakh crore commitments in renewable energy	Moderate

Risks & Challenges

• Execution Gap: Not all MoUs translate into actual projects; monitoring is crucial.
• Infrastructure Readiness: Power, logistics, and land acquisition need rapid upgrades.
• Global Market Volatility: Currency fluctuations and geopolitical risks could affect inflows.
• Policy Continuity: Sustained investor confidence depends on consistent governance and regulatory clarity.

Actionable Takeaway

• Uttar Pradesh is positioning itself as a major investment destination in India, especially in AI, renewable energy, and digital infrastructure.
• The government’s single-window system could reduce bureaucratic hurdles, but stakeholders should track implementation progress closely to assess real opportunities.