Uttar Pradesh strengthened its industrial investment pipeline at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, finalising memoranda of understanding exceeding ₹12,000 crore across clean energy and steel manufacturing sectors. The agreements underline the state’s push towards green growth, circular economy solutions and large-scale manufacturing.
State-owned REC Ltd signed an MoU to develop 500 MW of agriculture waste-to-energy projects, involving an investment of ₹8,000 crore. The initiative aims to address farm residue management, decentralised power generation and rural employment while reducing stubble-burning emissions.
In the manufacturing segment, Rashmi Metallurgical Pvt. Ltd. committed ₹4,000 crore to set up a 1 MTPA integrated steel plant, strengthening the state’s value-added steel ecosystem.
Additional MoUs covered compressed biogas, briquetting and carbon credit monetisation projects, aligned with India’s Net Zero 2070 and SATAT goals. The UP delegation also engaged with global corporations to expand future investment opportunities.
