Uttar Pradesh shines as an investment magnet with ₹69,000 crore committed across key sectors
In a major boost to Uttar Pradesh’s industrial landscape, the Hiranandani Group has announced a ₹28,440 crore semiconductor project in Noida. The announcement came during the Invest UP roundtable, held at the Jio World Convention Centre in Mumbai on May 27, where top industry players pledged investments totalling ₹69,000 crore.
Big Boost to Renewable Energy: Avaada Group to Invest ₹20,000 Cr
Avaada Group’s Vice Chairman, Sindoor Mittal, unveiled plans to invest ₹20,000 crore in the solar energy sector. This move not only highlights the growing focus on green energy but also positions Uttar Pradesh as a preferred destination for renewable energy investments.
UltraTech Cement Commits ₹1,981 Cr for Infrastructure Development
UltraTech Cement’s Managing Director, KC Jhanwar, announced projects worth ₹1,981 crore across Aligarh, Shahjahanpur, and Tanda. These investments are expected to enhance regional infrastructure and support the state’s development goals.
Tata Power Plans ₹13,700 Cr Power Project in Bundelkhand
In a significant step towards improving power infrastructure, Tata Power Renewable Energy CEO, Sanjay Banga, revealed plans for two 800 MW ultra-supercritical power units in Bundelkhand. The ₹13,700 crore investment will play a key role in meeting the region’s growing energy demand.
India’s First Green PLA Plant Coming to UP: Balrampur Chini Leads Innovation
One of the most notable announcements came from Balrampur Chini Mills, which signed an MoU with the UP government to establish India’s first 250 TPD Polylactic Acid (PLA) plant at Kumbhi Chini Mills in Lakhimpur Kheri.
The ₹2,850 crore plant will use sugarcane as raw material to produce eco-friendly polymers and is expected to create 225 jobs.
According to the company, this will be India’s first integrated site where sugarcane will be converted into PLA, marking a significant milestone in the green manufacturing space. The project is expected to start operations this month.
Invest UP Roundtable Brings Together Industry and Policymakers
The high-powered session was chaired by UP Chief Secretary Manoj Kumar Singh and moderated by Invest UP CEO Vijay Kiran Anand.
Invest UP, a dedicated agency to promote investments in the state, organized the roundtable and shared insights and updates from the event on social media platform X.
“The event brought together key industry leaders and policymakers to discuss opportunities in Uttar Pradesh’s rapidly growing investment landscape,” said an official from Invest UP.
UP Emerges as a New Investment Hotspot in India
With large-scale projects in semiconductors, renewable energy, power, cement, and bio-polymers, Uttar Pradesh is steadily emerging as a new industrial powerhouse in India.
These investments will not only create thousands of jobs but also enhance the state’s infrastructure and economic capabilities.