Davos: UP secures green energy and manufacturing MoUs at WEF

On Day 3 of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, the Uttar Pradesh Government delegation intensified its engagement with global and Indian organisations through a full day of strategic meetings to strengthen investment partnerships and expand sectoral collaboration across the state.

During the day, the delegation held discussions with leading organisations including Tech Mahindra, Grundfos, Be8, Philip Morris International, Adecco, Rashmi Group, Kübler Group, Schneider Electric, Godrej, and Stanford University. The meetings explored opportunities across clean energy, manufacturing, industrial infrastructure, water solutions, technology services, skilling, sustainability, and innovation-led development.

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The day's engagements delivered strong outcomes through major MoUs supporting Uttar Pradesh’s green growth agenda. REC Ltd signed an MoU for 500 MW agriculture waste-to-energy projects, with an investment proposal of ₹8,000 crore.

In manufacturing, Rashmi Metallurgical Pvt. Ltd. committed ₹4,000 crore to establish a 1 MTPA integrated steel plant, strengthening the state’s high-value industrial ecosystem.

Further, Carbon Compass Services LLP signed an MoU with an investment intent of ₹820 crore for briquetting and compressed biogas (CBG) plants, along with carbon credit monetisation, including ₹30 crore earmarked for monetisation initiatives.

Additionally, Renergy Dynamics Private Limited partnered with the State to establish CBG plants with a 70 tonne per day processing capacity, supporting circular economy models, rural income opportunities, and clean mobility aligned with the SATAT initiative and Net Zero 2070 commitment.

AB InBev, the world’s largest brewer, and Cisco IT also met the Uttar Pradesh delegation at Davos to explore investment and partnership opportunities in the state.

The states's delegation was led by Suresh Kumar Khanna, Cabinet Minister for Finance and Parliamentary Affairs, and included Deepak Kumar, Infrastructure & Industrial Development Commissioner; Amit Singh, Secretary, Chief Minister’s Office; Vijay Kiran Anand, Secretary, Infrastructure & Industrial Development Department and CEO, Invest UP & UPSIDA; and Inderjit Singh, Special Secretary, Energy Department and Director, UPNEDA.