Davos: At the World Economic Forum (WEF) held in Davos, Switzerland, Uttar Pradesh (UP) has received investment proposals worth more than ₹19,000 crore. Several world-renowned brands and investors have also expressed interest in additional investments in the state, further bolstering UP’s global reputation.
The WEF conference took place from January 19 to 23, and one of the key investment agreements includes Coca-Cola’s commitment to invest over ₹2,500 crore to establish two bottling plants in the state through Moon Beverages and SLMG Beverages. This will expand Coca-Cola’s bottling and distribution network throughout UP, significantly boosting its operations in the market.
Additionally, Anheuser-Busch InBev, the company behind the Budweiser brand, signed a Memorandum of Understanding (MoU) to invest ₹1,000 crore in a new distillery plant in the state. Heineken also committed to ₹1,500 crore to set up a distillery plant.
AM Greens announced an investment of ₹6,000 crore for setting up an aviation fuel manufacturing plant in Shahjahanpur, while LoftusLane will invest ₹6,000 crore to build a hyperscale data center in Noida, strengthening UP’s digital infrastructure.
In another major move, Bisleri International signed an MoU to invest ₹200 crore in a bottling plant either in Ayodhya or Barabanki. Lords Mark Industries proposed an investment of ₹1,200 crore, which includes setting up a 300 MW solar power plant and wind energy turbines on rooftops.
IT and Data Centers: The Future of Investment
Sifi Technologies, a leading IT solutions and data center company, will invest ₹1,000 crore to establish an AI hub in Lucknow’s Chhak Gajariya IT City. Additionally, Sifi is exploring opportunities to set up a hyperscaler data center on 150-200 acres of land in the state. Furthermore, the company’s ₹7,000 crore, 75 MW data center in Noida will soon become operational.
Aiming for a Trillion-Dollar Economy
At the WEF, Uttar Pradesh also presented its ambitious goal of becoming a trillion-dollar economy to global investors. Officials highlighted the state’s efforts to attract investments in crucial sectors such as agriculture, energy, infrastructure, and technology.
Union Minister of Railways, Communications, and Electronics & IT, Ashwini Vaishnaw, praised UP’s efforts, noting that the state has provided a conducive environment for investors by prioritizing infrastructure development and digital connectivity.
These developments mark a significant milestone in Uttar Pradesh’s journey toward becoming a major hub for global investments and economic growth.
