Uttar Pradesh has strengthened its position as a preferred investment destination at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, securing investment commitments exceeding ₹12,000 crore across waste-to-energy, compressed biogas (CBG), and steel manufacturing projects. The agreements underline the state government’s focus on sustainable growth, clean energy transition, and large-scale industrial development.
₹8,000 Crore Push for Waste-to-Energy Projects
A major highlight of the Davos engagements was an MoU signed with REC Limited for the development of 500 MW agriculture waste-to-energy projects in Uttar Pradesh. The proposed investment of around ₹8,000 crore will focus on utilising farm residue to generate clean power.
Officials said the initiative is expected to help curb stubble burning, create additional income streams for farmers, generate rural employment, and integrate decentralised renewable energy into the state’s power mix. The project also aligns with the state’s circular economy and sustainability goals.
₹4,000 Crore Integrated Steel Plant Planned
In the manufacturing sector, Rashmi Metallurgical Pvt. Ltd. signed an MoU committing ₹4,000 crore to set up a 1 million tonnes per annum integrated steel plant in Uttar Pradesh. The facility is expected to strengthen value-added steel production in the state and support downstream industries such as construction, infrastructure, and engineering goods.
Officials noted that the project would contribute to industrial diversification, generate jobs, and reinforce Uttar Pradesh’s manufacturing ecosystem.
CBG, Briquetting and Carbon Monetisation Projects
The state also attracted investments in clean fuels and carbon solutions. Carbon Compass Services LLP committed ₹820 crore for briquetting and compressed biogas plants, including ₹30 crore earmarked for carbon credit monetisation initiatives.
In addition, Renergy Dynamics Pvt. Ltd. proposed setting up CBG plants with a processing capacity of 70 tonnes per day. These projects are aligned with the Centre’s SATAT initiative and India’s Net Zero 2070 target, while offering farmers additional income through agri-waste aggregation.
Global Engagements Expand Investment Pipeline
Beyond formal MoUs, the Uttar Pradesh delegation held meetings with several global and Indian organisations, including Tech Mahindra, Schneider Electric, Grundfos, Be8, Godrej Group, Philip Morris International, Adecco, Kübler Group and Rashmi Group. Academic collaboration was also discussed with Stanford University.
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Discussions focused on clean technology, water management, industrial infrastructure, skilling, and innovation-led development. Companies such as AB InBev and Cisco also explored potential opportunities in the state.
Building a Green and Industrial Growth Engine
Officials said the outcomes at WEF Davos 2026 reflect Uttar Pradesh’s strategy of converting global outreach into concrete industrial commitments. By attracting investments across renewable energy, green fuels, and manufacturing, the state aims to create large-scale employment, promote sustainable development, and position itself as a leading hub for clean energy and industrial growth in India.
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