Archive · 9 Aug 2026
UP secures Rs 45,000 crore investment commitments from eight firms
Some very important companies have promised to give a lot of money to build factories in a part of India called Uttar Pradesh.
Eight companies together promised more than 45,000 crore rupees.
That is a huge amount of money, like many, many pocket-money collections!
The factories will make things like computer chips, electronics, and solar panels that use sunlight to make electricity.
This is good because it will create more than 25,000 new jobs for people.
Most of the building will happen in a place called Gautam Buddha Nagar.
One company is even building a big factory on 200 acres of land that can make solar parts.
The leaders of Uttar Pradesh are very happy because this helps their state grow stronger.
All of this was announced on August 8, 2026.
Eight companies committed over Rs 45,000 crore in investments to Uttar Pradesh across semiconductors, electronics, renewable energy and advanced manufacturing.
The projects, concentrated in Gautam Buddha Nagar, are expected to generate more than 25,000 direct jobs.
Renewable energy accounts for the largest share, with over Rs 32,000 crore committed, including Rs 16,139 crore from Avaada Electro and Rs 8,000 crore from SAEL Solar.
HCL-Foxconn will set up a Rs 3,706 crore semiconductor unit through India Chip Pvt. Ltd., expected to create around 3,000 jobs.
The investments are supported by state policies including the IIEP Policy 2022, FDI/FCI Policy 2023 and the Semiconductor Policy 2024.
- Who
- Eight companies — HCL-Foxconn, Avaada Electro, Amber Enterprises, SAEL Solar, Oriana Power, CESC Green Power, Ascent Circuits and IB Solar — and the Uttar Pradesh government
- What
- Investment commitments totaling over Rs 45,000 crore in semiconductor, electronics, renewable energy and advanced manufacturing projects
- When
- Announced on August 8, 2026
- Where
- Uttar Pradesh, India, concentrated in Gautam Buddha Nagar (Noida, Greater Noida and Jewar)
- Why
- To create more than 25,000 jobs, strengthen Uttar Pradesh's industrial ecosystem and support India's semiconductor self-reliance and clean-energy goals
- Total investment committed
- Over Rs 45,000 crore
- Number of companies
- 8
- Direct jobs expected
- More than 25,000
- Renewable energy share
- Over Rs 32,000 crore
- Largest commitment
- Avaada Electro — Rs 16,139 crore
- Semiconductor project
- HCL-Foxconn — Rs 3,706 crore via India Chip Pvt. Ltd.
- Key location
- Gautam Buddha Nagar (Noida, Greater Noida, Jewar)
- Supporting policies
- IIEP Policy 2022, FDI/FCI Policy 2023, Semiconductor Policy 2024