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INOXGFL Group Commits Rs 10,500 Crore Investment in Uttar Pradesh for Solar Manufacturing and Power Projects

INOXGFL Group has entered into a Memorandum of Understanding (MoU) worth Rs 10,500 crore with the Government of Uttar Pradesh through Invest UP at the World Economic Forum in Davos. The agreement covers the development of 2 GW of solar power projects across the state and the establishment of a 3 GW solar module manufacturing facility.

The proposed investment is expected to significantly strengthen Uttar Pradesh’s renewable energy landscape by expanding clean power generation capacity and creating a domestic manufacturing base for solar modules. The initiative aligns with India’s broader objective of enhancing energy security while building a self-reliant and integrated solar value chain.

According to Invest UP, the investment represents a strategic step beyond infrastructure development, underscoring a strong commitment to domestic solar manufacturing, clean energy-led growth, and the pursuit of net-zero emissions. The project is also expected to generate substantial employment opportunities and support industrial expansion across the state.

The planned solar module manufacturing facility will contribute to the Government of India’s Make in India program by reducing dependence on imported modules and promoting globally competitive manufacturing standards within the country.

In addition to boosting renewable capacity, the initiative is expected to deliver wide-ranging socio-economic benefits, including job creation, increased industrial activity, and higher investment inflows into Uttar Pradesh’s clean energy sector. With this agreement, the state further consolidates its position as a major hub for renewable energy development and a key contributor to India’s transition toward a sustainable and future-ready energy economy.