Uttar Pradesh has secured over ₹45,000 crore in investment commitments from eight companies across the semiconductor, electronics, and sectors, signaling a major push to transform the state into a manufacturing and technology hub.
₹45,000 Crore
Total Investment Commitments
📊 One chart explains it
Major UP Investment Commitments
Takeaway: While green energy leads, significant investments are also being made in semiconductor and electronics manufacturing in Uttar Pradesh.
⏳ Time Machine
How today’s news fits into the bigger picture
2014
Make in India Initiative Launched
The 'Make in India' initiative was launched by the Indian government to encourage manufacturing in the country, boosting domestic production and attracting foreign investment across various sectors. This set the stage for state-level investment drives.
2020-2022
PLI Schemes Introduced
India introduced Production Linked Incentive (PLI) schemes across several sectors, including electronics and semiconductors, offering financial incentives to companies for domestic manufacturing. These policies spurred significant investment.
2022
UP IIEP Policy 2022
Uttar Pradesh introduced its Industrial Investment and Employment Promotion Policy (IIEP) 2022, designed to attract large-scale investments and promote through various incentives.
2024
UP Semiconductor Policy 2024
Uttar Pradesh launched a specific Semiconductor Policy in 2024 to provide targeted incentives and a favorable environment for chip manufacturing and related industries, directly supporting projects like HCL-Foxconn's.
August 2026
HCL-Foxconn Commits ₹3,706 Cr
As part of this larger investment drive, HCL-Foxconn, through India Chip Pvt. Ltd., committed ₹3,706 crore for a unit in Uttar Pradesh, creating 3,000 jobs.
Today
Uttar Pradesh secured ₹45,000 crore in investment commitments across semiconductor, electronics, and green energy sectors.
What happens next?
The UP government will focus on implementing these projects, aiming to create 25,000+ jobs and establish robust local supply chains for technology components.
Uttar Pradesh has attracted over ₹45,000 crore in investment commitments from eight major companies, including HCL-Foxconn and Avaada Electro. These investments span critical sectors such as semiconductor manufacturing, electronics, and green energy, primarily concentrated in the Gautam Buddha Nagar region (Noida, Greater Noida, and Jewar). This initiative is expected to create more than 25,000 direct jobs. Key projects include HCL-Foxconn's ₹3,706 crore semiconductor manufacturing unit and Avaada Electro's ₹16,139 crore investment in green energy. The state government attributes this success to its investor-friendly policies, including the Uttar Pradesh Semiconductor Policy 2024, aiming to establish robust local supply chains and position UP as a leading industrial destination.
💭 If you're wondering…
The India Semiconductor Mission (ISM) is a government initiative launched to develop a sustainable semiconductor and display ecosystem in India. It aims to attract investments, foster research and development, and build a skilled workforce to make India a global hub for chip manufacturing.
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