Magazine

Last edition
January 2026

Home › Business ›INOXGFL Group Signs INR 10,500 Cr MoU with UP Govt for 3 GW Module Manufacturing and 2 GW Solar Projects

INOXGFL Group Signs INR 10,500 Cr MoU with UP Govt for 3 GW Module Manufacturing and 2 GW Solar Projects

INOXGFL Group has inked an INR 10,500 crore MoU with the Government of Uttar Pradesh at the World Economic Forum at Davos to develop 2 GW of solar power projects and establish a 3 GW solar module manufacturing facility.

January 21, 2026. By Mrinmoy Dey

INOXGFL Group has signed an INR 10,500 crore Memorandum of Understanding (MoU) with the Invest UP, Government of Uttar Pradesh, at the World Economic Forum at Davos.

Under the agreement, the INOXGFL Group will develop 2 GW of solar power projects across the state and set up a 3 GW solar module manufacturing facility, significantly strengthening Uttar Pradesh’s renewable energy ecosystem. The investment is aimed at enhancing energy security while creating a robust, end-to-end solar value chain within the country.

“This mega investment is more than infrastructure — it’s a bold commitment to energy self-reliance through domestic solar manufacturing, Net-zero emissions, powered by clean, renewable energy, job creation and industrial growth across the state,” stated Invest UP.

This will support the government’s Make in India initiative by reducing reliance on imported solar modules and promoting global-scale manufacturing standards.

The initiative is also set to deliver substantial socio-economic benefits, including large-scale job creation, industrial development, and increased investment inflows into Uttar Pradesh’s clean energy sector. With this MoU, the state reinforces its position as a key hub for renewable energy development and a frontrunner in India’s transition to a sustainable, future-ready energy economy, it said.

Tags:

INOXGFL Group MoU with UP Government