UP secures ₹50,000 crore investment proposals at Bengaluru roadshow, targets 500 GCCs by 2031

Uttar Pradesh has received investment proposals worth more than ₹50,000 crore from over 15 companies during a roadshow in Bengaluru, as the state steps up efforts to attract investments in industrial parks, Global Capability Centres (GCCs), electronics manufacturing and logistics.

The commitments were announced at the Uttar Pradesh Global Growth Dialogue 2026, where Chief Minister Yogi Adityanath met executives from technology companies, infrastructure developers, investors and GCC operators. Several memoranda of understanding (MoUs) were signed during the event, with the state government positioning the proposals as part of its broader ambition to expand industrial activity and attract higher private-sector investment.

Real estate and industrial parks drive investment pipeline

The largest commitments came from developers and business park operators. Horizon, backed by Blackstone, proposed investments of ₹10,000 crore, while Prestige Group committed ₹15,000 crore. Embassy and Raheja Mindspace REIT announced proposals worth ₹5,000 crore each, while Sattva Developers proposed investments of ₹4,000 crore.

Shriram Properties also signed an MoU to develop industrial and business parks in the state.

Taken together, the commitments indicate growing interest in commercial real estate and industrial infrastructure, segments that have become critical as states compete to attract manufacturing investments and service-sector expansion.

GCC strategy takes centrestage

Uttar Pradesh also secured commitments from companies operating in the GCC ecosystem. Firms including LG, Aon, MetLife and Table Space signed MoUs, while staffing company TeamLease entered into a non-financial agreement focused on talent development for GCCs.

During the discussions, Adityanath outlined the state's ambition to establish itself as a major GCC destination. "The government aims to develop 40 million square feet of Grade-A office space and establish 500 GCC units by 2031," he said.

The state is also banking on its talent base to support the strategy. According to the chief minister, Uttar Pradesh produces nearly 200,000 STEM graduates annually and is expanding skill-development initiatives in areas such as artificial intelligence, machine learning, cybersecurity and cloud computing.

Chasing a larger share of FDI

The Bengaluru outreach comes as Uttar Pradesh seeks to strengthen its position in India's investment landscape and emerge among the country's top destinations for foreign direct investment (FDI).

The state government said discussions during the event focused on urban infrastructure, emerging technologies, IT and IT-enabled services, and the role of FDI in driving economic growth. The latest investment proposals add to Uttar Pradesh's efforts to build a stronger pipeline of manufacturing, technology and knowledge-sector investments as competition among states for capital intensifies.