At Davos, UP Govt And Hero Group Ink MoU For Investment Of ₹4000 Crore

Lucknow/Davos, Jan 19 (TNA) The Hero Future Energies (HFE), part of the Hero Group on Wednesday signed a Memorandum of Understanding with the Uttar Pradesh government for investing ₹4,000 crore in a renewable energy and clean technology project. The MoU was signed by the Agriculture Production Commissioner & Infrastructure & Industrial Development Commissioner Manoj Kumar Singh and Rahul Munjal, Chairman and Managing Director, Hero Future Energies, on the sidelines of World Economic Forum meetings at Davos, Switzerland.

The company currently has a portfolio of 3 GW of grid-connected wind, solar and rooftop solar power generating assets operating in India and Europe and another 2 GW of projects are in the pipeline across India, Vietnam, Bangladesh, and the UK.

Besides this, the delegation also met the top leadership of HCL Technologies, Unilever, Nestle, Microsoft and ReNew today.

In its meeting with Kalyan Kumar, Chief product officer of HCL Technologies, the delegation discussed the company’s expansion of its core product development work in Lucknow. The company has an ongoing project in Lucknow, which includes the HCL IT City, which spans over 100 acres and operates as a SEZ zone.

In another development, the delegation met Ranveer Chandra, MD, Industry Research, Microsoft and discussed the possibility of setting up an AI hub in the state. It also engaged in a productive meeting with Mr Paul Bulcke, Chairman, Nestle Global, in which Manoj Kumar Singh discussed the possibility of setting up a plant of Nestle in Uttar Pradesh. The delegation also explored the opportunity for Nestle to collaborate with the farmers in the State to increase the productivity of milk.