An Indian company, the Hiranandani Group, is set to launch a massive ₹28,440 crore semiconductor project in Noida, distancing itself from well-known entities like Mukesh Ambani’s Reliance, Ratan Tata’s TCS, Narayana Murthy’s Infosys, and Wipro. This announcement forms part of a broader investment strategy amounting to ₹69,000 crore unveiled during the Invest UP roundtable, which took place at Mumbai’s Jio World Convention Centre on May 27.
At the event, Sindoor Mittal, Vice Chairman of Avaada Group, revealed plans for a ₹20,000 crore investment in the solar energy sector. Additionally, UltraTech Cement’s Managing Director, KC Jhanwar, committed ₹1,981 crore for projects in Aligarh, Shahjahanpur, and Tanda. The meeting, chaired by Chief Secretary Manoj Kumar Singh and moderated by Vijay Kiran Anand, the CEO of Invest UP, drew several industry leaders from various sectors.
Invest UP, a newly established investment promotion and facilitation agency by the state government of Uttar Pradesh, actively shared updates and photos from the roundtable on X (formerly Twitter). In a social media post, they highlighted the event’s key points, emphasizing the enthusiastic engagement of industry leaders, who praised Uttar Pradesh’s favorable investment climate, progressive policies, and efficient single-window clearances. Discussions ranged from data centers and cement plants to renewable energy and semiconductors, showcasing the growing confidence among businesses regarding future investments in the state.
According to Invest UP’s official website, the agency aims to foster investment across more than 20 sectors, offering opportunities for businesses to thrive in Uttar Pradesh due to its well-trained workforce and targeted policies.
In a related development, Sanjay Banga, CEO of Tata Power Renewable Energy, announced plans to set up two 800 MW ultra-supercritical power units in Bundelkhand, representing a substantial ₹13,700 crore outlay for the initiative.
Original Source: https://www.india.com/business/this-indian-company-plans-rs-28440-crore-semiconductor-project-in-noida-not-mukesh-ambanis-reliance-ratan-tatas-tcs-narayana-murthys-infosys-wipro-the-name-is-hiranandani-group-7847772/
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Publish Date: 2025-05-28 17:54:00
