Sweden likely to invest 150,000 million in UP

19 Dec 2022 CW Team

Swedish businesspeople are interested in making investments in Uttar Pradesh totaling 150 million euros. According to a statement, the business intentions were submitted at the Stockholm Investment Roadshow on Wednesday.

Swedish corporate houses were invited to the United Provinces' Global Investors Summit in 2023 by Industries Minister Nand Gopal Gupta and Public Works Minister Jitin Prasada, who were leading a delegation of the state government there.

"UP has been chosen by Sweden as the location of its investment in India. At the roadshow, investment intentions were registered for waste management, Film City, retail, and tourism, according to the statement. Ikea submitted a notice of intent to expand its business in Uttar Pradesh, announcing plans to invest $43,000,000,000 in the construction of luxury malls and retail stores, including those in Noida.

Serneke, a Swedish construction business, announced plans to invest 10,000 crore in the Uttar Pradesh Film City project.

Six Memorandums of Understanding totalling 1,200 crore in investments were signed at the same time in Vancouver, Canada. A memorandum of understanding for the establishment of nurture start- ups in Uttar Pradesh was inked during a meeting between the UP government delegation and iCreate founder Parag Amin in New York.

Arvind Kumar, commissioner of infrastructure and industrial development, claimed that UP had grown in popularity as an investment location. Awanish Kumar Awasthi, the chief minister's advisor, stated, "If you are not doing business with UP, then you are missing out on the potential of the largest state in India.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..