In a significant development at the World Economic Forum, Hero Future Energies (HFE), a subsidiary of the Hero Group, has formally entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh government. The agreement entails a whopping ₹4,000 crore investment in a groundbreaking renewable energy and clean technology project.
The MoU signing ceremony, held on the sidelines of the World Economic Forum meetings, saw the participation of key figures, including Shri Manoj Kumar Singh, Agriculture Production Commissioner & Infrastructure & Industrial Development Commissioner of the UP Government, and Shri Rahul Munjal, Chairman and Managing Director of Hero Future Energies.
Hero Future Energies, with its current portfolio boasting 3 GW of grid-connected wind, solar, and rooftop solar power generating assets in India and Europe, has an additional 2 GW of projects in the pipeline across various locations, including India, Vietnam, Bangladesh, and the UK.
Aside from this groundbreaking collaboration, the delegation engaged with top executives from leading companies such as HCL Technologies, Unilever, Nestle, Microsoft, and ReNew. Notably, discussions with Shri Kalyan Kumar, Chief Product Officer of HCL Technologies, centered around the expansion of core product development work in Lucknow. HCL Technologies is actively involved in the HCL IT City project, spanning over 100 acres, functioning as a Special Economic Zone (SEZ).
Furthermore, the delegation explored possibilities with Shri Ranveer Chandra, MD, Industry Research at Microsoft, focusing on the establishment of an AI hub in the state. Talks with Mr. Paul Bulcke, Chairman of Nestle Global, involved discussions on the potential establishment of a Nestle plant in Uttar Pradesh. Shri Manoj Kumar Singh also delved into the prospect of Nestle collaborating with local farmers to enhance milk productivity in the state.
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