In February 2023, an Indian business group signed agreements with the Uttar Pradesh government at its Global Investor Summit to invest an eye-popping Rs 1.65 lakh crore in the state “to set up semiconductors, display fab and chip units,” among other projects. 

Another domestic company signed an MoU (memorandum of understanding) for projects worth Rs 18,000 crore in Ghaziabad and Gautam Buddha Nagar. 

A third MoU had a college committing to invest Rs 40,000 crore in the state, while a relatively smaller but still considerable Rs 1,400-crore investment agreement was inked with an NGO. 

These agreements, along with........

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