Yogi Adityanath's UP govt explains why it scrapped the ₹25,000 crore deal with 1-year-old startup Puch AI within days
Published on: March 27, 2026, 12:38 p.m. | Source: The Economic Times
Puch AI-UP Govt deal cancelled: The Government of Uttar Pradesh has formally cancelled a Memorandum of Understanding (MoU) with Bengaluru-based startup Puch AI, which proposed a ₹25,000 crore investment to establish an AI Park, an AI University, and data center infrastructure in the state. Invest UP announced the termination on Thursday, March 26, 2026, stating that a review revealed a "lack of adequate net worth" and "absence of credible financial linkages".
