UP Govt Scraps MoU with Puch AI: ‘Firm Lacks Net Worth, Financial Linkages’

Puch AI Deal Scrapped: Uttar Pradesh Government Cancels MoU Signed With Puch AI After Review | 📰 LatestLY

The Uttar Pradesh government on Thursday cancelled the MoU with Puch AI in the interest of transparency and the highest level of probity in governance. Invest UP said in an X post that, as per standard protocols laid by the State Government, the MoU signed with Puch AI on March 23, 2026, was reviewed. 📰 Puch AI Deal Scrapped: Uttar Pradesh Government Cancels MoU Signed With Puch AI After Review.

UP govt scraps MoU with Puch AI: ‘Firm lacks net worth, financial linkages’

Two days ago, Chief Minister Yogi Adityanath had issued a clarification, emphasising that the agreement was only a preliminary step and not a final commitment.

UP govt cancels ₹25,000 crore AI park deal with startup Puch AI after review

New Delhi: The Uttar Pradesh government has cancelled a high-value AI investment deal with startup Puch AI, days after questions began to surface around the company’s financial strength and execution capacity. The move follows a formal review, and it stands out as a rare rollback of a proposed ₹25,000 crore project in the state’s growing push into artificial intelligence. The development was confirmed by Invest UP, which said the decision came a…

UP government cancels AI MoU with Puch

The Uttar Pradesh government has cancelled its Memorandum of Understanding (MoU) with artificial intelligence firm Puch AI due to concerns over the company's financial credibility.

UP govt cancels MoU signed with Puch AI after review

Lucknow, March 26 (SocialNews.XYZ) The Uttar Pradesh government on Thursday cancelled the MoU with Puch AI in the interest of transparency and the highest level of probity in governance. Invest UP said in an X post that, as per standard protocols laid by the State Government, the MoU signed with Puch AI on March 23, 2026, was reviewed. “Necessary details as per SOP were sought from the investor, but they failed to provide them in a timely manner…