Modi to visit Uttar Pradesh and Odisha on October 25
Indian Prime Minister Narendra Modi will open a garment plant in Varanasi and a Reserve Bank of India data centre in Bhubaneswar on October 25, Moody's reports.
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what happened
Indian Prime Minister Narendra Modi will visit the states of Uttar Pradesh and Odisha on Sunday, October 25. According to Moody's, citing a press release, he will open a new garment factory run by Arvind Limited in Varanasi, then watch an Indian Air Force aerial display at Namo Ghat.
In Bhubaneswar, Modi will inaugurate the Reserve Bank of India's data centre and a cybersecurity training institute. The press release says the facility is certified to the Uptime Institute Tier IV standard and is among the largest such centres in the banking, financial services and insurance sector worldwide. The training institute will focus on quantum computing, artificial intelligence and other emerging technologies.
why it matters
For markets, the event is mostly local. The opening of a factory and a data centre does not directly change India's macroeconomic indicators or the rupee. The RBI's investment in resilient payment and settlement infrastructure matters for the country's financial sector, but such openings rarely have a measurable effect on Arvind Limited's share price.
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- PM Modi to visit Uttar Pradesh and Odisha on October 25 — Moody's, 24 October 2026 at 10:46 UTC
- PM Modi to visit Uttar Pradesh and Odisha on October 25 — Moody's, 24 October 2026 at 11:34 UTC
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