Fadnavis Unveils ‘Innovation City’ as Maha Bags ₹14.5 Lakh Cr Investment at Davos
The World Economic Forum Annual Summit 2026 in Davos, Switzerland, has been a platform for world leaders to come together and discuss the most pressing issues of our time. This year, Maharashtra Chief Minister Devendra Fadnavis took to the stage to announce a groundbreaking initiative that is set to revolutionize the state’s economy and cement its position as a hub for innovation and entrepreneurship. The proposed ‘Innovation City’ near Mumbai is a bold step towards creating a world-class ecosystem that will integrate global best practices, positioning Mumbai as a future-ready technology and entrepreneurship hub.
The announcement comes on the heels of Maharashtra securing an impressive ₹14.5 lakh crore investment through Memoranda of Understanding (MoUs) at the World Economic Forum 2026. This is a testament to the state’s attractiveness as a destination for investors and its potential for growth. The investment commitments are a significant boost to the state’s economy and are expected to create thousands of jobs and stimulate economic activity.
The proposed Innovation City is a key component of the state’s strategy to become a leader in innovation and entrepreneurship. The city will be designed to provide a comprehensive ecosystem that supports the growth of startups and established companies alike. It will feature state-of-the-art infrastructure, including incubators, accelerators, and research institutions, as well as a range of amenities and services that cater to the needs of entrepreneurs and businesses.
Speaking at the World Economic Forum Annual Summit 2026, Chief Minister Fadnavis emphasized the importance of innovation and entrepreneurship in driving economic growth. “We are committed to creating an ecosystem that supports the growth of startups and established companies,” he said. “Our goal is to make Maharashtra a hub for innovation and entrepreneurship, and we believe that the proposed Innovation City is a critical step towards achieving this goal.”
The Innovation City is expected to be a magnet for talent and investment, attracting businesses and entrepreneurs from across the globe. It will be designed to be a sustainable and environmentally friendly city, with a focus on green technology and renewable energy. The city will also feature a range of amenities, including housing, education, and healthcare facilities, making it an attractive destination for people to live and work.
The investment commitments secured by Maharashtra at the World Economic Forum 2026 are a significant milestone in the state’s journey towards becoming a hub for innovation and entrepreneurship. The investments are expected to be made in a range of sectors, including technology, manufacturing, and infrastructure, and will create thousands of jobs and stimulate economic activity.
The World Economic Forum Annual Summit 2026 has been a platform for world leaders to come together and discuss the most pressing issues of our time. The summit has seen a range of announcements and commitments, from investments in renewable energy to initiatives aimed at promoting sustainable development. The proposed Innovation City in Maharashtra is a significant contribution to this global conversation, highlighting the importance of innovation and entrepreneurship in driving economic growth and development.
In conclusion, the proposed Innovation City in Maharashtra is a bold step towards creating a world-class ecosystem that supports the growth of startups and established companies. The investment commitments secured by the state at the World Economic Forum 2026 are a significant milestone in this journey, and are expected to create thousands of jobs and stimulate economic activity. As the world looks to the future, it is clear that innovation and entrepreneurship will play a critical role in driving economic growth and development. The proposed Innovation City in Maharashtra is a significant contribution to this global conversation, and is expected to position Mumbai as a future-ready technology and entrepreneurship hub.
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