Fadnavis Unveils ‘Innovation City’ as Maha Bags ₹14.5 Lakh Cr Investment at Davos
The World Economic Forum Annual Summit 2026, held 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 made a significant announcement that is set to put the state on the global map. Speaking at the summit, Fadnavis unveiled plans to develop a world-class ‘Innovation City’ near Mumbai, which will integrate global best practices and position the city as a future-ready technology and entrepreneurship hub.
The proposed Innovation City is a bold move by the Maharashtra government to create a ecosystem that fosters innovation, entrepreneurship, and economic growth. The city will be designed to provide a holistic environment that supports the development of cutting-edge technologies, start-ups, and businesses. With its strategic location near Mumbai, the financial capital of India, the Innovation City is poised to become a hub for businesses, investors, and innovators from around the world.
The announcement of the Innovation City comes on the heels of Maharashtra securing a whopping ₹14.5 lakh crore investment through Memorandums of Understanding (MoUs) at the World Economic Forum 2026. This is a significant achievement for the state, which has been working tirelessly to attract investments and create a conducive business environment. The investments are expected to create thousands of jobs, stimulate economic growth, and contribute to the overall development of the state.
The proposed Innovation City will be a game-changer for Maharashtra, which has long been a hub for industries such as textiles, pharmaceuticals, and automotive. The city will provide a platform for start-ups, entrepreneurs, and businesses to innovate, collaborate, and grow. With its world-class infrastructure, cutting-edge technology, and innovative ecosystem, the Innovation City is expected to attract businesses, investors, and talent from around the world.
The Maharashtra government has been working closely with industry leaders, experts, and stakeholders to develop a comprehensive plan for the Innovation City. The plan includes the development of state-of-the-art infrastructure, including office spaces, research and development facilities, and innovation labs. The city will also have a robust network of mentors, investors, and industry experts who will provide guidance and support to start-ups and entrepreneurs.
The Innovation City is also expected to have a significant impact on the environment and society. The city will be designed to be sustainable, with green buildings, renewable energy sources, and advanced waste management systems. The city will also have a strong focus on social responsibility, with initiatives to promote education, healthcare, and community development.
The announcement of the Innovation City has been welcomed by industry leaders, who see it as a major opportunity for growth and development. “The Innovation City is a bold move by the Maharashtra government, and it has the potential to put the state on the global map,” said a leading industry expert. “The city will provide a platform for start-ups, entrepreneurs, and businesses to innovate, collaborate, and grow, and it will create thousands of jobs and stimulate economic growth.”
In conclusion, the announcement of the Innovation City by Maharashtra Chief Minister Devendra Fadnavis is a significant development that is set to put the state on the global map. The proposed city will integrate global best practices, position Mumbai as a future-ready technology and entrepreneurship hub, and create a holistic environment that supports innovation, entrepreneurship, and economic growth. With the state securing ₹14.5 lakh crore investment through MoUs at the World Economic Forum 2026, the future looks bright for Maharashtra, and the Innovation City is expected to play a major role in driving growth and development.
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