Fadnavis Unveils ‘Innovation City’ as Maha Bags ₹14.5 Lakh Cr Investment at Davos
The World Economic Forum Annual Summit 2026, held in Davos, has been a platform for world leaders to come together and discuss the future of the global economy. This year, Maharashtra Chief Minister Devendra Fadnavis took to the stage to make a significant announcement that is set to change the face of India’s economic landscape. In a move that is expected to cement Maharashtra’s position as a hub for innovation and entrepreneurship, Fadnavis unveiled plans for a world-class ‘Innovation City’ near Mumbai.
The proposed innovation city is designed to integrate global best practices, positioning Mumbai as a future-ready technology and entrepreneurship hub. This ambitious project is expected to attract top talent from around the world, providing a platform for startups, entrepreneurs, and innovators to collaborate and thrive. With its proximity to Mumbai, one of India’s most vibrant and cosmopolitan cities, the innovation city is expected to leverage the city’s existing infrastructure, connectivity, and talent pool to create a unique ecosystem that fosters innovation and growth.
Speaking at the World Economic Forum Annual Summit 2026, Fadnavis emphasized the importance of innovation and entrepreneurship in driving economic growth. “We are committed to creating a world-class innovation ecosystem in Maharashtra, and the proposed innovation city is a significant step towards achieving this goal,” he said. “Our vision is to create a hub that will attract the best talent from around the world, provide a platform for startups and entrepreneurs to innovate and grow, and create a ecosystem that will drive economic growth and job creation.”
The announcement of the innovation city comes on the back of a significant investment commitment secured by Maharashtra at the World Economic Forum Annual Summit 2026. The state has bagged ₹14.5 lakh crore in investment MoUs, a testament to the confidence that global investors have in Maharashtra’s economic potential. This investment is expected to create thousands of jobs, drive economic growth, and contribute to the state’s GDP.
The proposed innovation city is expected to be a key driver of this growth, providing a platform for startups, entrepreneurs, and innovators to collaborate and thrive. With its focus on innovation and entrepreneurship, the city is expected to attract top talent from around the world, providing a unique ecosystem that fosters innovation and growth. The city will also provide access to funding, mentorship, and networking opportunities, making it an attractive destination for startups and entrepreneurs.
The investment commitment secured by Maharashtra is a significant boost to the state’s economy, and is expected to have a positive impact on the state’s GDP. The investment is expected to create thousands of jobs, drive economic growth, and contribute to the state’s development. The investment is also expected to have a positive impact on the state’s infrastructure, with a focus on creating world-class infrastructure that will support the growth of the innovation city.
The World Economic Forum Annual Summit 2026 has been a platform for world leaders to come together and discuss the future of the global economy. The summit has seen a number of significant announcements, including the launch of new initiatives and partnerships that are expected to drive economic growth and job creation. The announcement of the innovation city and the investment commitment secured by Maharashtra are significant developments that are expected to have a positive impact on the state’s economy and contribute to the country’s growth.
In conclusion, the unveiling of the ‘Innovation City’ by Maharashtra Chief Minister Devendra Fadnavis is a significant development that is expected to cement the state’s position as a hub for innovation and entrepreneurship. The proposed innovation city is expected to attract top talent from around the world, provide a platform for startups and entrepreneurs to innovate and grow, and create a unique ecosystem that fosters innovation and growth. With the investment commitment secured by Maharashtra, the state is poised for significant economic growth, and the innovation city is expected to play a key role in driving this growth.
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