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 discuss and shape the global economic agenda. This year, Maharashtra Chief Minister Devendra Fadnavis made a significant announcement that is set to revolutionize the state’s economy. Speaking at the summit, Fadnavis unveiled plans to develop a world-class ‘Innovation City’ near Mumbai, which will integrate global best practices and position Mumbai as a future-ready technology and entrepreneurship hub.
The proposed Innovation City is a bold initiative that aims to create a thriving ecosystem for startups, entrepreneurs, and industries to collaborate, innovate, and grow. The city will be designed to provide state-of-the-art infrastructure, cutting-edge technology, and a conducive business environment that fosters innovation and entrepreneurship. This ambitious project is expected to attract top talent from around the world, creating a hub for knowledge sharing, research, and development.
The announcement of the Innovation City comes at a time when Maharashtra has secured an impressive ₹14.5 lakh crore investment through Memorandums of Understanding (MoUs) at the World Economic Forum 2026. This significant investment commitment is a testament to the state’s growing appeal as a business destination and its potential for economic growth. The investments are expected to create new opportunities for employment, drive economic growth, and contribute to the state’s development.
Fadnavis emphasized that the Innovation City will be a key driver of Maharashtra’s economic growth, creating a platform for startups, small and medium-sized enterprises (SMEs), and large corporations to thrive. The city will be designed to provide a seamless and supportive ecosystem for businesses to operate, innovate, and expand. With its strategic location near Mumbai, the Innovation City will have access to a vast pool of talent, world-class infrastructure, and a thriving business community.
The Maharashtra government has been working tirelessly to create a business-friendly environment, streamlining processes, and introducing policies that encourage investment and innovation. The state has been actively promoting its strengths in sectors such as information technology, pharmaceuticals, and manufacturing, which has helped attract investments from around the world.
The World Economic Forum 2026 has been a significant platform for Maharashtra to showcase its potential and attract investments. The state’s delegation, led by Fadnavis, has been engaging with global business leaders, investors, and policymakers to promote Maharashtra as a premier investment destination. The success of the delegation’s efforts is evident in the impressive investment commitments secured during the summit.
The proposed Innovation City and the significant investment commitments are a vote of confidence in Maharashtra’s economic potential and its ability to drive growth and innovation. As the state moves forward with its plans to develop the Innovation City, it is expected to create a ripple effect, driving economic growth, creating new opportunities, and cementing Maharashtra’s position as a leading business destination.
In conclusion, the announcement of the Innovation City and the significant investment commitments secured at the World Economic Forum 2026 are a significant milestone for Maharashtra. The state’s vision to create a world-class innovation ecosystem is a bold step towards driving economic growth, promoting innovation, and creating new opportunities. As the state moves forward with its plans, it is expected to create a thriving business environment that will attract top talent, drive innovation, and contribute to the state’s development.
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