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 once again proven to be a crucial platform for India to attract foreign investment and showcase its growth potential. This year, Maharashtra has emerged as a major winner, with the state securing a whopping ₹14.5 lakh crore investment through Memoranda of Understanding (MoUs) signed during the summit. The announcement was made by Maharashtra Chief Minister Devendra Fadnavis, who unveiled plans for a world-class ‘Innovation City’ near Mumbai, aimed at creating a future-ready technology and entrepreneurship hub.
Speaking at the World Economic Forum Annual Summit 2026, Fadnavis emphasized the importance of innovation and technology in driving economic growth. He highlighted Maharashtra’s strategic location, skilled workforce, and business-friendly environment, making it an ideal destination for investors looking to tap into the Indian market. The proposed Innovation City is expected to integrate global best practices, providing a unique platform for startups, entrepreneurs, and industries to collaborate and innovate.
The Innovation City project is a significant step towards positioning Mumbai as a major technology hub, rivaling other global cities like Silicon Valley and Singapore. The city will be designed to foster a culture of innovation, with state-of-the-art infrastructure, cutting-edge research facilities, and a vibrant ecosystem that supports entrepreneurship and job creation. The project is expected to attract top talent from around the world, further solidifying Maharashtra’s reputation as a leader in technology and innovation.
The ₹14.5 lakh crore investment MoUs signed during the World Economic Forum Annual Summit 2026 are a testament to the state’s growth potential and the confidence of investors in Maharashtra’s economy. The investments are expected to create thousands of jobs, stimulate economic growth, and contribute to the state’s GDP. The MoUs cover a range of sectors, including technology, manufacturing, infrastructure, and renewable energy, demonstrating the diversity of Maharashtra’s economy and its potential for growth.
The World Economic Forum Annual Summit 2026 has once again proven to be a crucial platform for India to attract foreign investment and showcase its growth potential. The summit provides a unique opportunity for Indian states to promote their investment opportunities, network with global business leaders, and learn from international best practices. Maharashtra’s success at the summit is a result of the state’s proactive approach to investment promotion, its business-friendly environment, and its strategic location.
The proposed Innovation City is a significant step towards realizing Maharashtra’s vision of becoming a trillion-dollar economy. The state has set ambitious targets for economic growth, and the Innovation City project is expected to play a key role in achieving these goals. With its world-class infrastructure, talented workforce, and innovative ecosystem, Maharashtra is poised to become a major hub for technology and entrepreneurship, not just in India but globally.
In conclusion, the unveiling of the Innovation City project and the signing of ₹14.5 lakh crore investment MoUs at the World Economic Forum Annual Summit 2026 are significant milestones for Maharashtra. The state’s proactive approach to investment promotion, its business-friendly environment, and its strategic location have made it an attractive destination for investors. As Maharashtra continues to grow and develop, it is expected to play an increasingly important role in India’s economic growth story, and the Innovation City project is a major step towards realizing this vision.
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