Fadnavis Unveils ‘Innovation City’ as Maha Bags ₹14.5 Lakh Cr Investment at Davos
In a significant announcement, Maharashtra Chief Minister Devendra Fadnavis unveiled plans to develop a world-class ‘Innovation City’ near Mumbai, while speaking at the World Economic Forum Annual Summit 2026 in Davos. This ambitious project aims to integrate global best practices, positioning Mumbai as a future-ready technology and entrepreneurship hub. The announcement comes on the heels of Maharashtra securing a whopping ₹14.5 lakh crore investment through Memoranda of Understanding (MoUs) at the World Economic Forum 2026.
The proposed Innovation City is expected to be a game-changer for the state, fostering a culture of innovation, entrepreneurship, and technological advancement. The city will be designed to provide a conducive ecosystem for startups, research institutions, and industries to collaborate and thrive. With its proximity to Mumbai, the financial capital of India, the Innovation City is poised to become a hub for cutting-edge technologies, including artificial intelligence, blockchain, and renewable energy.
Speaking at the World Economic Forum, CM Fadnavis emphasized the importance of innovation and technology in driving economic growth. He highlighted Maharashtra’s commitment to creating a favorable business environment, supported by a robust infrastructure, skilled workforce, and favorable policies. The Chief Minister also underscored the state’s determination to become a leader in the global innovation landscape.
The ₹14.5 lakh crore investment MoUs secured by Maharashtra at the World Economic Forum 2026 are a testament to the state’s attractiveness as a business destination. These investments are expected to generate significant employment opportunities, stimulate economic growth, and contribute to the state’s GDP. The MoUs cover a wide range of sectors, including manufacturing, infrastructure, renewable energy, and technology, demonstrating the diversity and breadth of Maharashtra’s economy.
The World Economic Forum Annual Summit 2026 in Davos provided a platform for Maharashtra to showcase its investment potential and engage with global business leaders, investors, and policymakers. The event saw participation from over 2,500 leaders from around the world, including heads of state, CEOs, and civil society representatives. The forum provided an opportunity for Maharashtra to network, collaborate, and secure investments that will drive growth and development in the state.
The development of the Innovation City and the significant investments secured by Maharashtra are expected to have a positive impact on the state’s economy and society. The project will not only create new job opportunities but also contribute to the growth of a skilled and talented workforce. The Innovation City will also foster a culture of innovation and entrepreneurship, encouraging startups and entrepreneurs to develop new products, services, and solutions that can address some of the world’s most pressing challenges.
In conclusion, the unveiling of the Innovation City and the securing of ₹14.5 lakh crore investment MoUs at the World Economic Forum 2026 are significant milestones for Maharashtra. These developments demonstrate the state’s commitment to innovation, technology, and economic growth, and position Mumbai as a future-ready technology and entrepreneurship hub. As Maharashtra continues to strive for excellence, it is expected that the state will become a leader in the global innovation landscape, driving growth, prosperity, and development for its citizens.
About the Author
