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 converge and discuss the most pressing issues of our time. This year, Maharashtra Chief Minister Devendra Fadnavis took to the stage to unveil a revolutionary project that is set to transform the state’s economy and cement its position as a hub for innovation and entrepreneurship. The proposed ‘Innovation City’, to be developed near Mumbai, is poised to integrate global best practices, positioning the city as a future-ready technology and entrepreneurship hub.
Speaking at the summit, Fadnavis expressed his vision for the state, highlighting the potential for Maharashtra to become a beacon for innovation and progress. The ‘Innovation City’ project is a key component of this vision, designed to foster a world-class ecosystem that will attract top talent, startups, and industry leaders from around the world. By leveraging the state’s strategic location, rich resources, and favorable business environment, the ‘Innovation City’ is set to become a magnet for investment, innovation, and growth.
The announcement of the ‘Innovation City’ project comes on the heels of a major investment coup for Maharashtra. The state has secured an impressive ₹14.5 lakh crore in investment commitments at the World Economic Forum 2026, a testament to the confidence of global investors in the state’s potential. These investments are expected to create thousands of jobs, stimulate economic growth, and contribute to the development of key sectors such as technology, manufacturing, and infrastructure.
The ‘Innovation City’ project is a bold step towards creating a holistic ecosystem that will support the growth of startups, entrepreneurs, and industry leaders. By providing access to cutting-edge infrastructure, funding, and mentorship, the city will empower innovators to turn their ideas into reality. The project will also focus on developing a robust network of research institutions, universities, and industry partners, facilitating collaboration and knowledge sharing.
The proposed ‘Innovation City’ will be developed near Mumbai, leveraging the city’s existing infrastructure, talent pool, and connectivity. The location offers unparalleled access to markets, customers, and partners, making it an ideal hub for businesses to grow and thrive. By integrating global best practices, the city will become a benchmark for innovation and entrepreneurship, attracting top talent and investment from around the world.
The Maharashtra government has been working tirelessly to create a favorable business environment, implementing policies and initiatives that support the growth of startups and entrepreneurs. The state has established a range of programs and schemes to provide funding, mentorship, and support to innovators, helping them to navigate the challenges of starting and scaling a business.
The securing of ₹14.5 lakh crore in investment commitments at the World Economic Forum 2026 is a significant milestone for Maharashtra, demonstrating the state’s ability to attract global investment and drive economic growth. These investments will have a multiplier effect, creating jobs, stimulating local economies, and contributing to the development of key sectors.
In conclusion, the unveiling of the ‘Innovation City’ project and the securing of ₹14.5 lakh crore in investment commitments mark a new chapter in Maharashtra’s growth story. The state is poised to become a hub for innovation and entrepreneurship, driven by a world-class ecosystem that will support the growth of startups, entrepreneurs, and industry leaders. As the state continues to attract investment, talent, and innovation, it is clear that Maharashtra is ready to take its place on the global stage as a leader in technology, entrepreneurship, and economic growth.
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