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 been a platform for world leaders to come together and discuss the most pressing issues facing the global economy. This year, Maharashtra Chief Minister Devendra Fadnavis took to the stage to unveil an ambitious plan to develop a world-class innovation ecosystem near Mumbai, dubbed ‘Innovation City’. This move is expected to position Mumbai as a future-ready technology and entrepreneurship hub, integrating global best practices to create a thriving ecosystem for startups and businesses alike.
The announcement comes on the heels of Maharashtra securing a whopping ₹14.5 lakh crore investment through Memorandums of Understanding (MoUs) at the World Economic Forum 2026. This is a significant boost to the state’s economy and a testament to the confidence investors have in Maharashtra’s growth potential. The investment commitments are spread across various sectors, including technology, manufacturing, and infrastructure, and are expected to create thousands of jobs and stimulate economic growth in the region.
The proposed Innovation City is envisioned as a hub for cutting-edge technology, innovation, and entrepreneurship. It will bring together academia, industry, and government to create a collaborative ecosystem that fosters innovation and drives growth. The city will be designed to provide state-of-the-art infrastructure, including advanced research facilities, incubators, and accelerators, to support the growth of startups and businesses.
Speaking at the World Economic Forum Annual Summit 2026, CM Devendra Fadnavis emphasized the importance of innovation and technology in driving economic growth. “We believe that innovation is the key to unlocking the full potential of our economy, and we are committed to creating an ecosystem that supports and nurtures innovation,” he said. “Our goal is to make Mumbai a hub for technology and entrepreneurship, and we are confident that the Innovation City will play a critical role in achieving this vision.”
The Innovation City is expected to be a major draw for businesses, startups, and investors, offering a unique combination of infrastructure, talent, and resources. It will provide access to funding, mentorship, and networking opportunities, as well as a platform for companies to showcase their products and services. The city will also be designed to be sustainable and environmentally friendly, with a focus on green technology and renewable energy.
The investment commitments secured by Maharashtra at the World Economic Forum 2026 are a significant boost to the state’s economy. The ₹14.5 lakh crore investment is expected to create thousands of jobs and stimulate economic growth in the region. The investments are spread across various sectors, including technology, manufacturing, and infrastructure, and will help to drive growth and development in these areas.
The World Economic Forum Annual Summit 2026 has provided a platform for world leaders to come together and discuss the most pressing issues facing the global economy. The summit has seen a range of announcements and commitments, from investments and partnerships to policy initiatives and reforms. The unveiling of the Innovation City and the investment commitments secured by Maharashtra are a significant highlight of the summit, and are expected to have a major impact on the state’s economy and growth prospects.
In conclusion, the unveiling of the Innovation City and the investment commitments secured by Maharashtra at the World Economic Forum 2026 are a significant development for the state’s economy. The proposed Innovation City is expected to be a hub for cutting-edge technology, innovation, and entrepreneurship, and will provide a unique combination of infrastructure, talent, and resources for businesses and startups. The investment commitments of ₹14.5 lakh crore are a major boost to the state’s economy, and are expected to create thousands of jobs and stimulate economic growth in the region.
As the world looks to the future, it is clear that innovation and technology will play a critical role in driving economic growth and development. The Innovation City and the investment commitments secured by Maharashtra are a significant step towards creating a future-ready economy, and are expected to have a major impact on the state’s growth prospects.
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