Maharashtra to Get First 'Innovation City' Near Navi Mumbai Airport; Tata Group Invests $11 Billion

• Maharashtra is set to establish its first 'Innovation City' near the Navi Mumbai International Airport, aiming to become a global innovation hub.
• Chief Minister Devendra Fadnavis announced the project, a collaboration with Tata Group, which will invest $11 billion (Rs 1 lakh crore).
• The city will focus on advanced technologies like AI, semiconductors, high-performance computing, and next-generation renewable energy solutions.
• Construction is expected to begin within six to eight months on over 100 acres, providing infrastructure for startups, GCCs, and data centers.
• The project is anticipated to boost local employment, increase property values in Navi Mumbai (Dronagiri, Ulwe, Panvel), and benefit local businesses.

Why It Matters: Maharashtra's 'Innovation City' project, backed by Tata Group, will transform Navi Mumbai into a global tech hub.