Fadnavis Announces 'Innovation City' at Davos; Tata Group to Invest $11 Billion

• Maharashtra CM Devendra Fadnavis announced an "innovation city" near Mumbai airport to foster new businesses.
• The Tata Group will invest $11 billion in this project, creating a "Plug and Play" ecosystem for startups.
• Maharashtra aims for 52% renewable energy and a circular economy for Mumbai, transforming it into a greener financial capital.
• MMRDA secured $96 billion in investment commitments at WEF 2026 Davos, signing 10 MoUs on the first day.
• These agreements are projected to create 9.6 lakh direct and indirect jobs, positioning MMR as a talent capital.

Why It Matters: Maharashtra secures massive investments for an 'Innovation City' and sustainable development, boosting job creation.