Last Updated on January 22, 2026 1:03 pm by INDIAN AWAAZ
WEB DESK
Maharashtra Chief Minister Devendra Fadnavis has announced the development of a state-of-the-art “innovation city” situated near the Mumbai airport to help new businesses grow.
The Chief Minister revealed that the Tata Group will invest 11 billion dollars in this project, which aims to provide a “Plug and Play” ecosystem specifically designed to support the start-up community.
Emphasising the state’s commitment to the International Solar Alliance, Mr Fadnavis stated that Maharashtra is transitioning its energy grid to ensure 52 per cent of its total power is supplied by renewable sources.
Additionally, he outlined a comprehensive vision for a circular economy in Mumbai, focusing on sustainable urban development to transform the city into a greener financial capital.
Meanwhile, the Mumbai Metropolitan Region Development Authority (MMRDA) achieved a historic milestone at the World Economic Forum (WEF) Annual Summit 2026 in Davos, securing investment commitments worth USD 96 billion (8.73 lakh crore rupees) on the very first day through the signing of 10 major Memoranda of Understanding.
The landmark agreements are expected to generate approximately 9.6 lakh direct and indirect jobs, positioning the Mumbai Metropolitan Region (MMR) as the talent capital of India and Asia.