Maharashtra Chief Minister Devendra Fadnavis has announced plans to develop an "Innovation City" in the state, following the model of Gujarat’s GIFT City. Fadnavis outlined this initiative at a forum focused on start-ups and technology in Mumbai, emphasising the necessity to bolster Maharashtra’s role as a leader in India’s burgeoning start-up ecosystem.

The new "Innovation City" will serve as a dedicated hub for technology and innovation, providing a fertile environment for start-ups, particularly those in emerging fields such as artificial intelligence (AI). "Just as Gujarat's GIFT City has been developed, we aim to build the Innovation City in Maharashtra even faster," Fadnavis said.