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Home > All news > Economy, Sustainability > Maharashtra to launch ‘Innovation City’ similar to Gujarat’s GIFT City

Maharashtra to launch ‘Innovation City’ similar to Gujarat’s GIFT City

January 20, 2025
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Maharashtra to launch ‘Innovation City’ similar to Gujarat’s GIFT City

MUMBAI : Maharashtra Chief Minister has announced the creation of an “Innovation City” to foster start-up growth and innovation-based industries, modelled after Gujarat’s GIFT City on National Start-Up Day. The new hub aims to nurture cutting-edge fields like AI and will solidify Maharashtra’s position as India’s start-up capital.

Furthermore, a dedicated ₹200 crore fund has been established to boost start-ups, with a special focus on Tier-2 and Tier-3 cities. Each revenue division will receive ₹30 crore to . . .

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