Maharashtra Chief Minister Devendra Fadnavis on Thursday announced the development of a state-of-the-art "innovation city" situated near the Mumbai airport to help new businesses grow. 

CM Fadnavis further revealed that the Tata Group will invest 11 billion dollars in this project. The project announced by Devendra Fadnavis aims to provide a "plug and play" ecosystem specifically designed to support the start-up community, as reported by news agency ANI.