Maharashtra to set up Innovation City on lines of GIFT City: CM Fadnavis

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Chief Minister Devendra Fadnavis on Thursday announced plans to establish an Innovation City in Maharashtra on the lines of Gujarat's GIFT City, underscoring the need for efforts to maintain the state's leadership in India's start-up ecosystem.

Speaking at a forum on startups and technology here, he said this initiative would create a hub for technology and innovation, providing fertile ground for start-ups, particularly in emerging areas such as artificial intelligence (AI).

The Gujarat International Finance Tec-City (GIFT City) is India's first International Financial Services Centre under the Special Economic Zone Act.

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Category: BusinessFinance

Markets: India

Topics: Gujarat Devendra Fadnavis GIFT Fadnavis GIFT city Maharashtra

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 14:30:59 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 570 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25190279

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