Davos, Jan. 22 -- Milind Pimprikar, Founder and Chairman of Caneus International, has announced the launch of the Mid-Technology Readiness Level (Mid-TRL) Institute, a global institute platform to be established in Navi Mumbai with an investment of USD 500 million at the World Economic Forum (WEF) in Davos.

While speaking with ANI, Pimprikar said, "Maharashtra is leading or hosting this project because this is a commercial-driven economic project where all the aerospace players from around the world will come here, not just for Maharashtra but to the entire India. India wants to create the next generation of aircraft, spacecraft, and satellites."

"This is a USD 500 million initiative where the government of Maharashtra is a partner. The...