India, Jan. 23 -- Chief minister Devendra Fadnavis on Thursday announced that an Innovation City will be established in collaboration with the Tata Group near the Navi Mumbai International Airport (NMIA), which will act as a model for developing similar hubs in tier-two cities and position Maharashtra as a leading state in artificial intelligence (AI), semiconductors and Global Capability Centres (GCC).

"We have identified land for the Innovation City and will create robust infrastructure there. Companies that are interested in investing will also be allotted land there," Fadnavis said while addressing an online press conference from Davos.

The chief minister is visiting the Swiss city to attend the World Economic Forum, where the state...