Tata Plans USD 11 Billion Innovation City Near Navi Mumbai

28 Jan 2026 CW Team

The Tata Group is set to invest USD 11 billion to develop a world-class “Innovation City” near the upcoming Navi Mumbai International Airport, as India seeks to strengthen its global position in artificial intelligence and semiconductor services.

Speaking on the sidelines of the World Economic Forum in Davos, Maharashtra Chief Minister Devendra Fadnavis said international investors are showing strong interest in participating in the project. The investment will include the development of large-scale data centre infrastructure, he added.

Maharashtra contributes more than 10 per cent of India’s gross domestic product, with Mumbai hosting major corporate groups such as Reliance Industries and the Tata Group, the country’s primary stock exchanges, and the Hindi film industry. However, the state faces challenges from high unemployment even as it pursues an ambitious USD 30 billion plan to modernise Mumbai’s infrastructure.

The location of the proposed Innovation City adjacent to the Navi Mumbai International Airport, a flagship project developed by the Adani Group, is expected to create strong synergies between global connectivity and high-technology industries.

The investment comes amid accelerating global spending on artificial intelligence infrastructure. Technology giants such as Microsoft, Alphabet and Amazon are investing billions of dollars in data centres to expand AI capabilities worldwide. According to consultancy McKinsey & Co, global demand for data centre capacity could more than triple by 2030, reaching an annual level of 219 gigawatts.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..