Maharashtra Chief Minister Devendra Fadnavis on Thursday outlined a detailed roadmap for India’s first “Innovation City” near Mumbai, saying the project will be finalised within the next six to eight months and is expected to attract investments exceeding Rs 1 lakh crore, reported news agency ANI.

Addressing the World Economic Forum in Davos, Fadnavis said the initiative—being developed in partnership with the Tata Group—has progressed from conceptual discussions held last year to advanced planning stages. He added that the Tata Group, led by chairman N. Chandrasekaran, will anchor the investment alongside participation from several international investors, reported ANI.