Maharashtra Steals the Spotlight as India's Startup Capital

Maharashtra has overtaken Bengaluru as India's startup capital in both number and value, according to Chief Minister Devendra Fadnavis. Addressing COMP-EX 2025, he highlighted the state's advanced position in technology and innovation, particularly in AI, and announced an upcoming 'Innovation City' to bolster this growth.

Maharashtra has claimed the title of India's startup capital, surpassing Bengaluru in both size and financial impact over the last year, Chief Minister Devendra Fadnavis announced on Friday.

Speaking at the tech exhibition COMP-EX 2025, Fadnavis emphasized the importance of embracing Artificial Intelligence (AI) and detailed his administration's efforts to foster AI startups.

Fadnavis highlighted Maharashtra's leadership in technology, noting its role as a hub for unicorn companies, and revealed plans for an 'Innovation City' aimed at furthering the state's dominance in the innovation sector. He also declared Maharashtra as India's fintech capital.

(With inputs from agencies.)