Maharashtra will create ecosystem for start-ups: Fadnavis

Maharashtra will create an ecosystem to encourage start-ups, Chief Minister Devendra Fadnavis said on Sunday.

"Innovation in startups should be encouraged. We have lacked in creating the ecosystem and now we need to create that. For start-ups, we need to do the hand-holding, mentoring and financing and marketing," Fadnavis said at the Make in India Week event here.

"The Maharashtra State Innovation Council would create ideas for innovation which will require support of government. We believe if we create the ecosystem in the state it can lead in innovation explosion in the country.

"In India, innovation is the way forward. The role of the government is to create the much needed ecosystem to create opportunities for the young minds to innovate. In a country like India we cannot any more look at the growth trajectory the way we used to in the past," he added.

Fadnavis also said the world is looking at new investment destinations, and India has the potential to become the next such destination.