Chavan also held talks on the proposed Mumbai Bangalore Development Corridor proposed by Cameron.
UK Prime Minister said he wanted his country's companies to help India develop new cities and districts along a 1,000 km (600 mile) corridor between Mumbai and Bangalore, generating investment projects worth up to $25 billion.
British firms are expected to work with the Indian and British governments to develop nine districts to link Mumbai, India's financial capital with Bangalore, its tech hub.
A state government official told Business Standard, "A state run Maharashtra Industrial Development Corporation (MIDC) will be nodal agency for the proposed Mumbai Bangalore Development Corridor. The project will be developed on PPP basis where in private sector is expected to invest in a big way. The government expects investment in power, gas pipeline infrastructure, gas-based projects, information technology and agriculture."