Karnataka targets a USD 20B quantum‑driven economy by 2035
The government has also announced that a dedicated 'Quantum Task Force' will be constituted and a strategic roadmap will be prepared, it said.
As part of Karnataka's vision for comprehensive development of the quantum ecosystem, the 'Quantum India Bengaluru Summit' has been planned on July 31 and August 1.
In this context, a high-level meeting was convened on Wednesday at Vidhana Soudha by the Department of Science & Technology, where key representatives from leading quantum technology companies participated. Ministers N S Boseraju (Minor Irrigation, Science & Technology), M B Patil (Industries), and Priyank Kharge (IT&BT) addressed the participants and shared their vision and assurances, an official release said.
Minister Boseraju said the Karnataka government is ready to offer all necessary support to make the state a leader in the quantum sector.
"Under the leadership of Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar, a roadmap will be developed. We will consult the CM on forming a dedicated Task Force to guide this roadmap. Our government is committed to framing the necessary policies to support this mission," he said.
"Our goal is to make Karnataka a USD 20 billion quantum advantage-driven economy by 2035. As part of this vision, India's first 'Quantum India Conclave' will be held on July 31 and August 1 under the Department of Science & Technology," he added.
Industries Minister M B Patil said that the objective is for Karnataka to lead in quantum technology.
"The state government is fully prepared to offer land, infrastructure, and all types of support needed for industries to thrive. We have asked industry representatives to submit their specific requirements, and we are ready to respond with the necessary facilitation," he added.
IT&BT Minister Priyank Kharge highlighted that skill development in human resources is crucial for Karnataka to lead the quantum revolution.
"We are committed to enabling a robust ecosystem of innovation and deep-tech collaboration. Through a phased approach under the proposed Quantum Mission, we aim to become a bridge between industry, academic institutions, and innovation networks. Karnataka must be at the forefront on the global quantum map," he added.
Noting that Karnataka is well-positioned to emerge as a major stakeholder in India's quantum ecosystem, officials said the state offers top academic institutions, industry-friendly policies, world-class infrastructure, forward-looking industries capable of adopting cutting-edge technologies, and a skilled talent pool – strengths that are rare to find in other states.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Pink Villa
7 hours ago
- Pink Villa
Jurassic World Rebirth emerges the 3rd biggest film of 2025 at worldwide box office, Scarlett Johansson starrer crosses USD 700 million globally
Jurassic World: Rebirth, directed by Gareth Edwards and starring Scarlett Johansson, Mahershala Ali, and others, continues its glorious run at the worldwide box office. The Dinosaur sci-fi movie had a blockbuster weekend, entering the top 3 biggest grossers of 2025. Jurassic World: Rebirth clocks over USD 700 million globally The fourth Jurassic World movie ended its third weekend by storming over the USD 700 million mark globally, while taking its domestic cume to the USD 300 million mark. To be precise, Rebirth collected USD 301.5 million in the US, while the international markets contributed a sum of USD 416.8 million, bringing its worldwide cumulative total to a massive USD 718.3 million. With such a superlative box office trend, Jurassic World Rebirth turned into the third-highest-grossing movie in the world, excluding the Chinese movie Ne Zha 2. Lilo and Stitch is dominating the charts with a global turnaround of USD 1.09 billion. A Minecraft Movie, starring Jason Momoa, has secured the second spot among the biggest grossers of 2025, globally, with a cume of USD 955 million. The Scarlett Johansson -led sci-fi thriller is poised to surpass the USD 800 million mark; however, it will be interesting to see whether it can reach the USD 900 million mark by the end of its theatrical run. Analysing its trends and box office pull, it has the potential to expand significantly and even challenge the second spot. Top 5 highest-grossing movies of 2025, excluding Ne Zha 2 Lilo And Stitch: USD 1.09 billion A Minecraft Movie: USD 955 million Jurassic World Rebirth: USD 718 million How To Train Your Dragon: USD 593 million Mission: Impossible- The Final Reckoning: USD 589 million Jurassic World: Rebirth In Theatres Jurassic World: Rebirth plays in theatres now. Stay tuned to Pinkvilla for more updates.
Time of India
7 hours ago
- Time of India
Second airport backed by Abu Dhabi inaugurated in the Maldives with AED 330.5 million investment
The Velana International Airport project was co-financed by ADFD alongside the Saudi Fund for Development, Kuwait Fund for Arab Economic Development, and OPEC Fund for International Development/ Image: WAM The Republic of Maldives and the United Arab Emirates have marked another milestone in a longstanding partnership centered on sustainable development and infrastructure enhancement. Over four decades of cooperation through the Abu Dhabi Fund for Development (ADFD) has seen the successful implementation of critical projects across sectors like tourism, energy, transportation, and healthcare. Most recently, two significant aviation projects, Maafaru International Airport earlier this month and Velana International Airport today, stand as the latest additions to a portfolio exceeding AED 1.11 billion (approx. USD 302 million). These projects are not only infrastructural upgrades but also strategic interventions to enhance connectivity, drive economic growth, and position Maldives as a global hub. Velana Airport Inaugurated on Maldives' 60th Independence Anniversary The Government of Maldives today inaugurated the Velana International Airport, a flagship development aligned with the country's strategic infrastructure goals, with participation from the Abu Dhabi Fund for Development (ADFD) highlighting its key role in the project. The event coincided with the 60th anniversary of the Maldives' independence, adding symbolic significance to the unveiling of this high-impact development. The airport's transformation was made possible by a total investment of AED 330.5 million (USD 90 million) from ADFD, executed in two phases, and co-financed by the Saudi Fund for Development, the Kuwait Fund for Arab Economic Development, and the OPEC Fund for International Development. This multi-stakeholder cooperation highlights a shared commitment among Gulf-based development partners to support inclusive and sustainable growth in developing nations. The inauguration ceremony saw the presence of prominent leaders and officials, including: Dr. Mohamed Muizzu, President of the Republic of Maldives Mohamed Saif Al Suwaidi , Director-General of ADFD Rahma bin Abdulrahman Al Shamsi, UAE Ambassador to the Republic of Maldives Senior representatives from the partnering development funds and both governments The upgraded Velana Airport can now accommodate over 7 million passengers annually, a major boost to the nation's capacity to handle international travel and tourism. Key features of the project include: Expansion of the western passenger terminal Installation of 26 passenger boarding bridges Development of a state-of-the-art international terminal. These infrastructure upgrades aim to position Velana International Airport as a vital commercial, tourism, and investment hub in the Indian Ocean, enhancing the Maldives' global competitiveness in aviation and hospitality. During the inauguration, President Dr. Mohamed Muizzu expressed heartfelt gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, for the enduring support shown by the UAE towards the Maldives' development goals. 'ADFD's financing of Velana International Airport, in partnership with international collaborators, reflects our shared commitment to achieving sustainable development goals and demonstrates a long-term strategic vision for infrastructure development and growth in developing nations. The opening of this airport will further enhance the Maldives' position in the global aviation sector,' he said, adding that the project marks a key step in strengthening the country's global aviation presence. Mohamed Saif Al Suwaidi, Director-General of ADFD, highlighted the significance of the collaboration as a model for regional cooperation in sustainable development: 'Through our partnership with the Government of Maldives and regional development institutions, we have collectively contributed to the country's economic and social growth. Coinciding with the Maldives' Independence Day celebrations, the inauguration of Velana International Airport underscores our ongoing commitment to ensuring greater resource efficiency and supporting our partner nations to build a resilient economy and prosperous future,' he said, noting that the project reflects ADFD's broader mission to support impactful, long-term growth in partner countries. Maafaru Airport Sets the Stage for Regional Connectivity The Velana project follows the recent launch of Maafaru International Airport on 8th July 2025, another high-impact ADFD-funded initiative aimed at improving access to the country's northern islands and luxury resorts. Constructed with an investment of AED 367 million (USD 100 million), Maafaru Airport includes a 2,850-metre-long and 45-metre-wide runway, capable of receiving large wide-body aircraft including Airbus A330 and Boeing 777. The airport is designed to serve as a key gateway to seven surrounding luxury resorts, playing a pivotal role in driving tourism revenue and employment in the region. The inauguration ceremony was attended by: Mohamed Saeed, Minister of Economic Development and Trade of the Maldives Dr. Abdulla Muththalib , Minister of Construction, Housing and Infrastructure Mohamed Saif Al Suwaidi, Director-General of ADFD During the event, Minister Mohamed Saeed extended his appreciation to UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, noting the strategic value of the bilateral relationship and the UAE's unwavering commitment to supporting sustainable development in the Maldives. He also acknowledged ADFD's vital role in helping the country implement transformative projects and strengthen key economic sectors such as transport and tourism. Partnership Built Over Four Decades The Maldives' development partnership with the Abu Dhabi Fund for Development (ADFD) began in 1978. Since then, ADFD has financed 11 strategic projects across vital sectors such as transportation, tourism, energy, and healthcare, with total investments exceeding AED 1.11 billion (USD 302 million). The recently inaugurated airport projects are a continuation of this enduring collaboration, aligning with the Maldives' national development agenda and the UAE's broader vision for international cooperation and sustainable growth. Established in 1971, ADFD is one of the UAE's leading financial institutions, focused on supporting infrastructure development in emerging economies. The Fund manages UAE government grants for key strategic projects and follows a diversified investment strategy that enhances economic resilience in partner countries. It also finances UAE-based private sector companies to help expand their global reach and competitiveness.
Time of India
8 hours ago
- Time of India
Abu Dhabi-backed Velana International Airport in Maldives inaugurated with AED 330.5 million investment
The Velana International Airport project was co-financed by ADFD alongside the Saudi Fund for Development, Kuwait Fund for Arab Economic Development, and OPEC Fund for International Development/ Image: WAM The Republic of Maldives and the United Arab Emirates have marked another milestone in a longstanding partnership centered on sustainable development and infrastructure enhancement. Over four decades of cooperation through the Abu Dhabi Fund for Development (ADFD) has seen the successful implementation of critical projects across sectors like tourism, energy, transportation, and healthcare. Most recently, two significant aviation projects, Maafaru International Airport earlier this month and Velana International Airport today, stand as the latest additions to a portfolio exceeding AED 1.11 billion (approx. USD 302 million). These projects are not only infrastructural upgrades but also strategic interventions to enhance connectivity, drive economic growth, and position Maldives as a global hub. Velana Airport Inaugurated on Maldives' 60th Independence Anniversary The Government of Maldives today inaugurated the Velana International Airport, a flagship development aligned with the country's strategic infrastructure goals, with participation from the Abu Dhabi Fund for Development (ADFD) highlighting its key role in the project. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo The event coincided with the 60th anniversary of the Maldives' independence, adding symbolic significance to the unveiling of this high-impact development. The airport's transformation was made possible by a total investment of AED 330.5 million (USD 90 million) from ADFD, executed in two phases, and co-financed by the Saudi Fund for Development, the Kuwait Fund for Arab Economic Development, and the OPEC Fund for International Development. This multi-stakeholder cooperation highlights a shared commitment among Gulf-based development partners to support inclusive and sustainable growth in developing nations. The inauguration ceremony saw the presence of prominent leaders and officials, including: Dr. Mohamed Muizzu, President of the Republic of Maldives Mohamed Saif Al Suwaidi , Director-General of ADFD Rahma bin Abdulrahman Al Shamsi, UAE Ambassador to the Republic of Maldives Senior representatives from the partnering development funds and both governments The upgraded Velana Airport can now accommodate over 7 million passengers annually, a major boost to the nation's capacity to handle international travel and tourism. Key features of the project include: Expansion of the western passenger terminal Installation of 26 passenger boarding bridges Development of a state-of-the-art international terminal. These infrastructure upgrades aim to position Velana International Airport as a vital commercial, tourism, and investment hub in the Indian Ocean, enhancing the Maldives' global competitiveness in aviation and hospitality. During the inauguration, President Dr. Mohamed Muizzu expressed heartfelt gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, for the enduring support shown by the UAE towards the Maldives' development goals. 'ADFD's financing of Velana International Airport, in partnership with international collaborators, reflects our shared commitment to achieving sustainable development goals and demonstrates a long-term strategic vision for infrastructure development and growth in developing nations. The opening of this airport will further enhance the Maldives' position in the global aviation sector,' he said, adding that the project marks a key step in strengthening the country's global aviation presence. Mohamed Saif Al Suwaidi, Director-General of ADFD, highlighted the significance of the collaboration as a model for regional cooperation in sustainable development: 'Through our partnership with the Government of Maldives and regional development institutions, we have collectively contributed to the country's economic and social growth. Coinciding with the Maldives' Independence Day celebrations, the inauguration of Velana International Airport underscores our ongoing commitment to ensuring greater resource efficiency and supporting our partner nations to build a resilient economy and prosperous future,' he said, noting that the project reflects ADFD's broader mission to support impactful, long-term growth in partner countries. Maafaru Airport Sets the Stage for Regional Connectivity The Velana project follows the recent launch of Maafaru International Airport on 8th July 2025, another high-impact ADFD-funded initiative aimed at improving access to the country's northern islands and luxury resorts. Constructed with an investment of AED 367 million (USD 100 million), Maafaru Airport includes a 2,850-metre-long and 45-metre-wide runway, capable of receiving large wide-body aircraft including Airbus A330 and Boeing 777. The airport is designed to serve as a key gateway to seven surrounding luxury resorts, playing a pivotal role in driving tourism revenue and employment in the region. The inauguration ceremony was attended by: Mohamed Saeed, Minister of Economic Development and Trade of the Maldives Dr. Abdulla Muththalib , Minister of Construction, Housing and Infrastructure Mohamed Saif Al Suwaidi, Director-General of ADFD During the event, Minister Mohamed Saeed extended his appreciation to UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, noting the strategic value of the bilateral relationship and the UAE's unwavering commitment to supporting sustainable development in the Maldives. He also acknowledged ADFD's vital role in helping the country implement transformative projects and strengthen key economic sectors such as transport and tourism. Partnership Built Over Four Decades The Maldives' development partnership with the Abu Dhabi Fund for Development (ADFD) began in 1978. Since then, ADFD has financed 11 strategic projects across vital sectors such as transportation, tourism, energy, and healthcare, with total investments exceeding AED 1.11 billion (USD 302 million). The recently inaugurated airport projects are a continuation of this enduring collaboration, aligning with the Maldives' national development agenda and the UAE's broader vision for international cooperation and sustainable growth. Established in 1971, ADFD is one of the UAE's leading financial institutions, focused on supporting infrastructure development in emerging economies. The Fund manages UAE government grants for key strategic projects and follows a diversified investment strategy that enhances economic resilience in partner countries. It also finances UAE-based private sector companies to help expand their global reach and competitiveness.
