Andhra govt unveils Amaravati Quantum Valley plan, eyes USD 1 bn investment by 2029
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
Amaravati, The Andhra Pradesh government on Monday approved the Amaravati Quantum Valley Declaration, which will guide the state's efforts to advance quantum technologies and build a vibrant innovation ecosystem, including attracting USD 1 billion in investments by January 1, 2029.The declaration follows deliberations held during the recent Quantum Valley Workshop in Vijayawada."The Government hereby approves the Amaravati Quantum Valley Declaration. This shall serve as a guiding framework for the state's efforts to advance quantum technologies and nurture a vibrant innovation ecosystem," said Bhaskar Katamneni, Secretary to the Government, in a GO.The declaration outlines shared commitments, a long-term vision, and strategic priorities for quantum research , innovation, talent development, infrastructure creation, and international partnerships.It reflects Andhra Pradesh's ambition to transform Amaravati into a globally competitive hub for quantum science and technology.The workshop hosted discussions on quantum computing , algorithms, hardware, quantum sensing and communication, quantum materials, capacity building, standardization, and a startup ecosystem for innovation.As part of joint commitments from global partners, scholars, startups, industry leaders, and other stakeholders, the Amaravati Quantum Valley (AQV) will establish a Living Lab Infrastructure.This includes setting up QChipIN , India's largest open quantum testbed, within a year. It will integrate quantum computers, QKD fibre links, and deployable sensor platforms to support pilot projects across health-tech, Banking, Financial Services, and Insurance (BFSI), logistics, defence, and space sectors.QChipIN will provide end-to-end access to quantum hardware, algorithms, tools, and expert support, housed within a dedicated tech park in collaboration with industry and academia to accelerate domestic R&D.By January 1, 2026, IBM is expected to install its Quantum System Two at AQV, with a target of testing 100 quantum algorithms by the same time. By January 1, 2027, three quantum computers based on different qubit technologies-including superconducting circuits, trapped ions, photonic qubits, and neutral atoms-are planned.Further targets include testing over 1,000 quantum algorithms annually by January 1, 2028, and achieving 1,000 effective qubits of total quantum capacity by January 1, 2029.To boost domestic production, AQV will anchor the indigenous supply chain for qubit platforms, cryo-electronics, photonic packages, quantum chips, quantum dots, readout hardware like single-photon detectors, and control systems, to reach Rs 5,000 crore in annual exports by 2030.In addition to talent development, AQV will spearhead the creation of a National Startup Forum with milestone-based VC funding and mentorship.A dedicated Rs 1,000 crore Quantum Fund and access to Living Lab infrastructure will support at least 20 quantum hardware and security startups in the next year and 100 by 2030, said the declaration. Startups will also benefit from regulatory sandboxes.The quantum valley aims to attract a minimum of USD 500 million in investments by January 1, 2027, and USD 1 billion by January 1, 2029, focusing on quantum computing, chips, sensing, and communications.Andhra Pradesh will also establish a Global Quantum Collaboration Council (GQCC) in Amaravati to align international standards, foster joint R&D, and promote trusted supply chains.A multi-stakeholder Amaravati Quantum Valley Mission Board will oversee governance, with working groups identifying use cases for quantum computing across sectors.Starting in 2026, Amaravati will host an annual World Quantum Expo, with the goal of becoming India's quantum capital and a global hub for deep tech innovation by 2035.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
NMC collects Rs 100 crore in property tax in April-June
Nashik: The Nashik Municipal Corporation's property tax collection reached Rs 100 crore-mark in the April-June quarter of the 2025-26 financial year, slightly lower than the Rs 106 crore collected during the same period last year. NMC officials attributed the collection to rebates of 6-8% on property taxes for prompt payers. NMC is offering rebates for prompt property tax payments, including 8% for payments made in April-May, 6% for June payments and 3% for July payments, with the incentive scheme expiring on July 31. The civic administration also provides 1% additional concessions for online tax payments. Civic officials said they sent out messages to the taxpayers last year to avail themselves of the benefits of the tax rebates. "Employees of the property tax department also visited the houses of the taxpayers, informing them about the tax rebates. This year, however, NMC did not send messages to the taxpayers as they appointed three private agencies for six divisions to distribute property tax bills. Still, NMC managed to collect Rs 100 crore in property tax during the first three months of the financial year," an official said. During the last financial year 2024-25, NMC collected Rs 256 crore in property tax, even though the property tax collection target was Rs 250 crore. NMC has set the property tax collection target of Rs 275 crore for the current financial year.
Deccan Herald
2 hours ago
- Deccan Herald
Karnataka's non-tax revenues surge 134% in first two months this fiscal
In April and May this year, the government has mobilised Rs 4,839.14 crore under non-tax revenues. This is up from Rs 2,060.52 crore of non-tax revenues the government collected in the same period last year.
Indian Express
2 hours ago
- Indian Express
Kerala High Court orders arrest of cargo ship in Rs 9,531-crore damage case
In response to Kerala government's admiralty suit seeking a claim of Rs 9,531 crore following the wreck of container vessel MSC Elsa-3 along the state's coast, the high court on Monday directed the conditional arrest of Liberia-flagged container ship MSC Akiteta II which is currently anchored in Vizhinjam port. The bench of Justice M A Abdul Hakim said the vessel MSC Akiteta II 'along with her hull, tackle, engine, machinery spares, gear, apparel, paraphernalia is ordered to be arrested until Rs 9,531 crore is deposited by the ship in the court or until security for the said amount is furnished by the ship'. Vizhinjam port, operated by Adani group, was directed to execute the arrest of the ship. The matter will come up for hearing again on July 10. The vessel MSC Akiteta II is owned by MSC Shipping Co, which owned the sunken ship MSC Elsa. The claim of Rs 9,531 crore is for pollution (oil and cargo), remediation measures and for loss of livelihood caused to fishermen. The Kerala government's secretary to the environment department had filed the admiralty suit, seeking Rs 8,626.12 croes as compensation towards damage caused by MSC Elsa-3 to the environment, coastline and related interests of the state. Another chunk of the claim, Rs 378.48 crore is meant for taking measures to prevent, minimise or remove the damage caused by the said vessel to the environment, coastline, and related interest in the state. The loss for the fishermen has been pegged at Rs 526.51 crore.
