The Andhra Pradesh Cabinet has cleared investment proposals worth nearly Rs 1 lakh crore. This decision spans multiple sectors, including quantum computing, clean energy, and infrastructure. It signals a major push for economic revival and job creation across the state.
Minister Kolusu Parthasarathi announced the approvals, highlighting the government’s focus on innovation-driven growth. A total of 70 agenda items were discussed during the meeting. This comprehensive approach aims to foster sustainable development and large-scale employment.
The investment will significantly boost the state’s economy.
One key approval is the Quantum Computing Policy, designed to position Andhra Pradesh as a national hub. The policy targets attracting one billion dollars in investments. It also expects to draw 5,000 experts and startups into the emerging ecosystem.
This initiative aligns with India’s National Quantum Mission.
Amaravati Quantum Computing Centre received Rs 99.62 crore under the ‘Quantum Valley’ initiative. Developed with IBM and Tata Consultancy Services, it will host India’s largest 133-qubit quantum computer by January 2026. The 50-acre facility includes a Rs 40 crore Quantum Reference Lab.
Startups and researchers will benefit from 365 hours of free computing time annually.
Infrastructure projects also gained substantial funding. A flood pumping station at Undavalli in Amaravati was approved with Rs 595.01 crore. Support from the World Bank and ADB will ensure its successful implementation.
This project aims to enhance urban resilience and water management.
Trunk infrastructure in land pooling zones received Rs 1,863 crore. This includes developing roads and utilities to support growing urban areas. The investment will improve connectivity and essential services for residents.
It is part of a broader strategy to modernize the state’s infrastructure.
Loans totaling Rs 9,000 crore were cleared for urban development. NaBFID will provide Rs 7,500 crore, while APPFCL contributes Rs 1,500 crore. These funds will accelerate housing and infrastructure projects across cities.
They underscore the government’s commitment to sustainable urban growth.
Land transfers under PMAY-U 2.0 will allocate hundreds of acres in Sri Sathya Sai and Chittoor. Valued at Rs 130 crore, this move supports affordable housing initiatives. It aims to provide homes for thousands of families in need.
This effort is crucial for social welfare and urban planning.
The investment covers clean energy and agricultural sectors as well. These areas are vital for diversifying the state’s economy and ensuring food security. They also contribute to environmental sustainability and rural development.
Overall, the approvals reflect a balanced and forward-thinking approach.
With these measures, Andhra Pradesh is set to become a leader in technology and infrastructure. The focus on quantum computing and innovation will attract global attention. It promises to create numerous opportunities for skilled professionals and entrepreneurs.
The state’s economic landscape is poised for transformative growth.