
‘CEO CM' 2.0 takes stage with Amaravati as theme. Quantum Valley is Chandrababu's next centrepiece
The project, allocated 50 acres of land, is in alignment with the National Quantum Mission (NQM). It is designed to include startups, MNCs, academia and research laboratories.
After Cyberabad and Genome Valley, both set up around 25 years back when he was at the helm, Naidu has set out to surpass the legacy left behind in Hyderabad by building a Quantum Valley at Amaravati. Scheduled for inauguration on 1 January next year, Amaravati Quantum Valley (AQV) is a pioneering initiative aimed at establishing India's first dedicated quantum computing and deep tech ecosystem, officials say.
Hyderadabad: A decade since his shift after the bifurcation of Andhra Pradesh, Chief Minister Chandrababu Naidu still grabs any opportunity to evoke his vision, effort in building the IT, bio and business hubs that turned a laidback Hyderabad into a major economic growth engine in the country. Seated in Amaravati, some 300 km from the HITEC city, bio-pharma centre that went to Telangana in 2014, Naidu is drawing up blueprints to find the Andhra Pradesh capital a good spot on the global business-innovation map.
Much like the circular Cyber Towers, a widely recognised office space symbolising Hyderabad's IT prowess, AQV will feature an iconic building housing India's largest quantum computer, requiring highly specialised cryogenic labs and spotless rooms for quantum hardware.
Officials say it allows establishment of a focused high-tech ecosystem dedicated to quantum computing, deep technologies, and research-intensive industries and a state-of-the-art quantum computing center, envisioned to be the largest of its kind in India.
The valley's key components include a Quantum Valley Tech Park to be developed in collaboration with renowned players including IBM, Tata Consultancy Services (TCS), and Larsen & Toubro (L&T).
IBM is set to install its 156-qubit Quantum System Two—the largest and most powerful quantum computer to date in India—while L&T will handle infrastructure development.
TCS will provide quantum computing services and hybrid computing solutions, integrating quantum capabilities into sectors such as healthcare, finance, and manufacturing, a concept note accessed by ThePrint says.
At the same time, academic integration is ongoing with Andhra Pradesh State Council of Higher Education (APSCHE) directing state universities to introduce quantum computing courses. For instance, the Visakhapatnam-based Andhra University plans to offer major and minor degree programmes in quantum computing from 2025–26, ensuring a skilled workforce for the emerging quantum industry.
Aiming to secure a first-mover advantage in the quantum technology sector, the southern state aims to leverage the emerging tech to enhance public services, and 'to develop India's first quantum governance framework.'
While the Naidu government has not disclosed the cost of developing Quantum Valley, it will be part of the broader NQM, 'which is allocated a budget of Rs 6,004 crore for 2023 to 2031 period'.
'Given its prominence in the mission, the Quantum Valley is expected to receive a substantial portion of this funding,' said a state official who did not wish to be named.
The administration has set an ambitious target to complete construction of the main quantum facility, installation of the computing systems, and supporting ecosystem infrastructure by this year's end.
The core partners already involved are IBM, TCS, and academic institutions like IIT Madras. Purdue University and University of Tokyo have accepted proposals to collaborate with the DeepTech Research Park, and the partnerships aim to foster international research collaborations and academic exchanges.
Quantum Valley is also designed as a multi-disciplinary deep tech ecosystem, supporting, attracting a wide range of advanced tech sectors intersecting with or complementing quantum technologies like AI, semiconductors, high-performance computing (supercomputing), defense and space tech, and advanced materials and photonics.
The AQV will support a full range of R&D activities including product design and algorithm development for sectors like healthcare, logistics, and finance advanced prototyping of quantum hardware and software systems and small-scale advanced manufacturing of specialised components like cryogenic devices.
'What makes Quantum Valley stand out is its integrated approach: combining quantum, AI, semiconductors, and advanced manufacturing; hosting MNCs, startups, and academia; and even applying quantum tech to governance. It's the first of its kind in India, and globally rare in its scale, planning, and openness,' the note mentions.
Quantum Valley is in alignment with national missions like Atmanirbhar Bharat and Digital India by building deep-tech capabilities within the country, the note says.
'Precise daily/annual dollar value output is not available because quantum technology is nascent and the Valley's initial focus is R&D, talent development, and ecosystem building, not immediate commercial sales. Its primary output will be intellectual property, scientific breakthroughs, and skilled workforce,' says an official involved in the project.
However, its economic impact will be substantial and indirect: creating high-end jobs, attracting global investment, driving efficiency and new revenue streams for industries adopting quantum solutions, and providing invaluable national security benefits.
The Indian quantum computing market is projected to grow from $71.4 million (2024) to $500 million (2035), with Quantum Valley aiming to be a major catalyst in capturing this growth and establishing India as a global quantum leader, the note adds.
(Edited by Tony Rai)
Also Read: A house for Mr Naidu, finally in Amaravati. Tale of two CMs & their accommodations in AP capital
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
32 minutes ago
- Mint
Timezone steps up India expansion with ₹100 crore plan, eyes 100 centres by 2026
Gift this article New Delhi: Timezone, one of the world's largest family entertainment centre (FEC) brands and owned by Australia-based TEEG (The Entertainment and Education Group), is scaling up its India operations. The company plans to continue investing over ₹ 100 crore annually as it targets 100 locations by 2026, up from 84 currently. It sees potential to expand across more than 80 cities in the country. New Delhi: Timezone, one of the world's largest family entertainment centre (FEC) brands and owned by Australia-based TEEG (The Entertainment and Education Group), is scaling up its India operations. The company plans to continue investing over ₹ 100 crore annually as it targets 100 locations by 2026, up from 84 currently. It sees potential to expand across more than 80 cities in the country. 'We've consistently opened 10 to 12 venues every year, and we plan to continue at that pace," Abbas Jabalpurwala, CEO of Timezone India, told Mint in an interview. 'We should close this calendar year at 92 and cross the 100-venue mark next year. What gives us confidence is that this expansion is largely funded through internal accruals—we've remained profitable throughout." Timezone has been in India for 14 years and, by its own estimates, has invested close to ₹ 800 crore in the country to date. The company typically spends ₹ 8-12 crore per centre, depending on the format. While Timezone does not disclose market-specific revenues, India is its second-largest market after Australia, in terms of both footfalls and revenue. India has emerged as one of TEEG's most important growth markets. The group, which also operates the Play 'N' Learn brand across the Asia-Pacific region, sees rising demand for high-quality social entertainment among Indian consumers. 'The Indian consumer is incredibly aware, aspirational, and eager for world-class social entertainment experiences," said Caroline Leong, group chief customer officer at TEEG, said in the same interview. 'This is no longer a metro-only market. Families, friends—even grandparents—are coming in together." TEEG is jointly owned by the LAI Group, led by the Steinberg family, and Quadrant Private Equity, which acquired a 50% stake in the Timezone business in 2017 to create the current structure. The group operates more than 300 centres across Asia-Pacific under brands such as Timezone, Zone Bowling, Kingpin and Play 'N' Learn. It has also attracted institutional debt funding, with Australian firm QIC acquiring a portion of its A$625 million debt facility. Beyond the metros Having built its early presence in top-tier malls across Mumbai, Bengaluru, Hyderabad and Delhi, Timezone is now expanding into smaller cities such as Anand, Rourkela, Siliguri, and Varanasi. 'We've identified 80 cities we want to be in. Currently, we're present in just 30. So, even if we only open one store per city, we have a solid five-year runway," said Jabalpurwala. The company's newer locations in tier 2 and 3 cities are meeting—or even exceeding—expectations in terms of revenue. 'Tier 2 and tier 3 customers are willing to pay for quality—they know what's available in Mumbai or Delhi because of social media. As long as you don't cut corners on the experience, they respond," he said. Also Read | Can a Dubai-based league take kabaddi to the Olympics? While the company does not share revenue figures, Jabalpurwala said the cost of building a centre typically ranges between ₹ 9,000 and ₹ 12,000 per sq. ft., with a targeted breakeven window of three years. 'ROI-wise, we aim for a three-year payback window, though most locations break even on cash flow within the first month," he noted. Bigger, better centres Timezone recently relaunched its first-ever location at Inorbit Mall in Mumbai's Malad as a flagship venue, spread over 23,000 sq. ft. and packed with group-friendly features—bowling alleys, a laser tag arena for 18 players, bumper cars, cricket mini-games, and a full-service café. While average store sizes range from 9,000 to 15,000 sq. ft., the brand is leaning into larger formats for key locations. This reflects a shift in consumer preferences toward immersive group experiences, particularly in the wake of the pandemic. 'Earlier, people came alone or in pairs. Now it's six, eight, even 10 people coming together. Games are designed for group play—bumper cars, laser tag, VR (virtual reality) experiences," said Leong. Dwell times have grown as a result. On average, customers now spend 60 to 80 minutes per visit, with families flocking in during weekends and holidays. Weekday traffic, too, has picked up, driven by college students and corporate groups, Leong added. Owning the experience Unlike some competitors, Timezone India is fully company-owned and operated, with no franchisees. 'Franchisees may not always uphold the brand spec or invest back in refreshing content, which is non-negotiable for us," said Jabalpurwala. Most leases are long-term—nine to 12 years—and several have already been renewed multiple times. The brand typically accounts for 3-5% of a mall's monthly footfall, and average spending per family ranges from ₹ 2,000 to ₹ 3,000 on weekends. Per-customer spending has also been growing steadily at 8–10% year-on-year, according to Jabalpurwala. What's next? TEEG is exploring the possibility of introducing Kingpin, its upscale bowling-bar format, to India. 'India is evolving fast, and we see space for all our formats eventually," Leong said, though she did not provide a timeline. To deepen customer engagement, Timezone is leaning on data and loyalty tools. Its Powercard and mobile app track detailed user behaviour and enable hyper-personalized offers. 'We have more than 2 million contactable users in India alone, and over 8 million globally. We know what they play, when they come, and what they like to eat," said Leong. While competition is intensifying from brands like Snow World, SMAAASH, and newer trampoline park chains, Timezone maintains a clear lead in the organized indoor FEC segment. It currently operates 84 centres in India, compared with fewer than 20 for SMAAASH and just two for Snow World. According to the company, it holds over 60% of the market share by venue count. Topics You May Be Interested In


Time of India
37 minutes ago
- Time of India
L&T sets up new arm to develop green hydrogen projects
Engineering and construction major Larsen & Toubro (L&T) on Monday announced the incorporation of a new wholly-owned arm, Panipat Green Hydrogen Pvt Ltd. The new wholly-owned subsidiary, Panipat Green Hydrogen, has been formed to develop green hydrogen projects and carry out other related business activities, L&T said in a filing to stock exchanges. In a separate filing, the company said that Fitch Ratings has affirmed Larsen & Toubro (L&T) "long-term foreign and local currency issuer default ratings (IDRs) at 'BBB+'," and states that the outlook is stable. Larsen & Toubro had earlier said it has secured a land parcel in Kandla, Gujarat, for the development of green hydrogen and green ammonia projects . The government is actively promoting green hydrogen as a clean energy source, with initiatives like the National Green Hydrogen Mission and pilot projects focused on its use in transportation.


Time of India
37 minutes ago
- Time of India
Tiruppur Exporters Association seeks govt support for migrants' housing facility
The Tiruppur Exporters Association (TEA), which is facing a labour shortage, has sought the government's support for setting up housing facilities for migrant workers so that the knitwear export hub can attract these workers. Tiruppur currently can employ over 1 lakh additional workers," said K M Subramanian, president of TEA. With the anticipated surge in orders following the implementation of upcoming Bilateral Trade Agreements (BTAs) and Free Trade Agreements (FTAs), the demand for a larger workforce, particularly migrant workers expected to rise significantly, Subramanian said. "However, the lack of adequate housing facilities for these workers poses a serious challenge. As a labour-intensive sector, it is imperative to address this issue promptly," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More "We therefore request government support in establishing hostel facilities, with a funding model comprising 75 per cent contribution from the government and 25 per cent from the industry," the TEA president added. Tiruppur alone contributes to about 68 per cent of the Indian knitwear exports. "We completed the FY25, with Rs 45,000 crore exports, which is 25 per cent more than last year," said the TEA president. Live Events Tiruppur exporters have set an annual growth target of 15 per cent and aim to achieve Rs 1 lakh crore exports by 2030. They are expecting that with the signing of the India-UK Free Trade Agreement (FTA), there will be an increase of 10 per cent in orders when the FTA becomes operational by the end of this year.