Latest news with #BhaskarKatamneni
Hans India
2 days ago
- Business
- Hans India
AP unveils Amaravati Quantum Valley plan
Vijayawada: The state government on Monday ratified through a government order the Amaravati Quantum Valley Declaration, which will guide the state's efforts to advance quantum technologies and build a vibrant innovation ecosystem, including attracting $1 billion in investments by January 1, 2029. The declaration was announced after deliberations held during the recent Quantum Valley Workshop in Vijayawada recently. "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, IT, Electronics & Communications, in GOMs No 23 on Monday. He further mentioned in the GO that the government organised the Amaravati Quantum Valley (AQV) Workshop on June 30 as landmark initiative aimed at catalysing collaboration across multiple sectors within the government, the industry, academia and startups with an objective of establishing Amaravati as a prominent global hub in the emerging quantum technology landscape. The declaration outlined shared commitments, a long-term vision, and strategic priorities for quantum research, innovation, talent development, infrastructure creation, and international partnerships. As part of joint commitments from global partners, scholars, startups, industry leaders, and other stakeholders, the Amaravati Quantum Valley 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 fiber links, and deployable sensor platforms to support pilot projects across health-tech, banking, financial services, and insurance (BFSI), logistics, defence, and space sectors. 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. 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. The quantum valley aims to attract a minimum of $500 million in investments by January 1, 2027, and $1 billion by January 1, 2029, focusing on quantum computing, chips, sensing, and communications. Besides, 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. 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.
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Business Standard
3 days ago
- Business
- Business Standard
Andhra unveils quantum valley in Amaravati, eyes $1 bn investment by 2029
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 $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 technologiesincluding superconducting circuits, trapped ions, photonic qubits, and neutral atomsare 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 $500 million in investments by January 1, 2027, and $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.
Time of India
3 days ago
- Business
- Time of India
Andhra govt unveils Amaravati Quantum Valley plan, eyes USD 1 bn investment by 2029
Live Events (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, 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 declaration outlines shared commitments, a long-term vision, and strategic priorities for quantum research , innovation, talent development, infrastructure creation, and international reflects Andhra Pradesh's ambition to transform Amaravati into a globally competitive hub for quantum science and workshop hosted discussions on quantum computing , algorithms, hardware, quantum sensing and communication, quantum materials, capacity building, standardization, and a startup ecosystem for part of joint commitments from global partners, scholars, startups, industry leaders, and other stakeholders, the Amaravati Quantum Valley (AQV) will establish a Living Lab 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 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& 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 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, 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 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 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 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 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.
The Hindu
3 days ago
- Business
- The Hindu
Andhra Pradesh Government approves Amaravati Quantum Valley Declaration
The Andhra Pradesh (A.P.) Government issued an Order on Monday (July 7, 2025) approving the Amaravati Quantum Valley Declaration (AQVD) thereby setting the stage for it to serve as a guiding framework for the State's efforts in advancing quantum technologies and nurturing a vibrant innovation ecosystem. Secretary (IT, Electronics & Communications) Bhaskar Katamneni stated in the G.O. that the government organised the Amaravati Quantum Valley Workshop on June 30 as landmark initiative aimed at catalysing collaboration across multiple sectors within the government, the industry, academia and startups with a unified objective of establishing Amaravati as a prominent global hub in the emerging quantum technology landscape. The workshop served as a strategic platform for thought leadership, dialogue, and partnership development across the quantum ecosystem and as a key outcome of the deliberations held during the event, the stakeholders collectively brought out the AQVD as a forward-looking document that encapsulates shared commitments, long-term vision, and strategic priorities for quantum research, innovation, talent development, infrastructure creation, and international engagement. The AQVD reflects the aspiration to transform Amaravati into a globally competitive centre for quantum science and technology. It contains six joint commitments of the Government of Andhra Pradesh and IBM, TCS and L&T, which are partnering to develop the Amaravati Quantum Valley.
Hans India
06-06-2025
- Business
- Hans India
ICEA, IT Ministry urge states to make India a component manufacturing hub
New Delhi: States should work together and leverage Centre's scheme for encouraging domestic manufacturing of electronic components to make India a global hub of components manufacturing, the India Cellular and Electronics Association (ICEA) said on Friday. Various states such as Tamil Nadu, Assam, Uttar Pradesh and Andhra Pradesh are coming up with their own policy for encouraging components manufacturing in their respective states. In an industry event in Andhra Pradesh, Sushil Pal, Joint Secretary, MeitY, emphasised the government's commitment to fostering domestic electronics manufacturing through a hybrid scheme which offers Capex support and turnover linked incentive for components manufacturing. He appealed that states have to play a proactive role in this mission of making India a component manufacturing powerhouse for the world. Bhaskar Katamneni, Secretary, IT & EC, state government, unveiled the draft Electronics Component Manufacturing Policy (ECMP) at the event to encourage manufacturing of electronics components in the state. 'We are not only promoting ease of doing business but also enabling the 'Speed of Doing Business'. Andhra Pradesh is crafting a more competitive and agile policy framework compared to the national landscape,' said Katamneni. He said that the Andhra Pradesh-ECMP will be notified in the next 10 days. Additionally, he also discussed on the draft policy and its offerings, like catalysing investments across the component manufacturing value chain through 50 per cent capex support for components manufacturers in the state, turnover linked incentives doubling the centre's incentives, building specialised infrastructure and plug-and-play clusters, and enabling talent development, skilling and R&D support. Pankaj Mohindroo, Chairman, ICEA said that now is the time that industry should proactively resolve for high domestic value addition in the country and build a robust supply chain for electronics manufacturing. The event was attended by senior government officials from Ministry of electronics and IT and the state, along with manufacturers, industry leaders and other stakeholders of electronics ecosystem.
