At the Pan‑IIT summit, Lokesh unveiled a 10‑year blueprint that positions Andhra Pradesh as the cradle of India’s next‑generation tech. He said the state will invest ₹4,000 crore in quantum computing labs, drone manufacturing hubs, and a 5‑G data‑centre cluster along the coast. He urged IIT directors to partner in building a deep‑tech ecosystem that could rival Bengaluru and Hyderabad.
The minister cited the 2024 joint declaration between Chief Minister Chandrababu Naidu and Prime Minister Narendra Modi as a springboard for the plan. He noted that the Swarna Andhra 2047 vision aligns with the national Viksit Bharat 2047 agenda, framing Amaravati’s development as a showcase for India’s ambition.
Professor V. Kamakoti of IIT Madras said the state’s ambition is “ambitious but attainable” if it taps research talent. Meanwhile, Dr. B.S. Murthy, director of IIT Hyderabad, praised the “Pan‑IIT Amaravati Council” proposal as a pathway for industry‑backed academic chairs.
Lokesh announced that the state will launch a ₹1,200 crore DeepTech venture fund in June, alongside a technology‑transfer mechanism that will offer tax incentives to foreign investors. He invited the summit’s delegates to tour Amaravati’s progress and to sign memoranda of understanding that could seed the next wave of high‑value projects.