Metro India News | AMARAVATI

The Andhra Pradesh cabinet, on Monday,  gave its nod to a series of high-value investment proposals and a forward-looking “Quantum Computing Policy” aimed at positioning the state as a global technology hub. The cabinet approved investments totaling over Rs 1.5 lakh crore. Key projects include a Rs 1.02 lakh crore integrated data center and pumped storage hydropower initiative by the Adani Group in Anantapur district. 

The project is expected to generate 10,000 direct jobs and stimulate ancillary employment in the region. Another major approval came for JSW Neo Energy's Rs 40,000 crore investment in a 9,000 MW renewable energy ecosystem, comprising pumped storage, solar, and wind power facilities across multiple districts. 

The cabinet also approved a Rs 10,000 crore semiconductor fabrication unit by Tata Electronics in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC) of Taiwan. A landmark decision was the approval of the Andhra Pradesh Quantum Computing Policy 2025–2030, making the state the first in India to formulate a dedicated framework for quantum technologies. 

The policy aims to establish a Quantum Valley in Amaravati, foster research collaborations with global institutions, and develop a skilled workforce in quantum computing, cryptography, and related fields. Under the policy, the government will set up a Center of Excellence in Quantum Technologies and offer incentives such as capital subsidies, R&D grants, and tax exemptions for startups and enterprises working in quantum domains. 

The cabinet also approved the establishment of a Deep Tech Research Park in Visakhapatnam and skill development programs targeting 10,000 youth in emerging technologies including AI, blockchain, and quantum computing.