IT Minister Lokesh meets CEOs of leading tech giants to set up GCCs in AP Quantum Valley to take shape in Amaravati in next six months

Andhra Pradesh IT & Electronics Minister Nara Lokesh on Tuesday kicked off his mission to transform the State’s investment landscape, making his first pit stop in Bengaluru with a high-powered investors’ roadshow and calling upon Global Capability Centers (GCCs) to invest in the State.

Leading a high-level engagement with representatives of prominent GCC companies at Manyata Embassy Business Park, Bengaluru, his visit is aimed at apprising global investors of the multifold investment opportunities emerging in Andhra Pradesh, especially with the government’s efforts to establish a Quantum Valley.

Positioning Andhra Pradesh as the next big tech destination, Lokesh invited global players to become part of the State’s rapidly evolving innovation ecosystem.

During the meeting, Lokesh announced that India’s first-ever Quantum Valley is set to take shape in Amaravati within six months, which will be a game-changing leap, just like Silicon Valley in the USA. He also noted that the government has already begun developing Quantum Valley in Amaravati in collaboration with tech titans like TCS, IBM, and L&T.

“The world is now looking at Andhra Pradesh. This is the best time to invest. We are building a future-ready state, from Amaravati to Visakhapatnam,” said Lokesh, addressing the gathering of industry leaders. He emphasized that, “With the State's unmatched investor-friendly policies and cutting-edge infrastructure, along with the visionary leadership of Chief Minister N. Chandrababu Naidu, Andhra Pradesh is offering incentives like no other state in India.”

The Bengaluru roadshow marked the first stop in a series of nationwide and global investment drives aimed at transforming Andhra Pradesh into a global technology and innovation powerhouse.

Key attendees at the roadshow included Ankur Mittal (MD, Lowe’s India), Hariharan Ganeshan (VP, Rolls Royce), Madhu Natesan (VP, Saks Global India), Kaushik Das (MD, JCPenney India), Praveen Mysore (VP, Lululemon), Saif Ahmad Sharif (Director, Delta Airlines), Vasudharini Srinivasan (VP, Victoria’s Secret), Peddaredeppe (Senior Director, Nasuni India), Kavita Ramesh (CFO, ANJ), Shivanand R. Koteswar (Sr. VP, Astral Labs), Lalitha Indrakanti (CEO, Jaguar Land Rover), and Katamneni Bhaskar (Secretary, IT & Electronics Department, Andhra Pradesh).