A.P. eyes $2.40-trillion economy riding on cluster-specific strategy, says Lokesh
The strategy spans quantum, horticulture, rare earths to biomedicine; aim is to create blue and white-collar jobs, explains IT & HRD Minister Nara Lokesh at an event in New Delhi
Andhra Pradesh Minister Nara Lokesh announced the development of 23 sector-specific clusters as part of the state's strategy to drive investment, innovation, and job creation. Lokesh stated that Andhra Pradesh, currently a $200-billion economy, aspires to become a $2.40-trillion economy by 2047. The clusters span various sectors such as traditional manufacturing, material sciences, rare earth minerals, AI, data centers, pharma, and biomedicine.
Google's significant investment in the data center sector has been noted, and quantum technology is also a key component of the state's strategy, with a quantum ecosystem being established in Amaravati. The plan includes developing an Indian School of Agriculture to bolster the agricultural research and development ecosystem. Lokesh emphasized the importance of creating both blue and white collar jobs, stating that employment opportunities are being generated across sectors and skill levels.
Additionally, he highlighted the state's focus on horticulture and aquaculture, announcing the launch of the Horticulture Mission on October 2 and the 'P4' model, which involves a Public, Private and People Partnership approach to ensure development benefits reach the less fortunate sections.
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