Prøve GULL - Gratis

The coming quantum leap

Business Standard

|

October 23, 2025

Having turned the old capital of Hyderabad into Cyberabad, Andhra Pradesh CM Chandrababu Naidu is now building a quantum-computing hub in Amaravati, the new state capital. This could catapult India into the league of future tech powers, but there are challenges

- SHINE JACOB

The coming quantum leap

An artist rendition of Andhra Pradesh's vision for the new state capital, Amaravati

(IMAGE: STATE GOVERNMENT)

Way back in 1997, when Microsoft founder Bill Gates was on a visit to New Delhi, his team received an unusual request for a meeting — from the chief minister of Andhra Pradesh, N Chandrababu Naidu. In those days, it was unusual for Indian states to pitch investment opportunities to global business leaders. In the event, a meeting scheduled for 10 minutes got extended to 40. Gates was impressed.

“You are a politician, you make a better presentation than people in my team,” Gates told Naidu, before establishing Microsoft's first development centre outside the US in Hyderabad, which was then the capital of undivided Andhra Pradesh, in 1998. The move transformed Hyderabad into modern-day Cyberabad.

Twenty-eight years on, Naidu is chief minister for the fourth time, but Hyderabad is now the capital of Telangana, which was carved out of Andhra Pradesh in 2014. Never mind — Naidu, 75, is scripting yet another future-tech story for the new capital city of Amaravati with his ambitious Quantum Valley project.

If all goes well, says the state industries ministry, the Amaravati Quantum Valley (AQV) project, developed by IBM, Tata Consultancy Services (TCS) and Larsen & Toubro (L&T), along with the state government, is set to be launched as early as in January 2026. It will manufacture India’s first quantum computers and export them within two years’ time according to Naidu. The project will drive innovations in the sector and is expected to attract investments of $1 billion by 2029.

FLERE HISTORIER FRA Business Standard

Business Standard

Business Standard

‘Investor awareness becomes more important than ever’

Ananth Narayan G describes his three-year tenure as whole-time member of the Securities and Exchange Board of India (Sebi) as a privilege that allowed him to make an impact on a larger canvas.

time to read

3 mins

November 01, 2025

Business Standard

Business Standard

New currency of hard power

If China is an exporting superpower, America is an importing one. Mr Trump has turned what would usually be a liability into an asset

time to read

5 mins

November 01, 2025

Business Standard

Business Standard

Apple's India revenue hits new high in Sep qtr

Apple set an all-time revenue record in India for the September quarter, driven by strong iPhone sales, as the American technology giant’s overall sales revenue reached $102.5 billion globally.

time to read

1 mins

November 01, 2025

Business Standard

Business Standard

USFDA's new biosimilar norms to woo more players, fast-track mkt entry

The US Food and Drug Administration’s (USEDA)'s new draft guidelines aimed at speeding up and reducing the cost of developing biosimilars — lower-priced, near-replicas of complex biologic medicines — could significantly benefit Indian biotech companies.

time to read

2 mins

November 01, 2025

Business Standard

Business Standard

Apple revenue tops $100 bn for first time

iPhone price hike drives record quarter

time to read

1 mins

November 01, 2025

Business Standard

Business Standard

Broking industry sees high growth on digital push

The Indian broking industry is passing through a lean patch after two years of rapid growth and expansion.

time to read

3 mins

November 01, 2025

Business Standard

Business Standard

Al-related stocks have more room to grow'

Artificial intelligence (AI)-related stocks have more room to grow, said Mark Matthews, managing director (MD) and head of research for Asia at Julius Baer during lunch on the sidelines of the Business Standard BFSI Insight Summit 2025 on Friday.

time to read

1 mins

November 01, 2025

Business Standard

Business Standard

'Al unlikely to replace humans in fin services'

Artificial intelligence, or AI, has had an influence in the way we invest in stocks. While it helps you narrow the list of opportunities, it has not reached a point where it can replace wealth managers, points out Shankar Sharma, founder, GQuants, in a fireside chat with A K Bhattacharya. Edited excerpts:

time to read

4 mins

November 01, 2025

Business Standard

Business Standard

Vedanta net profit plunges 59% on exceptional losses

Mining major Vedanta’s consolidated net profit plunged 58.69 per cent year-on-year (Y-0-Y) to %1,798 crore inthe second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported anet exceptional gain of $1,160 crore in Q2FY25.

time to read

2 mins

November 01, 2025

Business Standard

Sebi chief stresses responsible tech use, stronger market resilience

The Securities and Exchange Board of India (Sebi) is promoting the responsible use of emerging technologies, such as artificial intelligence in financial markets, strengthening cybersecurity, and preparing entities for change, said Chairman Tuhin Kanta Pandey on Friday.

time to read

1 mins

November 01, 2025

Listen

Translate

Share

-
+

Change font size