Andhra Pradesh to build unique space economy ecosystem : Minister Lokesh
Visakhapatnam, Nov 13 (TNT) : Andhra Pradesh will develop a distinctive space economy ecosystem to emerge as a leading destination for startups, entrepreneurs and research institutions in the sector, State Education and IT Minister Nara Lokesh said on Friday.
Addressing a session on India’s New Space Economy on the second day of the CII Partnership Summit 2026 here, he said the space economy was entering an exciting phase, offering enormous opportunities for innovation, entrepreneurship and investment.
Lokesh said Andhra Pradesh was positioning itself differently from other states and had generated considerable interest in developing a vibrant space industry. However, building a strong industrial ecosystem could not be achieved merely through incentives or freebies and required collective efforts and collaboration among all stakeholders.
Emphasising the need for coordination among industry leaders, entrepreneurs, thought leaders and academic institutions, he said their collective participation would help identify emerging opportunities, promote innovation and convert new ideas into successful ventures.
Expressing confidence in the State’s vision, Lokesh said the government was committed to translating Chief Minister N. Chandrababu Naidu’s development ambitions into reality.
He reiterated that Andhra Pradesh would focus on building a sustainable and unique space economy ecosystem through entrepreneurship, industry participation and academic collaboration.
TNT KM
