VISAKHAPATNAM: Education minister N. Lokesh expressed confidence that Andhra Pradesh would emerge as a distinctive destination for developing India’s space economy, highlighting opportunities for startups, entrepreneurs and research institutions.
Speaking at a session on India’s New Space Economy on the second day of the CII partnership summit 2026 here, Lokesh said the space economy was entering an exciting phase, and enormous opportunities remain unexplored.
He appreciated the innovative startups represented at the session and noted that industry leaders, including air commodore Prasanth B. Nair, had highlighted the possibilities and emerging opportunities in the sector.
Lokesh said Andhra Pradesh was generating interest in the space economy and positioning itself differently. A thriving industrial ecosystem, he felt, could not be developed merely through incentives or freebies. This required collective efforts and collaboration among all stakeholders.
The minister emphasised the need to bring together thought leaders, entrepreneurs and academia to create a sustainable space industry ecosystem. Close collaboration among these groups would be essential to identify opportunities, encourage innovation and turn emerging ideas into successful ventures, he said.
Lokesh expressed confidence in the state’s vision and said the government was committed to turning its ambitions into reality. When the chief minister set a development goal, the government would ensure its implementation, he added.
He said Andhra Pradesh would work towards building a distinctive space economy ecosystem through collective leadership, entrepreneurship and academic collaboration.
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