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Naidu Launches ₹50-Crore Entrepreneurship Fund, Courts Swiss Investment at WEF

The state is pitching a deep‑tech investment agenda to convert diaspora interest into projects through a regional cluster plan centered on Amaravati.

Overview

  • On day one in Zurich, Chief Minister N. Chandrababu Naidu met Indian Ambassador Mridul Kumar seeking facilitation for Swiss companies to invest in Andhra Pradesh across pharma, medical devices, hardware and other sectors.
  • Naidu announced a ₹50‑crore corpus to help non‑resident Telugus and startups become entrepreneurs, with mentoring and support routed through the Ratan Tata Innovation Hub.
  • The delegation promoted Andhra Pradesh as an AI‑led creative tech hub and held talks with Eros Innovation on initiatives including Eros Gen AI, an AI‑enabled Film City, virtual production studios and a VR tourism program for the state.
  • IT Minister Nara Lokesh detailed a cluster model with Amaravati as the single capital, featuring quantum computing in Amaravati, aquaculture in the Godavari districts, and electronics and renewables in Chittoor, Kadapa and Kurnool.
  • Officials highlighted large recent investment commitments and outlined proposals such as 4% education loans for overseas study, an AP First research center, and plans for a space city and a drone taxi, which are at the announcement stage.