Andhra Pradesh Will Build a Unique Space Economy Ecosystem Unlike Any Other State”: Minister Nara Lokesh

Education and IT Minister Nara Lokesh expressed confidence that Andhra Pradesh would emerge as a unique destination for developing India’s space economy ecosystem, highlighting the growing 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 in Visakhapatnam, Lokesh said the space economy was at the beginning of an exciting phase, with enormous opportunities yet to be explored. He appreciated the innovative startups represented at the session and noted that industry leaders, including Mr. Nair, had helped highlight the vast possibilities and emerging opportunities in the sector.

Lokesh said Andhra Pradesh had created a strong sense of excitement around the space economy and was positioning itself differently from other states. He emphasised that a thriving industrial ecosystem could not be developed merely through incentives or freebies, but required collective efforts and collaboration among all stakeholders.

He stressed the importance of bringing together thought leaders, entrepreneurs and academia to create a sustainable and vibrant space industry ecosystem. According to him, close collaboration among these groups would be essential to identify opportunities, encourage innovation and translate emerging ideas into successful ventures.

Expressing confidence in the state’s vision, Lokesh said Andhra Pradesh was committed to turning its ambitions into reality. He added that when Chief Minister N. Chandrababu Naidu envisioned a development goal, the government would ensure its successful implementation.

Reaffirming the government’s commitment, Lokesh said Andhra Pradesh would work towards building a distinctive and thriving ecosystem for the space economy through collective leadership, entrepreneurship and academic collaboration.