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Chief Minister N. Chandrababu Naidu Highlights India's Future in AI, Green Energy, and Economic Growth at IIT Madras Summit
Highlights:
• CM Naidu calls on students to transform India with technology and innovation.
• Andhra Pradesh to launch Quantum Valley in partnership with IIT Madras.
• India is set to become the world's top economy with AI and digital advancements.
• There is a green energy revolution in AP to create 7.5 lakh jobs and attract Rs 10 lakh crore in investments.
• CM invites businesses to Andhra Pradesh, promising a strong ecosystem for innovation.
Chennai, March 28, 2025: Chief Minister Nara Chandrababu Naidu addressed the All India Research Scholars Summit (AIRSS)-2025 at the Indian Institute of Technology (IIT) Madras. He was one of the spotlight speakers at the prestigious four-day summit dedicated to research collaborations, industry engagement, and academic excellence.
Prof. V. Kamakoti, Director of IIT Madras, introduced the Chief Minister as the visionary leader behind Cyberabad’s transformation. CM Naidu appreciated the vibrant academic environment of IIT Madras and expressed confidence that India’s future belongs to young scholars and entrepreneurs. He acknowledged the role of IIT Madras in knowledge dissemination and praised its contribution to startups like Agnikul Cosmos and Mindgrow Technologies, which have placed India at the forefront of space and semiconductor innovation.
The Chief Minister reflected on India's economic journey, recalling the pre-liberalisation mixed economy and the impact of the 1992 economic reforms. He highlighted how deregulation in the telecom sector, based on his recommendation, helped drive digital transformation. He recounted his meeting with Bill Gates in the 1990s, which led to Microsoft’s establishment in Hyderabad, and underscored the role of Telugu leaders like Satya Nadella in global technology.
CM Naidu spoke about India's digital revolution, citing Aadhaar and UPI as examples of successful innovations. He noted that by December 2024, India had achieved 1,673 crore UPI transactions, with an annual value exceeding $2.4 trillion. He projected India’s rapid economic growth from the world’s fifth-largest economy in 2021 to potentially reaching first or second place by 2047.
Discussing the global Indian presence, he highlighted how Indians dominate in Silicon Valley, NASA, and Wall Street, and predicted that by 2047, Indians would be the most influential community worldwide. He stressed the importance of AI adoption, noting that 65% of Indians use AI compared to 30% globally. He urged students to apply AI for real-time decision-making and lead in emerging technologies like quantum computing.
The Chief Minister announced Andhra Pradesh’s ambitious plans, including setting up Quantum Valley in Amaravati with the help of IIT Madras. He recalled his foresight in establishing Hyderabad’s Hi-Tech City in 1995 and emphasised the importance of AI, urging students to develop practical use cases. He revealed that Andhra Pradesh is collaborating with IIT Madras, IBM, TCS, and the Government of India to advance deep technology.
On infrastructure and connectivity, he mentioned Google’s upcoming data center and a sea cable from Singapore to Visakhapatnam to enhance global digital links. He also addressed demographic trends, noting the declining fertility rates in South India and the need for stable population growth and skilled migration.
CM Naidu highlighted Andhra Pradesh’s leadership in green energy, with solar power now costing Rs 2 per unit, as he had anticipated. He stated that India aims to produce 500 GW of green energy within five years, with 160 GW coming from Andhra Pradesh. He revealed that AP is set to receive Rs 10 lakh crore in green energy investments, creating 7.5 lakh jobs. NTPC is setting up a green hydrogen unit, and Reliance is investing in bioenergy projects. He also announced plans to install rooftop solar panels in 2 million houses over two years.
Addressing governance and policy, CM Naidu stressed the importance of stable policies, warning against the negative consequences of policy instability in other countries. He emphasised the need for public-private collaboration in education and called for greater philanthropic contributions. He stated that Andhra Pradesh’s IT policy had been a game-changer, proving that policymakers and technocrats must work together.
He concluded by urging students to embrace AI, reminding them that 60% of Indians already use AI. He called for a nationwide drive to develop AI use cases and emphasized the availability of historical data for innovation. He humorously shared how his smart ring tracks his daily health, illustrating the power of real-time AI applications.
CM Naidu assured students and entrepreneurs that Andhra Pradesh is ready to support innovative businesses with proof-of-concept opportunities. He reiterated his optimism about India’s future, underscoring that the right leadership and technological advancements will drive the country toward double-digit economic growth and global leadership by 2047
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