India finally commits to quantum computing, promises $1.12B investment

guest · Feb 2, 2020

India finally commits to quantum computing, promises $1.12B investment
February 1, 2020
https://thenextweb.com/in/2020/02/0...-quantum-computing-promises-1-12b-investment/

The Indian government said today it plans to invest ₹8000 crores ($1.12 billion) in quantum computing research over five years. The country’s finance minister, Nirmala Sitharaman, said the scheme will boost the research for technology under the National Mission of Quantum Technology and Application project.

India’s investment comes quite late as plenty of nations have already allotted grants for research in the area.
India is quite new to the field, with very few projects under works on the new technology.

IBM‘s newly appointed CEO, Arvind Krishna, said in an interview last year that he hadn’t seen any Indian startups working actively in the quantum computing area. He also expressed the country could lose its technological edge if it didn’t invest in the sector.
Click to expand...

IBM: IBM’s new CEO wants India to lead ‘quantum’ race

“If you want to simulate a molecule of something like caffeine, which has 160 eletrons, it would require a computer that’s 1/10th the volume of our planet. But that can be done with a quantum computer the size of a small room,” Krishna said while explaining the possibilities with a quantum computer.

“Are start-ups in India interested in quantum computing? I haven’t found any. I found start-ups in Japan, the UK, the US, Canada and Germany,” Krishna said.
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India finally commits to quantum computing, promises $1.12B investment

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