Quantum mission kicks off; ₹6K cr for eight years
Mint Mumbai|April 20, 2023
Over the eight-year mission period, the government aims to help build up to 1,000 qubits of quantum computing power, and 2,000 km of quantum communications network in India.
Shouvik Das
Quantum mission kicks off; ₹6K cr for eight years

Over the eight-year mission period, the government aims to help build up to 1,000 qubits of quantum computing power, and 2,000 km of quantum communications network in India. The investment will primarily go into building quantum computing power for research.

Details of the mission were announced by Union information and broadcasting (I&B) minister Anurag Singh Thakur and minister of state (MoS) for science and technology Jitendra Singh on Wednesday.

“India is today one of the biggest utilizers and stakeholders of information technology (IT), and quantum technologies are essentially related with information processing and sharing. It can make information processing faster, more authentic, precise and more secure," Singh said after a cabinet meeting.

The mission will work to build 20-50 qubits of computing power by FY26, up to 100 qubits by FY28, and eventually, 1,000 qubits by FY31. In the first three years, the government will also incentivize setting up of up to 1,500km of quantum communications networks using satellite services, Singh said at a press conference. A qubit is the fundamental building unit of quantum computing, similar to how bits are fundamental units of classical computing.

To be sure, the final amount of 6,003.65 crore is less than 8,000 crore proposed for a five-year mission proposed in the FY21 Union budget. Addressing this, Thakur said, “As the technology is evolving, the understanding is evolving too. What wasn’t realized yesterday, is being realized today. Even applications on it will develop accordingly, including investigative healthcare or data security. Other nations are also at research phases right now, so we’re not lagging behind, but are at par with the global leaders, which include the US, Canada, Austria, Finland, China and France."

Diese Geschichte stammt aus der April 20, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der April 20, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MINT MUMBAIAlle anzeigen
Mint Mumbai

Quick Edit: The market's green role

The world needs to bend its rising curve of carbon emissions, a goal that's proving elusive. Adding to the challenge, US climate policy is likely to flip back into neglect mode next year.

time-read
1 min  |
November 18, 2024
Growth shouldn't suffer for want of a market fix
Mint Mumbai

Growth shouldn't suffer for want of a market fix

Packaged food companies should drive a food-processing revolution and run a campaign for substitution of fresh-veggie demand. It'll crush price volatility and open up space for rate cuts

time-read
2 Minuten  |
November 18, 2024
Mint Mumbai

We should reform import tariffs to boost Make in India!

Tariff reforms to resolve duty inversions can arrest the 'cost competitiveness leak' of Indian manufacturing

time-read
3 Minuten  |
November 18, 2024
Trying to quantify everything may worsen human decisions
Mint Mumbai

Trying to quantify everything may worsen human decisions

'Quantification fixation' is real—and we should learn to resist it

time-read
3 Minuten  |
November 18, 2024
Hope has sprung anew amid the thick haze hovering over COP-29
Mint Mumbai

Hope has sprung anew amid the thick haze hovering over COP-29

The climate summit has seen rules being ratified for a carbon market, progress on finance and high corporate participation

time-read
3 Minuten  |
November 18, 2024
Trump's return is set to send the world scouting for fresh options
Mint Mumbai

Trump's return is set to send the world scouting for fresh options

His confrontational stand on issues will ruffle feathers and make nations review their alignments

time-read
3 Minuten  |
November 18, 2024
Mint Mumbai

Why national pride has not helped clean up Delhi's air

A sense of shame was expected to get it done. That hasn't worked. Do we lack the will and talent?

time-read
4 Minuten  |
November 18, 2024
Mint Mumbai

SEBI CAN DO MORE TO DISSUADE RETAIL F&O SPECULATION

A recent Securities and Exchange Board of India (Sebi) report highlighted the significant losses individual traders have incurred in the equity futures and options (F&O) segment between FY22 and FY24.

time-read
3 Minuten  |
November 18, 2024
Mint Mumbai

Is filing ITR in old regime still valid?

I am with the Indian Army. Until last year, we received Form 16 under the old tax regime, including allowances such as HRA, travel and uniform.

time-read
1 min  |
November 18, 2024
Avoid common mistakes in NRO, NRE accounts: A guide for NRIs
Mint Mumbai

Avoid common mistakes in NRO, NRE accounts: A guide for NRIs

Tips on using NRE and NRO accounts to effectively manage funds, repatriate money and remain tax-compliant

time-read
5 Minuten  |
November 18, 2024