The approval of the National Quantum Mission by the Indian Cabinet is a significant development for the country’s quantum technology sector. The mission aims to accelerate research and development in the field of quantum computing, communication, and cryptography, as well as develop and promote quantum applications in various industries.
The mission has a budget of Rs. 8,000 crore ($1.1 billion) over a period of five years and will focus on four key areas: building a workforce for quantum research and development, developing a quantum computing ecosystem, creating infrastructure for research and development, and promoting international collaborations.
The mission is expected to boost Indian startups in the quantum technology sector by providing them with funding, technical support, and access to state-of-the-art research facilities. It will also promote collaboration between startups and academic institutions, as well as with international organizations and companies.
The mission was launched in March 2021, following the announcement made by Finance Minister Nirmala Sitharaman in her budget speech. The mission is being implemented by the Department of Science and Technology and is expected to have a significant impact on the development of the quantum technology sector in India. The mission aims to develop a comprehensive quantum technology ecosystem in the country, which includes developing quantum computing hardware, software, and applications. The mission also aims to create a workforce of skilled researchers and engineers to support the development of quantum technology in the country. One of the key objectives of the mission is to promote collaboration between Indian startups and international organizations and companies. This will help startups access the latest technology and expertise, as well as new markets and investment opportunities.
The National Quantum Mission is expected to benefit a wide range of sectors, including finance, healthcare, defense, and communications. Quantum computing has the potential to revolutionize these sectors by providing faster, more secure, and more efficient solutions to complex problems.
The National Quantum Mission is a significant initiative by the Indian government to promote the development of quantum technology in the country. It is expected to have a positive impact on the country’s startup ecosystem and help India become a global leader in the field of quantum technology.