Indian Plans to Invest $1.12 Billion in Quantum Computing Research Over Next Five Years

(TheNextWeb) The Indian government said it plans to invest ₹8,000 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 is rahter new to the field, although a few projects are under works on the new technology. Last year, the Department of Science & Technology (DST), set up a research project named Quantum-Enabled Science & Technology (QuEST), with ₹80 crores ($11.2 million) funding in an institute in the southern city of Hyderabad.
To catch up with other countries in the quantum computing field, India will need to invest in the right kind of projects. It might also look to partner with major corporations such as IBM and Google to make use of their expertise in the sector.