India to invest $1.12 Billion in Quantum Computing

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The Indian government has just made public its plan to research in quantum computing.

It plans to invest a total of ₹8000 crores (around $1.12 Billion) in this field in the next five years.

India is relatively new to this field with just a handful of projects currently running. In 2019, DST (short for Department of Science & Technology) announced the Quantum-Enabled Science & Technology project with an investment in Hyderabad.

Last year, in an interview, Arvind Krishna, CEO of IBM, said there was not any private company in India working in this field. He also urged the country to speed up if it did not want to lose its technological edge.(MobyGeek)

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