Centre plans US$ 1.2 billion (Rs 10,000 crore) investment in quantum, supercomputing hubs.
- IBEF
- January 17, 2024
The Indian government reportedly plans to allocate up to US$ 1.2 billion (Rs 10,000 crore) to establish supercomputing and quantum computing hubs in collaboration with the private sector through public-private partnerships, as per The Economic Times (ET) report. The official announcement is expected during the Global Artificial Intelligence Summit and Awards scheduled for January 18 and 19. These proposed hubs aim to provide access to high-performance computing, utilizing either a leasing model or a "compute-as-a-service" approach, particularly benefiting startups, micro, small, and medium enterprises (MSMEs), and other companies. Initial plans involve setting up quantum computing hubs in prominent higher education institutions and government research and development (R&D) centers, with the complete development expected to span a decade.
In April 2023, the Union Cabinet approved the National Quantum Mission (NQM) with a total outlay of US$ 722.8 million (Rs. 6,003.65 crore) from 2023-24 to 2030-31. The mission is to enhance research and development and establish an innovative quantum technology ecosystem in India. Initially announced in the 2020 Budget with a commitment of about US$ 1 billion (Rs. 8,000 crore), the program faced a delay of nearly two years.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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