It is pertinent to mention that government headed by Prime Minister Narendra Modi in year 2020 announced a National Mission on Quantum Technologies & Applications (NM-QTA) with a total budget outlay of Rs 8000 Crore for a period of five years to be implemented by the Department of Science & Technology (DST).
Explained: Where India Stands in Quantum 2.0 Revolution?
Chandigarh (ABC Live): Indian Government today approved Rs.6003.65 crore for the National Quantum Mission (NQM) for current financial year, (2023-2024).
It is pertinent
to mention that government headed by Prime Minister Narendra Modi in year 2020
a National Mission on Quantum Technologies & Applications (NM-QTA) with a
total budget outlay of Rs 8000 Crore for a period of five years to be
implemented by the Department of Science & Technology (DST).
As per claimed by Office of the Principal Scientific Adviser of Government of India country is currently at the forefront of tapping the second quantum revolution through massive investments in the field. Union Budget 2020-21 proposed to spend ₹8,000 crore ($ 1.2 billion) on the newly launched National Mission on Quantum Technologies and Applications (NMQTA) and ₹ 3660 Crore for National Mission on Interdisciplinary Cyber Physical Systems (NM-ICPS).
India today has 21 Quantum hubs, 4 Quantum research parks and allotted Rs 204 crore for quantum-technology research programme in 2018
The UK Defence Science and Technology Laboratory (DSTL) named above named devices as 'quantum 1.0 and thereafter term named quantum 2.0' coined which it defined as a class of devices that actively create, manipulate, and read out quantum states of matter using the effects of superposition and entanglement.
In the realm of Quantum technology we are in the first couple years of its life, According to quantum technology experts Quantum technology promises improvements in everyday gadgets such as navigation, timing systems, communication security, computers, and more accurate healthcare imaging.
Where India stands in Quantum 2.0
From 2010 onwards, multiple governments have established programmes to explore quantum technologies,[such as the UK National Quantum Technologies Programme,[which created four quantum 'hubs', the Centre for Quantum Technologies in Singapore, and QuTech, a Dutch center to develop a topological quantum computer.
In 2016, the European Union introduced the Quantum Technology Flagship, a €1 Billion, 10-year-long megaproject, similar in size to earlier European Future and Emerging Technologies Flagship projects.
In December 2018, the United States passed the National Quantum Initiative Act, which provides a US$1 billion annual budget for quantum research.
China is building the world's largest quantum research facility with a planned investment of 76 billion Yuan (approx. €10 Billion).
In year 2020, Indian government has also invested 8000 crore Rupees (approx. US$1.02 Billion) over 5-years to boost quantum technologies under its National Quantum Mission.
In the private sector, large companies have made multiple investments in quantum technologies. Organizations such as Google, D-wave systems, and University of California Santa Barbara have formed partnerships and investments to develop quantum technology.