

Technology
India to issue framework on $730 mn quantum mission in Aug – Crypto News
Speaking at the sidelines of a conference on quantum computing in Moscow on 13 July, Venu Gopal Achanta, director of the National Physical Laboratory (NPL) at the ministry of science and technology’s Council of Scientific and Industrial Research (CSIR), said the framework on The funding outlay and operations to develop the quantum computing ecosystem are likely to be published by August.
“There is a vision document being worked on under the NQM right now. Hopefully by next month (August), there should be a framework or a vision document from the Department of Science and Technology (DST),” Achanta said.
Detailing what the vision document could entail, Achanta said, “Our NQM is currently offering a total grant of $91 million for the next eight years. The Mission will have a hub that will specify the problem areas that it will work on, and this hub will decide what funding should be allocated where. The spokes under these hubs will be responsible for delivering technological outcomes. The spokes under this are free to collaborate with companies, and come under the Department of Science and Technology (DST). This model is similar to what the UK has adopted so far.”
“Discussions are currently ongoing in terms of what this hub and spoke model should be, and by next month, we should have a clear idea in terms of how the functioning of the NQM will be. We’re still discussing if there should be one institute designated as a hub for quantum development, or have a cluster of institutes coming in to break down the work areas and distribute the sectors that we need to work on,” he said.
The quantum mission, announced on 19 April, offered an outlay of 6,003.65 crore to develop expertise and capabilities in four main areas of quantum technologies—communications, computing, metrology and sensing, and materials. Over an eight-year term, the government aims to build up to 2,000 kilometers of quantum communications network and 1,000-qubit quantum computing power by enabling industry-academia partnership and facilitating startups to build quantum computing applications.
A senior industry official, who worked on framing the NQM, said internal discussions have suggested setting up a multi-hub model that distributes tasks based on areas of work and even geographies, since a single hub could find it difficult to handle all areas of work . The person requested anonymity since the issues are still under discussions with the DST. He also added that India already has enough expertise to work on quantum communication applications.
“We have been building soft capabilities in quantum communications for almost a decade, so we do have the know-how that we need in order to build our own quantum communications network,” the official said.
Of the four key areas, quantum communications is the foremost area of interest, driven by geopolitical and cyber security concerns. Achanta said the sector acts as a “low-lying fruit” for work to begin in, and is crucial as well since other nations, such as China, have been building quantum computing capabilities to secure their connections against cyber attacks using quantum computers.
To be sure, a quantum computer is expected to be exponentially more powerful than a classical supercomputer, and can handle a complex task at a fraction of the time taken by a classical supercomputer. This poses cyber security concerns as well, making the field vital to national security.
An increasing number of private companies are also expanding their scope of work on quantum technologies. Tata Consultancy Services (TCS), India’s largest IT services firm, announced a quantum computing lab to build quantum applications, in partnership with Amazon Web Services (AWS). On 24 April, K Ananth Krishnan, chief technology officer at TCS, said in an interview that business use cases for quantum computing are already starting to develop, even though mainstream applications are three to four years away.
“Another decade is the most probable stage where real problems will start getting solved. But, right now is when active business scenarios in financial services, manufacturing, life sciences and chemistry are starting to develop. Businesses are asking whether there are good quantum machines with better quality qubits than we have now and what problems could be solved,” he said.
Other firms that also have quantum capabilities under their umbrella include Tech Mahindra’s Makers Lab, and fellow IT major HCL Technologies’ Q-Labs.
The author was in Moscow on invitation of The Roscongress Foundation to attend Future Technologies Forum 2023.
Catch all the technology news and Updates on Live Mint. Download Mint News App to get Daily market update Live business news,
Updated: 18 Jul 2023, 03:50 PM IST
-
Technology5 days ago
ChatGPT users are mass cancelling OpenAI subscriptions after GPT-5 launch: Here’s why – Crypto News
-
Technology1 week ago
Binance to List Fireverse (FIR)- What You Need to Know Before August 6 – Crypto News
-
Technology1 week ago
Best computer set under ₹20000 for daily work and study needs: Top 6 affordable picks students and beginners – Crypto News
-
Technology3 days ago
iPhone 17 series tipped to cost more than iPhone 16: Here’s how much it could cost in India and US – Crypto News
-
others1 week ago
Bank of America CEO Denies Alleged Debanking Trend, Says Regulators Need To Provide More Clarity To Avoid ‘Second-Guessing’ – Crypto News
-
Business1 week ago
Analyst Spots Death Cross on XRP Price as Exchange Inflows Surge – Is A Crash Ahead ? – Crypto News
-
others1 week ago
Pi Network Invests In OpenMiind’s $20M Vision for Humanoid Robots- Is It A Right Move? – Crypto News
-
Business1 week ago
Pi Network Invests In OpenMiind’s $20M Vision for Humanoid Robots- Is It A Right Move? – Crypto News
-
De-fi1 week ago
TON Sinks 7.6% Despite Verb’s $558M Bid to Build First Public Toncoin Treasury Firm – Crypto News
-
Cryptocurrency5 days ago
DWP Management Secures $200M in XRP Post SEC-Win – Crypto News
-
Cryptocurrency1 week ago
Lido Slashes 15% of Staff, Cites Operational Cost Concerns – Crypto News
-
others1 week ago
Is Friday’s sell-off the beginning of a downtrend? – Crypto News
-
Technology1 week ago
Oppo K13 Turbo, K13 Turbo Pro to launch in India on 11 August: Expected price, specs and more – Crypto News
-
Blockchain1 week ago
Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty – Crypto News
-
Technology1 week ago
OpenAI releases new reasoning-focused open-weight AI models optimised for laptops – Crypto News
-
Blockchain1 week ago
Crypto Market Might Be Undervalued Amid SEC’s New Stance – Crypto News
-
Metaverse1 week ago
ChatGPT won’t help you break up anymore as OpenAI tweaks rules – Crypto News
-
De-fi7 days ago
Coinbase Pushes for ZK-enabled AML Overhaul Just Months After Data Breach – Crypto News
-
De-fi6 days ago
Ripple Expands Its Stablecoin Payments Infra with $200M Rail Acquisition – Crypto News
-
Technology5 days ago
Humanoid Robots Still Lack AI Technology, Unitree CEO Says – Crypto News
-
Cryptocurrency5 days ago
XRP gains legal clarity in US after Ripple settles SEC case – Crypto News
-
Blockchain1 week ago
DeFi Will Become The Default Financial Interface – Crypto News
-
Business1 week ago
Breaking: U.S. CFTC Kicks off Crypto Sprint, Explores Spot and Futures Trading Together – Crypto News
-
others1 week ago
MetaPlanet Launches Online Clothing Store As Part of ‘Brand Strategy’ – Crypto News
-
Technology1 week ago
iPhone users alert! Truecaller to discontinue call recording feature for iOS from September 30. Here’s what you can do… – Crypto News
-
Technology1 week ago
iPhone users alert! Truecaller to discontinue call recording feature for iOS from September 30. Here’s what you can do… – Crypto News
-
others1 week ago
US President Trump issues executive order imposing additional 25% tariff on India – Crypto News
-
Business1 week ago
Analyst Predicts $4K Ethereum Rally as SEC Clarifies Liquid Staking Rules – Crypto News
-
De-fi1 week ago
SEC Says Some Stablecoins Can Be Treated as Cash, but Experts Warn of Innovation Risk – Crypto News
-
Business1 week ago
XRP Price Prediction As $214B SBI Holdings Files for XRP ETF- Analyst Sees Rally to $4 Ahead – Crypto News
-
others7 days ago
EUR firmer but off overnight highs – Scotiabank – Crypto News
-
Blockchain7 days ago
Trump to Sign an EO Over Ideological Debanking: Report – Crypto News
-
others6 days ago
Ripple To Gobble Up Payments Platform Rail for $200,000,000 To Support Transactions via XRP and RLUSD Stablecoin – Crypto News
-
Cryptocurrency5 days ago
Harvard Reveals $116 Million Investment in BlackRock Bitcoin ETF – Crypto News
-
others5 days ago
SEC Latest Filing Reveal Ripple Case Win Could Trigger XRP Treasury Boom Like Ethereum – Crypto News
-
Blockchain1 week ago
GENIUS Act Could Limit Stablecoin Appeal Amid Tokenization Boom – Crypto News
-
Blockchain1 week ago
Trump CFTC Pick Brian Quintenz Questioned On Kalshi Ties – Crypto News
-
others1 week ago
Peter Thiel-Backed Crypto Exchange Bullish Files for $4,230,000,000 IPO: Report – Crypto News
-
Technology1 week ago
Solo Bitcoin miners keep winning against long odds – Crypto News
-
Cryptocurrency1 week ago
Crypto Rises Alongside Stocks as Fed Pivot Bets Build – Crypto News
-
Blockchain1 week ago
Bitcoin Uptrend Over? This Week’s Price Action May Hold The Key – Crypto News
-
Business1 week ago
Trump Says He May Announce Fed Chair Powell’s Replacement “Fairly Soon” – Crypto News
-
Blockchain1 week ago
SEC Says Certain Liquid Staking Activities Fall Outside of Securities Laws – Crypto News
-
Technology1 week ago
SEC Clarifies Liquid Staking Isn’t a Security Amid Project Crypto Push – Crypto News
-
Blockchain1 week ago
Shiba Inu’s Shibarium Is More Than A Layer 2, Expert Reveals What It Is – Crypto News
-
Technology7 days ago
Shiba Inu Community Turns on Shytoshi Kusama, Says He’s “Unfit To Lead” Amid Elections – Crypto News
-
Business6 days ago
OpenAI Launches GPT-5 Amid Competition From Elon Musk’s Grok – Crypto News
-
Technology6 days ago
Breaking: XRP Lawsuit Ends as Ripple and SEC File Joint Dismissal – Crypto News
-
Technology5 days ago
Hulu app to shut down in 2026 as Disney fully merges platform into Disney+ – Crypto News
-
De-fi5 days ago
Circle Mints About $1 Billion in USDC After Flurry of Treasury Moves – Crypto News