India finally commits to quantum computing, promises $1.12B investment

The Indian government said today it plans to invest ₹8000 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’s investment comes quite late as plenty of nations have already allotted grants for research in the area. In 2016, the European Commission announced €1-billion ($1.13 billion) funding for quantum computing projects. In 2018, US President Donald Trump signed a bill that promised investment of $1.2 billion in the area. Meanwhile, China has already committed over $2 billion…

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