HomeTechnologyGovt to work with TCS, HCL, others for Rs 6,000 crore quantum tech scheme

Govt to work with TCS, HCL, others for Rs 6,000 crore quantum tech scheme

Startups to get funding to create products based on quantum tech; funding disbursals to start from September

June 14, 2024 / 12:54 IST
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A quantum computer can solve some mathematical problems in minutes that could take a traditional computer millions of years to crack
A quantum computer can solve some mathematical problems in minutes that could take a traditional computer millions of years to crack

The government is looking to work with Information Technology (IT) services majors like Tata Consultancy Services, HCL and Tech Mahindra to develop software for quantum technologies under a Rs 6,000 crore scheme, which will support Indian startups and scientists working in the emerging area.

“We are going to involve our software companies like TCS, HCL, Tech Mahindra etc., into this effort. We want them to do research on quantum technologies because there's a huge amount of algorithms required for quantum,” Ajai Chowdhry, co-founder of HCL and chairman of the mission governing board of the National Quantum Mission, told Moneycontrol.

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He said that while the mission is firming up plans to set up four separate hubs for quantum hardware, quantum encryption, sensors, and materials by August, these centres are then expected to start the disbursal of onward funding to startups and researchers by September.

Each of the four hubs will be created at a top research institute like Tata Institute of Fundamental Research (TIFR) or Indian Institute of Science (IISc) — and be set up as a non-profit company.