Cabinet Approves National Quantum Mission To Boost Indian Startups

Cabinet Approves National Quantum Mission To Boost Indian Startups

SUMMARY

The Mission encompasses a period of eight years up to FY31 and will complement existing schemes such as Startup India, Make In India and Stand-up India

Under the Mission, the government will establish four thematic hubs across four areas in top academic and R&D institutes in the country

Compared to its traditional peers, quantum computers can effectively and efficiently process big and complex datasets and are considered the next frontier for computing

In a bid to strengthen the local research and development (R&D) ecosystem, the Union Cabinet on Wednesday (April 19) approved the National Quantum Mission at a total cost of INR 6,003.65 Cr. 

The assent was accorded at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The Mission will encompass a period of eight years from the financial year 2023-24 to 2030-31.

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