Budget 2020: Sitharaman proposes ₹8,000 crore boost for quantum tech

New Delhi: Giving a huge boost to adoption of emerging technologies, Finance Minister Nirmala Sitharaman on Saturday proposed to provide an outlay of ₹8,000 crore for commercial application of quantum computing like in Blockchain over the next five years under the ‘National Mission on Quantum Technologies and Applications’ in the Union Budget 2020.

“Proposed to provide outlay of ₹8,000 crore for quantum computing over five years to break into this technology. India will be the third country in this area,” Sitharaman said in her second Union Budget presentation in Parliament.

Saying that quantum technology is opening up new opportunities, Sitharaman said that several commercial applications would emerge in the area.