International Technology Engagement Strategy for Quantum (ITES-Q)
India has recently launched its first International Technology Engagement Strategy for Quantum (ITES-Q) on World Quantum Day 2025. This report marks India’s position in the global quantum landscape. With a public investment of $735 million, India ranks 12th globally in quantum funding. In comparison, China leads with a staggering $15.3 billion. Despite lower funding, India holds the 6th position in terms of quantum science and technology startups, boasting 53 startups.
Global Quantum Investments
The United States dominates the quantum investment scene, amassing approximately $6.9 billion. The UK follows with $1.44 billion. India’s private sector has contributed only $30 million. This stark contrast indicates the need for India to enhance its investment strategies to remain competitive in the quantum domain.
Importance of Quantum Science and Technology
Quantum technology is crucial for strategic autonomy. Countries are racing to develop quantum capabilities. This technology has applications across various sectors, including computing, cryptography, and communications. India aims to reduce its dependency on foreign imports by investing in quantum hardware and encouraging innovation.
Role of Startups in Quantum Ecosystem
India ranks 6th in the number of quantum startups. The report emphasises the need for increased funding for these startups. It marks the importance of creating a supportive ecosystem involving government, private sectors, and academia. This collaboration is vital for the growth of quantum technologies in India.
National Quantum Mission (NQM)
The National Quantum Mission focuses on the entire lifecycle of quantum technology, from research and development to market deployment. The mission involves 152 researchers from 43 institutions across 17 states and 2 Union Territories. It aims to translate research into market-ready products.
Global Standards and Strategic Autonomy
India aims to actively participate in defining global standards for quantum technology. Establishing these standards is essential for achieving strategic autonomy. The report stresses that India must engage proactively in international collaborations to ensure its technologies meet global benchmarks.
Future Prospects and Challenges
The ITES-Q report outlines the need for a comprehensive strategy to enhance India’s quantum ecosystem. It identifies gaps in funding and market creation. The government must de-risk investments to attract more private capital. This collaborative approach will help India leverage its strengths in quantum science and technology.
Month: Current Affairs - April, 2025
Category: Science & Technology Current Affairs