Business Economy


India must scale quantum funding through industry: IISc’s Arindam Ghosh

By BD Narayankar

Bengaluru, July 8 (UNI) India must scale up private sector funding and treat quantum as a serious business opportunity if it wants to compete globally in the next wave of technology, said Professor Arindam Ghosh of the Indian Institute of Science (IISc) today.
“Government can only fund the early stage; the private sector must carry it forward,” he said, pointing to the fact that global government investments in quantum research range from $1 billion to $3.5 billion, with the US and China alone committing over $2 billion each.
“When industry participation is added, those numbers grow many times over. India must move in that direction,” he added.
In an exclusive conversation with UNI ahead of Quantum India summit in Bengaluru, Prof Ghosh made a strong pitch for Indian industry to step up. “Quantum must be seen as good business,” he asserted.
“In the US and Europe, quantum tech has advanced largely due to investments from companies like Google, Microsoft, and IBM. India must now sensitise its own industrial players. Without that, the ecosystem cannot sustain or scale.”
He cautioned against replicating global research, arguing that India needs a self-reliant and indigenously built quantum ecosystem. “Our infrastructure must be rooted in local capabilities, not dependent on external coordination. Research should not be repeated.”
Prof. Ghosh praised the Karnataka government’s leadership in this space, especially the establishment of the Karnataka Quantum Research Park. “This is among the first such initiatives in India focused on education and human resource development in quantum. No technology can grow without a pipeline of skilled talent. This park is laying that foundation.”
He underscored the transformative potential of quantum technologies across healthcare, diagnostics, computing, and strategic areas. “We are working with the smallest particles to achieve the biggest transformations. We must build our own processors and systems.”
While acknowledging that India is still in the early stages of quantum adoption—especially in processor development—he said the absence of a globally dominant platform offers India a unique chance. “The US and others are ahead with superconducting and photonic systems, but the field is still open. That gives us a window to catch up.”
With the backing of the National Quantum Mission and increasing state-level involvement, Prof. Ghosh said he is optimistic about India's prospects. “We are building the capabilities to not just match but help shape the future of global quantum technology.”
The week-long Bengaluru summit brings together leading figures from quantum science, policy, and enterprise, aiming to spark innovation and collaboration in positioning India as a global quantum leader.
UNI BDN ARN BM
More News

Bondada Engineering seures ₹469 52-Cr Orders from Adani Group

18 May 2026 | 10:45 PM

Hyderabad, May 18 (UNI) Bondada Engineering Limited on Monday announced it has secured multiple orders worth ₹469.52 crore from the Adani Group for execution of the Balance of System (BOS) package for a 250 MW solar power project at Khavda in Kutch district of Gujarat, one of India’s largest renewable energy hubs.

see more..

Hyd:VIYONA Fintech secures NPCI certification for technology, framework across key payment infrastructure layers

18 May 2026 | 10:45 PM

Hyderabad, May 18 (UNI) Hyderabad based VIYONA Fintech company on Monday said it has secured NPCI certification for its technology and certification framework across multiple critical payment infrastructure layers, including UPI Acquirer, UPI Issuer, IMPS and Interoperable Mobile Banking (IBMB) integrations.

see more..

Zithara AI expands into Australia, onboards luxury jewellery brand as first customer

18 May 2026 | 10:37 PM

Hyderabad, May 18 (UNI) Hyderabad-based Zithara.AI on Monday announced its entry into the Australian market with the onboarding of Ernesto Buono Fine Jewellery as its first customer in the region.

see more..

Jaypee Cement lenders seek higher bid from Adani Group: Sources

18 May 2026 | 8:57 PM

Mumbai, May 18 (UNI) The consortium of lenders with stakes in the bankrupt Jaypee Cement Corporation has initiated talks with the Adani Group seeking an increase in the bid amount, according to official sources.

see more..

Royal Enfield Plans ₹2,500-Cr Greenfield Manufacturing Facility in Andhra Pradesh

18 May 2026 | 7:43 PM

Tirupati (Andhra Pradesh), May 18 (UNI): Royal Enfield on Monday said it is set to acquire a land parcel in Tada near Tirupati in Andhra Pradesh for a new greenfield manufacturing facility as part of its strategic expansion plans.

see more..