India’s plan to invest Rs 8,000 crore over the next five years in the National Misssion on Quantum technology and its applications comes at a time when the world is making bets on the emerging field that has potential impact in areas such as cyber security in the future.“We are right in time for Quantum investment - Most quantum investments are in the US, we are in perfect time because companies like IBM and Google are going to be investing a ton of money and infrastructure assets towards Asia, countries like Japan and Singapore,” said Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research. “if India has a feasible enablement for quantum we are in perfect time.”In October, Google became the first company in the world to achieve Quantum Supremacy after its its 54-qubit Sycamore processor was able to perform a calculation in 200 seconds that would have taken the world’s most powerful supercomputer 10,000 years. In 2018, China claimed that it has built a quantum computer and also launched a quantum satellite into space.India’s department of science has a national mission on Quantum Technologies and Applications, which is collaborating with institutions and companies to build homegrown capablity in quantum technologies.Indian technology service providers have also been carrying out research and development work in quantum computing , as they bet that the technology will increasingly become mainstream. Infosys CEO Salil Parekh told ET in a recent interview that the company had begun looking at quantum offerings for the next wave of its technology investments."This is new. We will not have something next quarter or in the near term. But we are working on it," Parekh said.The newly appointed IBM CEO, Arvind Krishna has also spoken to media earlier on the importance of India improving its focus on quantum computing, citing that China is heavily investing in the technology.