New Delhi: US multinational technology giant IBM on October 18 inked three pacts with IT Ministry in areas of semiconductors, artificial intelligence and quantum computing.

"These are technologies that will shape the future of tech, represents tremendous opportunities for academic, startup and innovation ecosystem, as also the broader opportunity of creating global standard talent," Minister of State for Electronics and IT Rajeev Chandrasekhar said in an official statement.

The three MoUs signed are in the areas of semiconductors, AI and quantum computing, according to an official statement.

The move assumes significance as India is taking decisive steps to position itself in cutting-edge new technologies, said the official statement.

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