The Telangana government on Saturday signed an MoU with PhotoniC Corporation, a US-based alternative computational technology firm, to set up ‘the first-ever Photonic Valley’ in the world.
“The industrial policy envisages transforming the state as a destination for global technological discourses. As a part of this, the government is facilitating a world-class ecosystem to promote the paradigm of photonics, an alternative computing paradigm capable of transforming present day chip technology,” chief minister’s office said in a release.
Photonics is one of the future technology alternatives envisaging the development of computer chips that work on a medium of silicon circuitry and light pulses and is said to be capable of processing the big data in light speed.
The state government's IT secretary Haripreet Singh and the PhotoniC Corporation CEO Birendra Raj Dutt signed the MoU in the presence of chief minister K Chandrashekhar Rao. The MoU will be followed by a more detailed agreement specifying the roles and responsibilities for the government and the company within 90 days of completion of feasibility report to be prepared by PhotoniC, according the release.
A company overview put out on the Bloomberg website states that the APIC Corporation, also founded by Dutt, is engaged in research, development and production of monolithically integrated photonic-electronic circuits, microprocessors, and reconfigurable fibre networks to defence and federal agencies in the United States.
