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India, Sweden ink pact to collaborate on solutions for smart cities, clean tech

Date: 11 April 2019 Tags: India & World

India and Sweden have launched joint Collaborative Industrial Research and Development Programme aimed at working towards addressing range of challenges around smart cities and clean technologies among others. The programme is co-funded by India’s Department of Science and Technology (DST) and Swedish agency Vinnova.

India-Sweden Collaborative Industrial Research and Development Programme

  • It will see Swedish and Indian innovators work together and develop solutions that benefit both sides.
  • Under it, Sweden’s Vinnova will provide funding to Swedish participants up to 2,500,000 Swedish Krona (around Rs 1.87 crore) as grant.
  • On the Indian side, conditional grant of up to 50% (with a limit of Rs 1.5 crore) per project will be provided to the Indian partners.