Special grant of Rs.100 Crore each to the universities of Mumbai, Madras and Calcutta for their Research Projects

The Cabinet Committee on Economic Affairs today gave its approval for a special grant of Rs.100 crore each to the University of Mumbai, University of Madras and the University of Calcutta for their research projects on the occasion of their 150th year celebration. The funds will be spent by respective Universities for setting up of their Centres of Nanosciences and Nanotechnology/Bio-medical Nanotechnology in a phased manner.

Implementation of the projects will result in establishment of three world class centres for nanosciences and nanotechnology, which will provide benefits such as additional facilities for research and training in the relevant fields, creation of proper ambience for emergence of successful industries in the relevant fields, creation and introduction of successful new products, filing of additional patents in the fields of nanosciences and nanotechnology and availability of additional trained manpower etc.

The project will be started from current year and will be completed by 2010-11.

Source : Press Information Bureau

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