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November 7th, 2007
India and the executive arm of the European Union will set up a corpus fund of 10 million euros (14.7 million dollars) for research in nanotechnology, a top European Commission official said Wednesday. "We are for a joint call which will focus on collaborative research. The effort will receive support of about 5 million euros from each party," the commission's director general for research, Jose Manuel Silva Rodriguez, said at a news briefing in New Delhi.
Rodriguez is on a two-day visit to India to attend the fourth EU- India Science and Technology Cooperation Steering Committee meeting scheduled for Thursday.
"Through this initiative, best institutions in India and the EU will have the opportunity to work together in this important field," Rodriguez was quoted as saying by IANS news agency. He said the project funding may start as early as May 2008.
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