MELBOURNE, July 13 (Bernama) -- Australia has announced a US$10-million grant to unlock potential in research and education with India, Press Trust of India (PTI) reported.
Australia's Minister for Higher Education Kim Carr made the announcement along with visiting Indian Human Resources Development Minister M Pallam Raju, who was here to seek closer ties with Australian universities and vocational institutions.
Carr said the grant will be provided by the Australia-India Strategic Research Fund (AISRF) which covers joint research in science, technology, biotechnology and climate change.
It also offers fellowships for Australian researchers to work in India.
"Skills development is a global business and knowledge is a global commodity," Carr was qouted as saying from Sydney.
"Education unlocks the great doors of inequality. Our partnership with India will enable us to provide the keys that will open those doors," he said.
The funding is an extension of AISRF's original commitment in 2006 of US$64 million over 10 years.