India, US to Spend USD 10 Million to Set Up Global Challenge Institute

New Delhi: India and the United States announced several collaborations in the education sector as Prime Minister Narendra Modi and US President Joe Biden held talks on the sidelines of the G20 summit in New Delhi on Friday evening.

According to an official statement, Indian universities represented by the Council of Indian Institutes of Technology (IIT Council) and the Association of American Universities (AAU) have entered into an agreement to establish the India-US Global Challenges Institute, pledging a joint initial investment of at least 10 million US dollars.

The Global Challenges Institute will unite leading research and higher education institutions from both nations to advance various fields of science and technology. These fields include sustainable energy, agriculture, health, pandemic preparedness, semiconductor technology, advanced materials, telecommunications, artificial intelligence, and quantum science. This collaboration aims to address global challenges that require interdisciplinary solutions.