India-Germany sign joint declaration extending tenure of IGSTC.

 The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday was apprised about signing of a Joint Declaration between the ministry of science & technology and the federal ministry of education and research of Germany on the extension of the tenure of the Indo-German Science & Technology Centre (IGSTC).

The Declaration is for the extension of tenure of the bilateral IGSTC for a period of five years beyond 2017 till 2022 and it provides for enhancement of funding allocation from 2 million Euros per year to a maximum of 4 million Euros per year by each side.