The Indian government is all set to launch a venture fund to encourage green technology research.The size of the fund and other specifics will be determined by the National Mission on Strategic Knowledge for Climate Change (NMSKCC).
The government has decided to link all academic institutions that work on climate change. NMSKCC, which is in the process of preparing a document for promoting green technologies, said that it would identify key academic institutions that will become
centers of excellence in climate change related research. As reported by TechOnline India, this green tech venture fund initiative is separate from a government plan launched in 2007 to subsidize new companies to manufacture photovoltaic cells