India will also help the Caribbean nation set up a sugar museum at its capital, Port of Spain, Union Culture Minister Chandresh Kumar Katoch said in a statement here.
She said both countries had also discussed a roadmap for enhanced cooperation.
"A new cultural agreement between the two countries will be formulated to replace the 1987 agreement so that it can best capture the modern developments in the culture sector," the Minister said recently during a tour of the island nation.
Also, based on the proposed cultural agreement, the two countries would plan a cultural exchange programme for 2014-16.
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She invited Trinidad and Tobago Culture Minister Lincoln Douglas to visit India at a mutually convenient date along with a delegation of performing artistes to discuss the contours of the collaboration and sign the agreement.
Under the roadmap, India has also offered to collaborate with Trinidad and Tobago authorities on archive maintenance.