"Both the governments jointly decided to end the grant-in-aid program under the DFID. From the beginning of this year it has stopped. But, now we are transitioning it into a new program of technical assistance and support for private sector development," Andrew Soper, Minister Counsellor (Political and Press) of the British High Commission, Delhi, told PTI during a visit to the city.
DFID or the Department for International Development of the UK government had been giving financial aid to India for many years.
"This will become more of a partnership now. Earlier it was different. Besides this, the government will also provide 'returnable capital' for a range of private sector enterprises," he said.
"We will be investing small amounts of money in start-ups, individual projects and small companies to help them," Soper said.
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Prince William, Duke of Cambridge, is scheduled to visit India during April during which, agreements on these projects may be signed, he said.
Rob Lynes, Country Director, British Council, India, said this year around a hundred faculty from UK were coming to India to teach short or semester-long courses.
"Our universities are encouraging teachers to go to India," he said adding, GIAN has the potential to culminate into joint research projects.