Two MoUs have been signed by the Nissan Science Foundation (NSF) with the Indian Institute of Technology, Madras (IIT-M) to promote research and development among faculty and also to train deserving students in automobile technology. Titled as the 'Nissan Support Programme', the programme aims to support research and development project at IIT-M in the areas of engineering, science, management, humanities and social sciences. It will be supported by Nissan's R&D Centre in India (RNTBCI) and is valid till March 2013.
Every year the program will invite proposals from the faculty of IIT-M for research work in the identified areas. From those proposals four to five projects will be selected for funding after a joint review by Nissan officials and IIT Madras, said Hiroshi Nagaoka, Senior Vice President & Director (Nissan Operations), RNTBCI. The other MoU titled Nissan Foundation Scholar programme will support selected students with financial aid, training at Nissan Cntre located in Japan and an internship at the Nissan's R&D Centre in India (RNTBCI).