The New Zealand and Indian governments have agreed to progress a prime ministerial education initiative between the two countries.
The New Zealand-India Education Initiative is a jointly-funded programme that aims to enhance bilateral cooperation in higher education, research and skills development.
According to a government news release, the programme will put special focus on building knowledge and awareness among young business leaders from both countries through scholarships and internships at each other’s business schools and industrial enterprises.
Total funding for the initiative is expected to be NZ$1 million per year, with the two countries contributing equally.
To deliver on the initiative, the prime ministers have established an Education Council.
“This provides a mechanism for India to bring together a range of education and skills-development funding agencies and provides New Zealand with a simplified one-stop-shop to deal with,” said John Key, New Zealand’s Prime Minister, in a statement on 29 June.