The UK and India are investing up to £3.4 million in collaborative research and development projects, including those focused on green energy.
Businesses in the UK are invited to partner with Indian firms to apply for a share of the funding for projects in the fields of clean energy, healthcare and ICT.
The Department for Business, Innovation and Skills-managed Newton Fund is providing the cash through Innovate UK with the Government of India.
Projects must show commercial potential and have a positive impact on both the economic development and social welfare of India, according to Innovate UK.
Lead partners in both countries must be a business but other partners can be research organisations.
The competition is open until 13th April 2016.