The European Union's development cooperation with India has a successful track record, spanning over several decades. The EU is engaged with India as a strategic partner since 2005 , investing in mutually agreed areas of cooperation. The relationship has evolved from providing traditional development assistance to a mutually beneficial partnership type of cooperation.
Funded are provided from the bilateral, thematic and regional allocations of the Development Cooperation Instrument (DCI). As of 2014, no new bilateral allocations are provided to India along with 17 Upper Middle Income Countries and Indonesia, but the thematic and regional co-operation continue and many projects funded from previous allocations are still ongoing.
Additional funds are provided through the Partnership Instrument.
Strategically, the cooperation focuses on business opportunities, energy security, higher education and skills development in addition, and a range of thematic cooperation with civil society organisations.
The EU currently finances about 100 projectsin India, with a portfolio of roughly €210 Million. This funding is delivered through various means of implementation, such as sector-specific budget support, grants, or services. While the projects vary in scope and outreach, all of them aim to add value through innovation and piloting of ideas.
These projects can be broadly divided in three categories: