IIT Madras to receive grant worth ₹242 crore for research on lab grown diamonds

IIT Madras today announced that the institute has been chosen for research on lab grown diamonds. The institute will now receive a grant worth ₹242 crore for 5 years. This grant has been given to IIT Madras a day after Finance Minister Nirmala Sitharaman announced that one IIT will be chosen to conduct research on lab grown diamonds.