Stage - 4: Budget Discussions with the Finalist Teams


The Endowment Secretariat will conduct the Due Diligence process of Indian and U.S. partners, either directly or through a third party. This process will be completed by 25th November, and will include a budget discussion with the Indian and U.S. partners together and site inspection (if required) for Indian and U.S. partners respectively. The due diligence team will be constituted in each country and will be comprised of financial and technical experts and/ or Board representatives/ nominees. The due diligence reports will be collected, collated, and presented by the Secretariat to the Board as part of the recommendations to the Board.