EU COMMISSION GRANTS $5.63 BILLION TO FRENCH R&D - COVID-19 PRODUCTS

Highlights –

• European Commission approved a grant of $5.63 billion for France.
• The amount so given will be for R&D of coronavirus related products.
• The scheme will take the form of direct grants, repayable advances, and tax advantages.

In a recent development, the European Commission has approved a grant of up to $5.63 billion for France, under the scheme to s....