The Council of Scientific and Industrial Research (CSIR) has sanctioned the project to develop human monoclonal antibodies (hmAbs).
It will work as a therapy for COVID-19 infections.
The project will generate hmAbs from patients that are in convalescent phase.
Monoclonal antibodies will be virus-neutralizing and will be able to block the spread of infection by binding to the virus and making it ineffective.
Israel was the first to isolate monoclonal antibodies.
The council has passed the project under its flagship project named the New Millennium Indian Technology Leadership Initiative Programme (NMITLI).
It is the largest PPP (Public-private partnership) model of Research and Development programme in the country.
The project will involve Indian Institute of Technology, Indore and National Centre for Cell Science (NCCS), Pune and Bharat Biotech Industry and PredOmix Technologies, Gurugram for a public health emergency.