Explanation:

• Recently, Researchers from the Indian Institute of Technology Madras are collaborating with their counterparts in Germany to develop new materials for green energy solutions.The project, taken up under the Scheme for Promotion of academic and Research Collaboration or SPARC, aims at developing alternative technologies to produce green hydrogen in anticipation of transition to hydrogen-based economy. 
• Scheme for Promotion of Academic and Research Collaboration (SPARC) is an initiative of the Ministry of Human Resource Development which aims to improve the research ecosystem of India’s Higher Educational Institutions by facilitating academic and research collaborations between Indian Institutions and the best institutions in the world. Hence only statement 2nd is correct.