Explanation:

About ITEC Program

• The Indian Technical and Economic Cooperation (ITEC) Programme was instituted by a decision of the Indian Cabinet in 1964 as a flagship programme of the Government of India to provide development assistance to developing countries across the globe.

• ITEC is administered by the Ministry of External Affairs, India and is fully funded by the Government of India.

• The Programme is essentially bilateral in nature. However, in recent years, ITEC resources have also been used for cooperation programmes conceived in regional and inter-regional context such as Economic Commission for Africa, Commonwealth Secretariat, UNIDO and Group of 77.

• More than 10 thousand training slots are offered every year to more than 160 partner countries for training courses in various areas like Accounts, Audit, Management, SME, Rural Development, Parliamentary Affairs etc.

• Division of Development Partnership Administration (DPA) in the Ministry of External Affairs is the nodal division for handling all capacity building programmes. 

It has the following components

• Training (civilian and defence) in India of nominees from ITEC partner countries
• Projects and project-related activities such as feasibility studies and consultancy services
• Deputation of Indian experts abroad;
• Study Tours
• Gifts/Donations of equipment at the request of ITEC partner countries
• Aid for Disaster Relief.

Hence both statements are correct.