The winners will be sent to Japan for higher studies, it said.
The selected students are from six IITs – Delhi, Bombay, Madras, Kharagpur, Kanpur and Hyderabad. They were selected on the basis of their Cumulative Grade Point Average (CGPA), essays and two rounds of personal interviews.
The yearly award was instituted by the Honda Foundation in India in 2007 to nurture students who have excelled in science and technology.
Japanese ambassador in India Kenji Hiramatsu said India and Japan enjoy a fulfilling bilateral relationship.
“I hope that through this opportunity, you will experience Japan’s advanced technological system and research, aimed at contributing to social causes,” he said.