IIT-Bombay to get Rs 1,000 cr financial aid: PM Modi
IIT-Bombay to get Rs 1,000 cr financial aid: PM Modi Prime Minister Narendra Modi announced a financial aid of Rs 1,000 crore to the Indian Institute of Technology (IIT) Bombay, here on Saturday. "The confidence I can see on your face confirms that we are moving in the right direction. IIT Bombay will get a financial aid of Rs 1000 crore. It was a large number of IIT students, who built the IT sector of India, brick by brick," the PM said. The Prime Minister stated that innovations and enterprise are going to be the foundation stone for making India a developed economy. Describing IITs as 'India's Instrument for Transformation', the Prime Minister said, "Innovation is the buzz-word of the 21st century. Any society, which does not innovate, will stagnate. India is emerging as a hub for start-ups which shows the thirst for innovation. We must make India the most attractive destination for innovation and enterprise." "My appeal to youngsters is - Innovate in India, Innovate for humanity, from mitigating climate change to ensuring better agricultural productivity, from cleaner energy to water conservation, from combating malnutrition to effective waste management," he said. "The nation is proud of the IITs and what IIT graduates have achieved. The success of IITs led to the creation of engineering colleges around the country. They were inspired by the IITs and this led to India becoming one of the world's largest pools of technical manpower." "You have received what can be called the best that our education system has to offer. Students here represent the diversity of India. From different states, speaking different languages, from different backgrounds you merge here in pursuit of knowledge and learning," he added. Concluding his speech, the Prime Minister said, "Let us affirm that the best ideas will come from Indian laboratories and from Indian students. The best ideas do not come in Government buildings or in fancy offices. They come in campuses like yours, in the minds of youngsters like you." -PTC News
