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IIT-Bombay to get Rs 1,000 crore financial aid: PM Modi

PM Modi also inaugurated the new building of the Department of Energy Science and Engineering and Centre for Environmental Science and Engineering at IIT Bombay. 

NMF News Bureau | Updated: 11 Aug 2018, 19:43:05
PM Modi PM Modi

Mumbai: Applauding the confidence of the students of Indian Institute of Technology (IIT) Bombay, Prime Minister Narendra Modi today announced a financial aid of Rs 1,000 crore to the institute at the convocation ceremony.

PM Modi also inaugurated the new building of the Department of Energy Science and Engineering and Centre for Environmental Science and Engineering at IIT Bombay. 

HIGHLIGHTS OF THE SPEECH:

#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.

#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.

#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.

#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.

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First Published: 11 Aug 2018, 14:14:50

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