Prime Minister said today that have built brand India globally and their success has helped India become one of the world's largest pools of technical manpower.
Innovation and firm, the crowd-pleasing minister stressed are the foundation of making India a developed nation.
Addressing the 56th annual convocation of the Indian Institute of Technology-(IIT-Bombay), said innovation was the buzzword of the 21st century.
"If you don't innovate, you will stagnate. It is not just the government efforts. New ideas come from young minds at campuses and not government buildings and fancy offices," the crowd-pleasing minister said.
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Dwelling on the history of IITs, said they were conceptualised to contribute to nation-building post Independence through use of technology.
Modi said all the have built brand India globally and their students are at the forefront of some of the best startups in India.
"The nation is proud of and what 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," he said.