Prime Minister Narendra Modi on Tuesday said his government plans to invest Rs 1,000 crore to transform 20 universities into "world class" educational institutions.
In his Independence Day address from the ramparts of the historic Red Fort here, Modi said the government had taken an important step "to grant the universities freedom from restrictions to make them world class universities".
"We have asked 20 universities to decide their own destiny. The government will not interfere in their functioning. Besides, the government is willing to provide funds up to Rs 1,000 crore," Modi said.
"We have appealed to them and I am confident that the education institutions of our country will certainly come forward and make it a success."
He added that the government had set up six IITs, seven new IIMs and eight new IIITs over the last three years.
"We have also done the groundwork for linking education with job opportunities," he said.
--IANS
spk/nir/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
