Recalling the pride of place the country had carved out for itself about 1,800 years ago beginning from 6th century BC during which ancient Indian universities like Nalanda, Takshashila, Vikramshila and Valabhi, Somapura and Odantapuri were the "seats of world class universities", he said there is a dearth of quality academic institutions now.
"There is a dearth of quality academic institutions to prepare our next generation. Indian universities are not counted amongst the top-ranked universities in the world," he said at the 23rd Convocation of the Pondicherry University here.
Recalling his experience as a teacher before joining public life, Mukherjee said the faculty is the "life blood" of a university and they must continuously renew their understanding of the subject.
Noting that Right to Education was a reality in the country, the President said, "We have to now stress on Right Education."
A university has to be a temple of learning, of humanism, tolerance and balanced reasoning, he said and added, "Let us together bring the changes required to make our present higher education system shine brightly once again."
Innovations should create livelihood and improve the quality of life in rural areas, he said and advocated that local technological needs have to be addressed by universities by creating research and development centres for such technologies in their campuses.
Research campuses also have to be set up in rural areas to act as fountain heads for innovation and technology-led growth in these regions, he said.
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