Innovation, enterprise are foundation of developed India: PM at IIT Bombay

Addressing the 56th annual convocation of the Indian Institute of Technology-Bombay, Modi said innovation was the buzzword of the 21st century

Prime Minister Narendra Modi said today that IITs have built brand India globally and their success has helped India become one of the world's largest pools of technical manpower.

Innovation and enterprise, the prime minister stressed are the foundation of making India a developed nation.

Addressing the 56th annual convocation of the Indian Institute of Technology-Bombay (IIT-Bombay), Modi 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 prime minister said.

Dwelling on the history of IITs, Modi said they were conceptualised to contribute to nation-building post Independence through use of technology.

Modi said all the IITs 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 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," he said.