"I bow to the great Thiruvalluvar. Simple and vast in scope, his thoughts & writings have been a strong influence on humanity for centuries," the Prime Minister said, an official statement here said.
The ideas expressed in Thirukkural are so universal that even after almost two millennia they are relevant and revered.
"Thirukkural does not refer to any nation, leader, society, language, religion or caste in the entire book, which is why it has been called the 'Universal Veda'," the statement added.
The Institute also proposes to launch an e-version of the book.
The Gujarati translation has been done by Gujarat-born P C Kokila, who is a Professor of Hindi, and a resident of Tamil Nadu.
HRD Minister Smriti Irani and V G Bhooma, Director, Central Institute of Classical Tamil, were also present.
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