Mukherjee also said that the excavated site of Vikramshila should not be a museum only but be developed like Nalanda, asserting that India needed such universities.
"The seats of higher education Vikramshila guided the nation and encouraged research...I will talk to the prime minister for its revival," Mukherjee said while addressing a public gathering at the university.
The President noted that ancient seats of learning like Nalanda, Takshshila and Vikramshila used to play a pivotal role in research.
"Vikramshila should not be a museum only, it should be developed as a university of highest standard," he said.
Stressing the need to augment higher education infrastructure in the country, the President said these seats should provide enough scholastic stimulation to students.
"This is possible only with top class institutions adoring our higher education landscape," he said.
The President said resurrection of Vikramshila will be an important step in preserving Indian civilisational ethos.
Mukherjee said Vikramshila University should source the best faculty and pursue collaborations with foreign institutions for research and at the same time establish tie-ups with local innovators.
The institution, one of the two important seats of Buddhist teaching in India during the Pala dynasty rule, was established by King Dharmapala as a centre of Buddhist and Tantric learning, he said.
Prime Minister Modi had in August 2015 announced a Rs 500 crore package for the university, while the state government was expected to provide around 500 acres of land for the institution.
The President's visit is expected to help develop Vikramshila as an international tourist spot after its inclusion in the 'Buddhist Circuit'.
The university prospered for four centuries before it started to decline at the advent of the 13th century.
Vikramshilaproduced many luminaries.
Atisa Dipankara, one of its illustrious alumni, was the founder of Lamaism in Tibet. Others like Ratna Vara and Jetari also attained considerable fame.
The eminent scholars of the university were invited by foreign countries to spread Buddhist learning, culture and religion.
The President arrived at Kahalgaon by a state government chopper yesterday afternoon and spent the night at the NTPC's guest house.
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