Maintaining that any society that did not innovate would stagnate, Prime Minister Narendra Modi said here on Saturday that the country must build further on its emergence for State-ups and make India the most attractive destination for innovation and enterprise.
Speaking at the 56th annual convocation of the Indian Institute of Technology, Bombay (IIT-B) during its ongoing Diamond Jubilee celebrations here, Modi said: “Innovations and Enterprise are going to be the foundation stone for making India a developed economy. A long term sustainable technology-led economic growth is possible on this foundation”.
Averring that India was steadily going up in the “innovation index” rankings, Modi said: “The effects of the holistic approach that we are adopting in fields of education to enviornment are now being seen across the world. We intend to lay special stress on creating infrastructure for higher education which is essential for developing scientific temper and create conducive atmosphere”.
Stressing that “innovation is the buzzword of the 21st century”, the Prime Minister said: “Any society that does not innovate will stagnate. That India is a emerging as a hub for start-ups shows that the thrust for innovation is very much there. We must build on this further and make India the most attractive destination for innovation and enterprise”.
Modi exhorted the youngsters to participate in promoting innovation in the country. “And, this will not happen through Government efforts alone. It will happen through youngsters like you. The best ideas do not come in Government buildings or in fancy offices. They come in campuses like yours, in the minds of youngsters like you,” the Prime Minister said.