2014-07-21

NITs must support innovation for small businesses, artisans: President

In a move to push better growth for small businesses and craftsmen, President Pranab Mukherjee has recently asked National Institute of Technology (NITs) to work towards supporting innovation that promise betterment of farmer, artisan or a small entrepreneur.\r\n\r\n\r\n

NITs must support innovation for small businesses, artisans: President

In a move to push better growth for small businesses and craftsmen, President Pranab Mukherjee has recently asked National Institute of Technology (NITs) to work towards supporting innovation that promise betterment of farmer, artisan or a small entrepreneur.



“Innovations must improve the state of the underserved, who want a positive difference in their lives. Institutions like NIT Trichy must support ingenuous ideas that promise betterment for those aspiring to rise up the socio-economic ladder - help a farmer till the soil better, an artisan perfect his craft or a small entrepreneur improve the productivity of his venture,” the President said while inaugurating the Golden Jubilee Celebrations of NIT in Tiruchirappalli.



Speaking on the occasion, Mukherjee said, "Knowledge and innovation are the underpinning of progress and prosperity in the twenty-first century. In this age of globalization, we can derive competitive advantage only from an eco-system that is conducive to new learning, research and innovation. NITs must work towards promoting scientific temper in their students. Yet, given the present socio-economic condition of our country, the thrust of research must be to erase backwardness and wipe out deprivation.”



He said some of our IITs are in the top 50 in civil and electrical engineering. Five institutions are amongst the top 20 universities amongst BRICS nations. The number of Indian institutions in the top 100 in Asia has increased to 10 this year from 3 in 2013.



"The NITs, in particular NIT Trichy, should take a cue from successful Indian institutions on how to approach the rating system. Featuring in international rankings has several positive spin-offs, in terms of intangibles like boosting the spirits of students and faculty, to more tangible benefits like better placement for students. More importantly, active participation in rankings will propel the development of institutions in the right direction," he added.

Related opportunities
  • Women's Clothing
    An alumnus of the prestigious Fashion Institute of Technology, New..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2023
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater GURGAON Haryana
  • Before you do anything else, you should think about the..
    Locations looking for expansion Delhi
    Establishment year 2023
    Franchising Launch Date 2023
    Investment size Rs. 5lakh - 10lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Department & Convenience Stores
    We aspire to revolutionise young India's entrepreneurial landscape by establishing..
    Locations looking for expansion Karnataka
    Establishment year 2021
    Franchising Launch Date 2022
    Investment size Rs. 10lakh - 20lakh
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Kids Entertainment Zones
    KID’S INDOOR SOFT PLAY AREA Xeno’s Play Space is the brainchild..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MUMBAI Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads