Hyderabad: New director of IIT-Delhi Dr V. Ramgopal Rao on Sunday said the MHRD was focussing on taking foreign faculty for IITs.
When asked about his main focus in the new post, he said that would adopt multidisciplinary approach in work, take steps to establish an incubator to help students realise their entrepreneur dreams and strive for fund raising by involving industries and alumni.
“Startup culture needs to be encouraged. Talented students coming out of IITs should become job providers and not job-seekers. Establishing incubators will give a big fillip to them,” he felt. Commenting on IITs being unable to become self-sufficient, he stated that there are a number of reasons.
“Unlike foreign varsities we do not get donations from outside. For example, take the case of Harvard, which is running just by the interest received on donations. In US, people like Bill Gates and Warren Buffet donate a big chunk of their wealth for education sector. Here, such culture is missing.
The minimal fees being charged in IITs is a factor. The cost spent on each student is Rs 5 lakh. However, the fee collected was just Rs 90,000 until recently,” he said. Apart from MHRD funds, IIT-Bombay itself generates Rs 30 crore to Rs 40 crore every year on its own from industry projects.
