Innovation Universities in India
Another facilitating process has been set in motion, which contemplates creating institutions of excellence to attract world class faculty, advanced learning facilities and pure research oriented atmosphere. . Despite having one of the largest higher education systems in the world, only a few institutions of learning have been able to make a mark on the global stage. The contribution of the alumni of the Indian Institutes of Technology (IITs), the Indian Institute of Sciences and the Indian Institutes of Management(IIMs) have been widely recognized all over the world.
Recognizing this, the government has proposed establishment of Innovation Universities aimed at world class standards. These Universities would be at the fount of making India and global knowledge hub and set benchmarks for excellence for other Central and State Universities. The proposal would also facilitate participation of reputed private sector agencies in establishment of these universities in PPP mode. A legislative proposal in this regard has been already formulated by the Ministry and the proposal in the stage of inter-ministerial consultations.