Graduating 
                      from the IIT virtually ensures a successful future in your 
                      chosen career path. Almost every high-school student and 
                      their parents realize this value of an IIT degree certificate. 
                      One interesting statistic: on a per capita basis, IITs have 
                      probably produced more number of millionaires (in dollar 
                      terms, I must tell you) than any other undergraduate (i.e. 
                      bachelor's) institution in the world. Still, IITians are 
                      not all about individual success. They have distributed 
                      knowledge, created wealth and generated prosperity in our 
                      society. Nearly a quarter of them have turned entrepreneurs, 
                      thus giving jobs instead of merely seeking them. Many IITians 
                      have provided excellent service in universities, public 
                      administration and a few of them, even in India's version 
                      of politics.
                    Since 
                      the past century, advances in technology have been shaping 
                      our individual lives and collective destiny like never before. 
                      For instance, the impact of satellite TV, mobile phones 
                      or the Internet on the quality of our lives is astounding. 
                      I have no doubt that technologists will increasingly influence 
                      our country's future. Unfortunately, in India, the gap between 
                      the technological possibility and the ground reality is 
                      equally large. 
                    Each 
                      year, we produce more than 3,50,000 technologists from 1100 
                      professional colleges. Our own Hyderabad has nearly 200 
                      engineering colleges within a 40-km radius. Most of them 
                      provide very sub-standard education. Even some of the well-known 
                      government colleges and universities have degenerated into 
                      factories that mass-produce degree holders. Their graduates 
                      simply are not what India desperately needs: technically 
                      competent, creative and self-confident problem solvers who 
                      are not afraid to tackle some of the most pressing problems 
                      of our society. 
                    
                      Given this backdrop, the starting of a new IIT in our state 
                      is good news. It will definitely help towards producing 
                      adequate number of graduates with world-class technical 
                      education. In fact, we can easily provide around four to 
                      five times the number of students currently enrolled, with 
                      an 'IIT experience' - without compromising on the quality 
                      of their education. When the demand is so great, it is necessary 
                      to increase the intake and create more centres of excellence.
                    We 
                      already have a reputed National Institute of Technology 
                      (NIT) in Warangal. Starting a new IIT in addition to this 
                      NIT will help set high benchmarks and thereby give a boost 
                      to the quality of curriculum, teaching and research in many 
                      other colleges and universities in and around AP. Setting 
                      up the campus at a new location can also provide real opportunities 
                      for developing the local community. An IIT also brings with 
                      it a new 'can-do' culture fostered by a breed of smart, 
                      confident and dynamic youngsters. The long-term impact of 
                      these positive developments on our society will be significant. 
                      
                    We 
                      live in a society where education is valued very highly. 
                      There is a universally strong desire among the student and 
                      parent community that even the non-IIT colleges should offer 
                      a worthwhile learning experience. The decision makers in 
                      the management and faculty of colleges should use this consensus 
                      as a mandate to convert their campuses into 'Centres of 
                      Excellence', comparable to the IITs. Given the wealth of 
                      their latent creative talents, I am absolutely confident 
                      this can be achieved. There are thousands of bright youngsters 
                      outside, and they deserve an opportunity to learn from best 
                      practices everywhere. 
                    But 
                      do academics really mean everything? An IIT alumnus once 
                      told me this: it seems the IIT class toppers do brilliant 
                      research in Fortune 500 companies, the B-grade students 
                      manage those research projects while the C-graders run the 
                      company that sells work for both of them!
                      
                     
                     
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