Chidambaram pleads Indian human resources to return back

Chidambaram

He urged the managements of the world class institutions not to compromise on merit during entry level of students.

The Union Finance minister said that his ministry was committed to education loan programme by the banks.

"24 lakh students in India have borrowed loan for education and the outstanding amount with the banks is to the tune of Rs 52,000 crore," he said, adding that banks must lend more money for the purpose of education.

Chidambaram regretted that hardly anyone comes back to build power sector or other areas back in India.

He said that the government would romp individuals outside it to build something new for the country.

"Help government to do its work," he told the young talent.

Hailing business houses for investing in education, Chidambaram said that "what they get out of business is far less satisfying than what they give to the society."

He said that talent is enormous in the country what is missing is opportunity. "There is huge talent in India, but the opportunities are limited," he added.

There is imbalance between the talent available and the opportunity prevalent in the country, Chidambaram said.

He said that there was a need to have 18 universities in Punjab as against eight being recently set up and at least 80 universities in the country.

The Union minister regretted that the universities and colleges in the country are becoming "teaching shops." "There is poor infrastructure, unqualified staff, outdated text books, untrained personnel and poor methodology is adopted to teach students," he said.

Chidambaram complimented Punjab Chief Minister Parkash Singh Badal for his farsightedness in giving land for the campus.

"Opportunities lost by Maharashtra, Tamil Nadu and Karnataka is seized by Andhra Pradesh and thus ISB Hyderabad was born in 2001-02. After 11 years, ISB's second campus came up at Mohali," he said.

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