Hazaribagh (Jharkhand), Jan 10: President Pranab Mukherjee on Saturday asked educational institutions to encourage local talent of innovation and it should be supplemented by the industry to achieve a marketing value.
Addressing the 7th Convocation of the Vinoba Bhave University here, he said Jharkhand is rich in mineral resources and has a number of engineering and steel industries, which should back the efforts made by the colleges and universities to nurture talents.
“Local talent of innovation would have to be encouraged by educational institutions and supplement it by the industries to create a marketing value,” Mukherjee, who is on a two-day visit to Jharkhand, said.
He said the state has 34 per cent of the country’s proven coal reserves and 28 per cent of the iron ore reserves, besides having huge deposits of other minerals like mica, uranium and bauxite.
A number of key industrial companies are operating in sectors such as mineral resources, engineering and steel from the state and this factor should be a key input for promoting entrepreneurship and innovation, he said.
During the function, Mukherjee conferred the degree of D.Litt (honoris causa) on former Finance and External Affairs Minister Yashwant Sinha for his unique contribution to the Indian economy, international relations, and public service.
Mukherjee also asked the authorities and the industry to provide financial help to deserving candidates and to ensure comprehensive socio-economic developments.
Noting that only in the recent past two Indian educational institutions have figured among the 200 world class institutions, the President asked the universities, IITs, NIITs and other institutions to work towards excellence and be recognised at the international level.
“In the recent past, Indian Institute of Science, Bangalore and IIT, Delhi have figured in the list of 200 world’s top class institutes. But the other IITs, NIITs and universities should work towards achieving this goal,” he stressed, adding that what was needed in this regard was coordination and putting the ingredients in a proper fashion by the institutions to reach that level.
