09/12/2015 5:26 PM IST | Updated 15/07/2016 8:25 AM IST

IITs And IIMs Are In A Bad Position, Says Former HRD Minister Murli Manohar Joshi

Hindustan Times via Getty Images
NEW DELHI, INDIA - JULY 23: Senior BJP leader and MP from Kanpur Murli Manohar Joshi comes out of Parliament House after the Lok Sabha was adjourned on the 3rd day of the Monsoon Session of Parliament on July 23, 2015 in New Delhi, India. The logjam between the opposition and the Modi government over the resignations of a Union minister and two chief ministers crippled functioning of Parliament for the third straight day. (Photo by Sonu Mehta/Hindustan Times via Getty Images)

NEW DELHI -- Premier institutes IITs and IIMs are in a "bad position" as they only contribute to transfer of capital to developed nations, senior BJP leader Murli Manohar Joshi today said, claiming that the country's youth is being reduced to "tailors" rather than "textile makers".

The former Union HRD minister also suggested that the government should assess the country's technological power before introducing development schemes.

"The IITs and IIMs are in a bad position... they are only contributing to transfer of capital to developed countries. We are not creating opportunities here and the students who pass out from these institutes are only contributing to management of multinational companies of other countries," he said.

The former Union Human Resource minister was addressing the 5th National Summit on Instituionalising Academia-Industry interface organised by PHD chamber.

Joshi, Member of Parliament from Kanpur, said that the country is focusing more on borrowing technology rather than creating technology which is reducing educated youth into "tailors" rather than "textile makers".

"Vajpayeeji had mooted a wonderful idea of quadrangle roads. But even before the concept plan for how the roads will be constructed was worked out, Volvo came up with buses that can be run on those roads. It is good to borrow technology but ultimately our projects don't generate employment and revenue for our youth but become a profit making ground for others.

"Governments need to realise that they need to assess technological power of the country before progressing on such schemes so they do not cause long term loss to the country," he said.

Contact HuffPost India

Also see on HuffPost:

Photo gallery Hilarious Mumsnet thread titles See Gallery