Prime Minister Narendra Modi has said that his government plans to invest one thousand crore rupees to transform 20 universities into world class educational institutions. In his Independence Day address at the Red Fort, Modi said the Centre has taken an important step to grant the universities freedom from restrictions to make them world class universities.
He said that the government will not interfere in their functioning. The Prime Minister said he is confident that the education institutions of the country will certainly come forward and make it a success. Modi added that the government had set up six IITs, seven new IIMs and eight new IIITs over the last three years.