The University Grants Commission (UGC) Vice Chairman, H. Devaraj said there is enough money for research and technology activities.
On Wednesday addressing the valedictory session of FUTURA, the national-level students' symposium at Bannari Amman Institute of Technology, Sathyamangalam, he announced that the Ministry of Human Resource Development has plans in order to provide performance based funding for universities and colleges.
This plan also includes the self-financed institutions in the XII Plan period.
Observing that the Indian research scenario was not healthy he said "Connotation of excellence changes with the passage of time. And there was no use in replicating research carried out already in America, which in fact, outsources Indian brain for their R&D achievements."
"Advocating funding with accountability, the research activities in India ought to be customised to suit our requirements. Moreover, the researcher must be mandate with the responsibility of giving something to the society in return", he said.
He highlighted that, scaling up gross enrolment ratio in higher education was important. According to him, it is highly important for Indian universities and colleges to be ranked among the best institutions at the global level.
He also awarded the national-level winners at the end of the session.