Union Minister for Human Resource Development Smriti Irani said this at an event organised by the Confederation of Indian Industries (CII) here.
She said, the campaign would aim to curb the outward flow of the country's students, who leave their homeland in search of backing for their ideas.
"We all know the prime minister has spoken about the 'Make in India' project and we in the ministry of Human Resource Development want to complement it by 'Think in India' campaign through the 'Rashtriya Avishkaar Yojana'," she said.
We also hope that in collaboration with the industry, the ministry can come up with ideas as to how these innovations can be rewarded and funded within our own country.
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"So that our faculty and our students need not leave our shores in hunt for money to back their research with," the HRD minister said.
She also said that Prime Modi had once expressed his desire to facilitate interaction with the best academicians for children who cannot go abroad overseas to get education.
The HRD minister said that IITS, IIMs, Central Universities, NITs are already drawing up their wishlists.
She said that in the last six months, the HRD ministry has set up committees to look at the mandate and the overall functioning of the UGC, the AICTE and also for the National Council for Teachers' Education.