"Many meritorious students opt for higher studies abroad. We have to retain them by offering world-class education in our own country.
"Unfortunately, superior quality institutions which meet the expectations of the bright students are few," Mukherjee said at the platinum jubilee celebrations of the College of Engineering Trivandrum here.
Noting that no Indian engineering college or university was ranked among the top-200 varsities in the world, Mukherjee said, it was in sharp contrast compared with ancient times when Indian universities like Takshashila attracted students from different parts of the world.
The acid test for our academic institutions is to produce a large cadre of scientific and technical manpower without sacrificing quality, Mukherjee said, adding that engineering programmes must be periodically evaluated based on industry trends.
"Intellectual collaborations amongst Indian institutions and with institutions abroad can provide impetus to knowledge generation and sharing. Expertise in key areas must be developed by associating with other knowledge-generation institutions," he added.