I agree with many points of Mr. Parameswaran's, but I think instead of opening new IIT's, the focus should be on upgrading some existing colleges of India. It will be in beneficial in two ways. First, it will certainly reduce the capital and other resource requirement from what would be needed for a completely new institute. Second, it would bring more Indian colleges into the high-ranking college list. The fact that most Indian engineers (even though institutes other than IITs don't get the credit) perform so well globally is an indicator of the fact that India needs to support them academically in all the ways it can, and a lot of the people who failed, as Mr. Parameswaran rightly pointed out, to appear on the scene for whatever reason but had the right orientation and potential, wold have make an impact, and several of the successful ones could have achieved more had they not had to struggle with the issues that plague most colleges of India.