It is required to regulate things in a certain way. Also, is required good institutes(sans quotas) at postgraduate level which will train people or help them specialise.
People get excellent pay packages in US/UK/Saudi countries. Whereas in europe the taxes are high and anyhow you dont retain anythign too big in hand. People working here are more due to the work environment and oppurtunity to work with a "good" pay package. So it will be possible to directly tap those talents atleast, incase of pay packages better than what they are today good working oppurtunity.