This was recognised by all the speakers at the 50th anniversary celebrations of IIT here, including Microsoft chairman Bill Gates.
Describing IIT as a world-class institute, Mr Gates said the computer industry has benefited greatly from the tradition of the IITs.
The two-day event, which ended on Sunday, witnessed the speakers expressing the similar sentiments.
In a message, Mr John Chamber of Cisco said the IIT system was one of the best in the world. I want to thank you (IIT) for Cisco employers that are approaching 1,000.
Terming IIT as a world treasure, Mr Jeff Bezos of Amazon also recognised the contribution made by IIT engineers to his company, saying IIT thank you, bless you and keep on going, drawing a resounding applause from the audience.
US ambassador to New Delhi, Robert D Blackwill said Indias hottest export to the world, the IIT graduates, has become a reputed global brand name.
If indeed we can think of India today as a technological force in the world, a rising great power and a strategic partner of us, that vision is owed greatly to the contribution that the IIT has made towards the Indian scientific and technological achievements during the last 50 years, he said.
Mr Blackwill said what was great for India, has been good for the US as well.
The audience of some 2,000 people included managing director of Mckinsey Rajat Gupta; general partner at Kleiner Perkins Caufield & Byers and co-founder of Sun Microsystems Vinod Khosla among others.