Universities should avoid depending on governments for financial support and instead strive hard to find sources of income to stand on their own, Andhra Pradesh Chief Minister N Chandrababu Naidu today said.
Inaugurating the three-day 99th Annual Conference of Indian Economic Association at the Sri Venkateswara University here, he said several universities in foreign countries had become self-sufficient financially through their research and development besides the services of consultants.
“Thus our varsities too competing globally must improve their performance innovatively and improve revenue abundantly for self-sufficiency,” he said. Naidu urged the economists to deliberate on GST and impact of demonetisation as well as other issues facing the nation besides Andhra Pradesh post-bifurcation, with suggestions to overcome the problems.
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“Your experience and knowledge should not be confined to mere theories but extend to field level to become practical to benefit India,” he added.
Association office-bearers, Vice Chancellors of several universities and noted economists were present on the occasion.