IT industry veterans Narayana Murthy and Kris Gopalakrishnan bat for increased funding for research

IT industry veterans N R Narayana Murthy and Kris Gopalakrishnan on Wednesday batted for increasing funding for research and higher academic institutes in the country by both the private and public sector, and stressed on the need for changing certain archaic things by bringing in innovative ideas in this regard.

Speaking to reporters here, Gopalakrishnan, who is also the co-founder of IT major Infosys, said, “We also need to increase our funding for research, both from private and public….more is needed. Look at US universities — MIT, Harvard, Stanford, etc — they get endowments worth billions of dollars, so I hope that our alumni will contribute more to our institutions.” “Today our institutions are primarily dependent on government funding….I want to see more industry participation also,” he said.