Prime Minister Narendra Modi's centenary address at the University of Patna in Bihar included the announcement of a competition to identify 20 Indian universities that have potential to become "world class". Offering them financial support and "unshackling" them from regulations and restrictions, they will be free to develop their own roadmaps and pursue their ideas of excellence. Second, given the fundamental infrastructure needs facing India, the government cannot allocate the billions of dollars that underpin places like Harvard. However, through this process it can identify visionary institutions where private support would be well used. In doing so, it can inspire the growing number of high net worth Indian families both here and abroad to invest in the best institutions in the country and make them stronger.The large endowments of elite US colleges and universities were all built by private wealth. Third, this initiative's goal is to create Institutions of Eminence - excellent