Education is fast becoming a source for earning FOREX. If India with its cost advantage can tap the Afro- Asian Market ranging from South East Asia to Lebanon to Englo-Phone Africa and even covering some parts of Easter European countries with whom we had traditionally good academic relations then having more IITs makes a point. India must emerge as a strong partner in academic world. If we have one of the largest pool of skilled scientific man power, it must be given opportunity for the benefit of country. Must we also remember taht education is a tool of peaceful and subtle diplomacy. The liknages and associations made in academies are more lasting and beneficial than normal channels of diplomacy. In any case professors are more respected than leaders and diplomates.