Need for an International Character of Indian Academic Institutions

A university is a place of learning.  Best universities attract students and thinkers from all over the world.  These best minds bring in wisdom from all over the world and enrich these universities.   It is not surprising that the best American and European universities have an international composition.  In the past, Takshila  and Nalanda universities of India had faculty from many countries.  However, the present Indian university and research institutes have almost no international faculty and students.  We need an urgent change in our institutional system if we wish to make our institutions  one of the best in the world.  Some of the salient points in favor of this argument are

1. Most of the Indian research institutions, specially teaching institutions like IITs and universities, woefully short of faculty.   On the other hand, many bright young scientists in the west (both foreigners and non-resident Indians) are not being absorbed due to lack of positions there.  It is an opportune time to act.  We can attract significant number of bright international young scientists even with the present salary structure (I wish it was a bit more attractive; hopefully improved economy in the future will balance the odds).  Note that having international faculty in our institutions will have bootstrap effect in hiring. 
2. The international scientists will bring new skills, and it can create a very vibrant academic environment in the nation.  Note that we need to secure jobs in a country to its nationals when there is job scarcity among many skilled people around.  The present situation in India has scarcity of skilled academicians and more jobs.  So we need to open our academic jobs to outsiders in our own interest.
3. Many of our bright students are going abroad just as as a craze.  Many of them go to second-rate foreign universities, which are worse than some of our best institutes.  An international outlook of our  institutions will help us attract our own students.
4. We should attempt vigorously to attract the best students of the neighboring countries for our graduate program by instituting attractive fellowships.  These students will help us in our laboratories for advanced research.  These kinds of arrangements will foster goodwill for our nation among our neighbours. As a corollary, in European union, the French, English, and German students and researcher move freely from one country to another.  Their age-old rivalry appears to have been forgotten as a result of the free exchange.

We can go on, but the time is for action.  I hope our policy makers will fix the above anomaly so that our academic institutions find rightful place among the best in the world.