In a move to retain engineering talent in India, one of the country's premier engineering schools has barred its undergraduates from doing research and internships abroad.

Starting in July, undergraduates at the Indian Institute of Technology (IIT) – Bombay must work for an Indian company or research institution as part of their mandatory internship if they want to earn academic credit, Business Standard reports.

'This move should help the students and the country,' Ashok Misra, Director, IIT Bombay, was quoted as saying. 'We want our students to see the excitement of engineering companies in India. We want our industry to see our exciting students.'

More than 60% of undergraduates at the institute opt for foreign research and work internships