Definitely! At the very least some labs where hackers could come and make stuff with Arduino boards or write IRC bots that did crazy, but useless things. All for the sake of learning.
For that to succeed you need to ensure technical folks getting hired are very well compensated.
The issue is most people coming from middle class background have big dreams to make money, build a good home and settle down. So the crowd goes where the money is.
Sure there are going to be passionate people, but if its not rewarding sooner or later they are going ask if its worth it.
One thing that could help is a surge of tech-oriented startups. Startups in India tended to be copies of well-established models in the U.S. Things are beginning to change. I've personally seen a few startups which have innovative and tech-heavy products founded in India which caters to the U.S. market.