"At the dawn of 21st century, Parliament, like any other institution faces greater challenges than ever before, especially on matters related to human development and governance," he said in a thought-provoking address to MPs who bade him farewell in the Central Hall.
Suggesting MPs to formulate an Energy Independence Bill and adopt a resolution for Vision 2020, Kalam said a Parliamentary Vision for the Nation should be evolved in the same manner as the Constitution was first drawn up.
"The 21st Century Parliamentary Vision for India needs to have a global and long term perspective ... for transforming India into a developed country by 2020 with National
Prosperity Index as a measure and acquire energy independence before 2030," he said.
Starting his speech with 'Namaskar,' Kalam initially spoke in Hindi and then switched over to English as the audience in the high-domed Central Hall heard him in rapt attention.
Though Bhairon Singh Shekhawat, who quit as Vice President on Saturday, was not present, Kalam described him as a 'remarkable person' and when he wished his successor Pratibha Patil 'all the best in her mission,' the audience gave him a big hand.
Prime Minister Manmohan Singh, UPA chairperson Sonia Gandhi, former prime ministers Atal Bihari Vajpayee and I K Gujral, were prominent among those present.
Image: Lok Sabha Speaker Somnath Chatterjee presents a memento to President Dr Kalam at the farewell function.
Reportage: PTI | Photograph: Rashtrapati Bhawan