Here’s the revised speech in English with the new NXT framework (New Inventions, eXponential Transformation, Thinking Global):
My fellow entrepreneurs, industrial leaders, and builders of India’s future!
Today, I stand before you to speak on an issue that will define the very destiny of our economy and industries. For decades, we have heard the story of India as an “emerging economic superpower.” We take pride in the limitless potential of our young population. But let us pause and ask ourselves: are we truly moving at the speed and scale that our potential demands?
The hard truth is that Indian industry is trapped in a triple crisis:
– Lack of innovation
– Reluctance to transform
– Inability to go global
This has become an invisible chain holding us back. But I stand here to tell you—those very chains can be broken, and once broken, they will fuel our greatest leap forward.
A New Era Demands a New Framework: From ITG to NXT
Friends, in today’s world, innovation isn’t just about improving machinery or reducing costs. The game has changed. Look around you:
– Meta transformed from a social media company into a Metaverse pioneer.
– ChatGPT and Artificial Intelligence are revolutionizing the way humans think, work, and create knowledge.
– Stem Cell Technology is redefining healthcare and the future of human life.
– Google Earth reshaped the way we see and map our world.
– Tesla revolutionized not just the car, but the entire concept of energy and mobility.
The future belongs not to technology users, but to technology creators. Which is why I propose a new mantra for India: *NXT – New Inventions, eXponential Transformation, and Thinking Global.*
First Pillar: New Inventions
We can no longer afford to limit ourselves to imitation or incremental improvements. Nations lead the world only when they create something new.
– Just like CRISPR and stem cells are creating the medicine of tomorrow.
– Just like ChatGPT turned imagination into an intelligent conversational reality.
– Just like Meta expanded beyond social networks into immersive experiences.
India must become not just a hub of low-cost services but the birthplace of new inventions that can change industries and lives globally.
Second Pillar: eXponential Transformation
Transformation is not about small upgrades—it is about *quantum leaps*.
– Google didn’t just organize search; it launched Maps, Earth, Android, AI—all at exponential scale.
– Tesla didn’t just make cars cheaper; it transformed the very idea of clean mobility and sustainable energy.
Indian SMEs and industries must shed the inertia of the “gradual improvement” mindset and embrace massive, disruptive transformation. This is the only way to leapfrog into the future.
Third Pillar: Thinking Global
Global is not just about exports—it is about vision.
– Netflix is not merely a streaming service, it is a cultural experience across nations.
– Starbucks is not just coffee; it is a global lifestyle brand.
– Apple doesn’t just sell devices; it sells world-class experiences designed from day one for a global market.
Indian companies too often remain confined in their domestic comfort zone. To rise, every founder, every enterprise must adopt a global mindset from day one—designing products with world-class quality, precision, and intellectual property.
NXT – India’s Roadmap to 2047
If we want India to be a truly developed nation by 2047, we must not just survive this triple crisis—we must turn it into our biggest opportunity.
– With New Inventions, India can become the world’s innovation hub.
– With eXponential Transformation, our industries can leapfrog decades in just a few years.
– With Thinking Global, we can finally build not just strong companies at home, but global giants that shape industries worldwide.
The Final Call
My friends, the time has come to stop asking: “Why can’t we be the next Google, Meta, or Tesla?” Instead, we must say: “We will build the next Google, Meta, and Tesla from India.”
The time has come to move from being imitators to becoming innovators.
The time has come to leave the comfort of our domestic zones and think like world leaders.
The time has come to embrace the NXT mantra: New Inventions, eXponential Transformation, and Thinking Global.
Together, let us transform this triple crisis into a springboard for greatness. Together, let us shape an India that does not just participate in the global economy but leads it.
Thank you.
Vineet Handa
Chairman, Swadeshi Shodh Sansthan, Punjab
