0:00 sir kindly address the gathering. Now >> there are two sessions which are very difficult. One is the lunch session post lunch and first second is the first session in the morning. You guys had some coffee. [laughter] All righty. Uh friends I want to cover four items today. Um first is about the AI summit, second is about semiconductors, third is about electronics manufacturing and fourth is about railways. I'll begin with the AI summit. As you all know after UK,
0:46 South Korea, France, India is now holding the AI summit, hosting the AI summit and this is going to be the biggest AI summit ever held in the world. Already all the industry leaders and heads of states more than 20 heads of states and heads of government have already confirmed more than 100 plus global leaders are visiting us joining this summit and the summit's focus will be on impact of AI. Um as we all know AI is basically bringing the fifth industrial revolution
1:35 and this industrial revolution is going to be much bigger than the past industrial revolutions, past changes in technology, past major transformations which have happened in the past and the pace of transmission transformation is also going to be very fast. So we must get prepared for this change. We must prepare our industries for this change. We must prepare our students for this for this. And that is why we are working on all the five layers of the AI stack. Our focus, our strength
2:20 has conventionally been in providing the IT services. Now we are we have to now convert this strength to providing our IT industry over last one and a half two years has meticulously worked on this changing business model. they have created they have invested in their reskilling their workforce and creating new tools by which they can now provide AI services. So the way it will work as I understand from the IT industry is basically the organizations who are looking for AI
3:09 based services they need people who understand AI who understand the organization. So that gap between understanding technology and understanding the organization is going to be filled by our IT industry. So I just wanted to share with you how the industry is preparing itself for this new huge new wave of uh innovation that huge new transform wave which is coming. The second layer is the model layer and in the AI summit we'll be launching our bouquet of sovereign models. As if you would have followed the some of these models which have been tested the test results on so many parameters
3:54 the models are better than open AAI and Gemini pro and deep and that's giving us the confidence that we can develop models on very frugal Innovative setups, resources with very few resources and those models because of the innovation which has been there in those models they can actually beat they can be worldbeating models mostly during the AI summit our honorable prime minister Shin Narendra Modi G will be launching some of those models.
4:40 The chip layer is where we have made very good progress and as we know there is no AI without semiconductors. Our teams today have done phenomenally well on semiconductor journey. We have had very good results. Our design efforts have today brought us to a totally new level and many of the startups and many teams which are working on creating new solutions will bear fruits in the coming couple of years. We should be in a very different situation from what we are today. On the infra layer already we have 90 billion US dollars worth investment
5:28 committed and mostly in the coming months this investment level is likely to go above $200 billion. From everything that we know from the industry this investment will practically go beyond $200 billion. I invite all you to all of you to join the AI summit. We are part of this journey. contribute to it and we believe that there will be three major takeaways from this AI summit. First is how do we make sure that our people, our society, our students, our industries they get the benefit of this new technology. AI diffusion will bring the return on investment which is needed for long-term
6:16 growth of the industry for bringing the productivity those productivity gains those ROI gains will come from diffusion and that's why as we all know AI models are open source models are today available in hundreds of thousands how do we use the models how do we create those solutions which are real life solutions which bring a change in the society, bring a change in the economy, bring a change in the industry. So impact is going to be the big focus and as we all know impact is the theme of the summit. Second is about sovereign models and how do we make sure that our data is
7:02 protected? How do we make sure that our biggest wealth is clearly protected and how do we make sure that our sovereign models are getting the right platform which they deserve. Third is about AI governance. We all know the harms which may come from especially from the generative part of AI. industrial part is very different from the generative part. So how do we make sure that AI governance is taken forward more in a consensual manner rather than a mandatory uh rather than a mandating kind of manner. So we are going to have
7:48 dialogue with most of the countries who are all facing common challenges. So this will be majorly the part of AI summit. I'll switch over to semiconductors. In the last few years, our progress in semiconductors is noteworthy. I recall going to divorce way back in 22. When we used to talk about semiconductors, people used to really put those question marks at us. Things changed by 24. Things really changed. A mission was announced on 1st Jan 22 semiconductor mission. 23 was more of learning trying to get on
8:33 to the um learning curve and 24 is when things started changing and I want to share with you in this year's divorce when we did the semiconductor round table with industry leaders absolutely there was no question mark people said that whatever Mr. Minister India wants to do we are there to support India's journey and each and every participant of the semiconductor industry now wants to be part of the India's semiconductor journey that's a huge change in the way the world perceives us and that's that big change which our prime minister Shri Narendra Modi G has brought in our economy in our country in our industry on the global stage today India is respected as a
9:19 country which has huge potential which is contributing to the world and not just following but creating those new benchmarks. Today practically every large company of the world in the semiconductor industry whether it is Nvidia or AMD whether it is Qualcomm or Broadcom whether it is ARM or Marvel they are all designing their most modern most advanced chips here in India and there are so many startups coming up. Last week I was with Qualcomm. I was I was surprised at the change which has happened and they are also
10:05 surprised because just a few few years ago when I requested Cristiano the CEO of Qualcomm that why don't you start looking at designing complete systems here in India he took that challenge he challenged the Indian team and today those teams are designing complete solutions not just doing the back office work but designing complete solutions and Friends, the talent pipeline which we have created in 315 universities, it's a it's such a major talent pipeline that I can tell you with very high level of certainty that in the coming years at
10:51 least majority of the semiconductor design in the entire world is going to be done out of India. INDIA we have trained more than uh by now we have trained more than about 70,000 engineers in designing chips I asked this question in the round table in that was how many universities are there where students can use they use the latest semiconductor design EDA tools from CAD and synopsis semens and they are able to design the chips actually manufacture the chips and
11:37 validate whether the product has come out as they are envisaged people could not count more than 20 universities in the entire world we have 315 universities way from far away places from Assam from Jharkand from Odisa from Kerala from Tamil Nadu from Jammu know where students are actually designing chips and those chips are now manufactured in SCL Mali and tested and validated. This is going to give a phenomenal advantage to our youth to our students to our young people and that's going to create that huge wave of innovation which will keep on happening for the next multi-deade journey in
12:23 semiconductors which we have taken up. Our next version of semicon mission semicon 2.0 0 we'll have huge focus on design. We will be focusing on at least 50 deep techs to come from India. Whether they are large companies, whether they are startups, whether whether they are people who are working in the semiconductor industry globally, but they want to come back to India and create that new, the next Qualcomm, the next Broadcom, the next Nvidia. I can say with confidence today that the next Nvidia, the next Qualcomm will come
13:08 out of India. that that base is now set for us. Now that learning curve is already behind us that that entire ecosystem has got built and that ecosystem will propel the next wave of growth in semiconductors. We are also now very clear on our path from 28 nanometers to 2 nanometers and it's going to be a very measured journey. We are not doing anything in haste. We want to take every step after careful thought after looking at all the pluses and
13:55 minuses after considering the preparedness of the entire industry. So we began with 28 nanometers because we wanted to make sure that the entire ecosystem first comes to India and it's a very complex ecosystem more than 250 gases and chemicals very complex even 1 m change in the pipeline which supplies the chemical or the gas to the final machine which does the fabrication that can change the entire specs. Nanometer is so difficult to fathom. I was giving this example to somebody. If you look at the nail, imagine writing your own name on this nail. You can do that with a little bit of practice. Right? Imagine writing the entire Ramayan on on this nail. Right?
14:43 Imagine writing the entire Ramayan, the entire Mahabharat, the entire Shrimat Bhagat Gita and all the purans on this small little nail. That is what a nanometer level fabrication is. So it's really really complex. It's very very very complex. It's at atomic level. It's that um the entire plasma. It's basically plasma which does the etching. It's very very complex. To get that complexity to work in India, we must take every step with lot of careful thought. So that initial grunt work, that initial hard work, that initial work which is required to get the industry in India is now done. Very
15:32 happy to share with you within next few weeks out of the 10 plants that we have approved 10 semiconductor manufacturing units that we have approved as a part of the semiconductor 1.0 mission. First one is going to start the commercial production in the coming few days. Our honorable prime minister will be flagging off that first commercially produced semiconductor chip from the first plant very soon. Stay tuned for that. And that's going to be a big jump because since 1962 our country has been dreaming of this industry has been and I don't want to get into a blame game but recently the
16:17 leader of opposition was questioning India's data strategy. I would like to ask him a few questions. Does he know that our entire IT industry is built on free flow of data? The entire world's data is brought to India to do the processing here and do the operations of the companies, global companies, global banks, global insurance giants, global retail, global logistics. That entire data comes to India, gets processed here and does he know that that is the foundation of our IT industry? He's wanting to shut down
17:02 every moment of data. Does he even understand that that will that will be kind of so detrimental for our IT industry which is based on getting the data from the entire world. Does he understand that the data center scheme which has been announced in our budget is for getting the world's data to India and making sure that our industry provides those AI based services to the entire world. Does he understand that the semiconductor program is the foundation of databased economy and sovereign models is the foundation of having those
17:49 AI based services. I seriously think that he must change his view and must understand this in deep detail before making those comments which are not based on facts. Friends, I'll also come to the third point which is electronics manufacturing. I'm sure you are aware that in the last 10 years our electronics manufacturing has grown six times six times. It's growing at double digit caggr and our electronics exports have grown eight times in the last decade. Eight times growth in the last decade. The ecosystem of electronics manufacturing
18:36 is now well established in our country and this is where also the opposition and especially the leader of opposition was questioning whether we are a producer economy or we are only a service economy. I would like to emphasize that we are both a producers economy and a services economy. Our electronics manufacturing is today it has reached a level where now we are manufacturing not only the final product but also the modules and the subm modules and now we have started manufacturing the components. Now there are a series of components where more than 50% of our demand is
19:23 going to be met out of India within the coming two years and there are so many components where we will become the global suppliers to the world including our neighbors. That's the journey which has happened. I will request the opposition to take a look at that, understand that, see that journey which has happened which could never happen in the first six decades of our independence. among the exported goods. Now electronics is among the top three exported goods already and very soon electronics will be among the top two exported goods out of India.
20:10 This was unthinkable 10 years ago. This was unthinkable in the previous governments. But that change has actually happened and the world is taking note of it. When the EU FTA was getting negotiated, one of the key things that the European Union wants from India is electronics products. They want electronics boards. They want electronics components. They want electronics modules. They want electronics exports to be done out of India for their defense industry, for the industrial activities, for their consumer electronics, for their practically every aspect of their life. They want the electronics industry to be exported out of India. Electronics goods
20:56 to be exported out of India because we are a trusted country. The world trusts us and that trust has happened through a very meticulous foreign policy which our prime minister has has implemented over the last uh 11 and a half years. In in these years, India has now emerged as a trusted partner, which which believes in IP, which respects IP, which believes in solving problems through negotiations, solving problems through discussions, solving problems through multilateral institutions and that is what is most important. Even
21:41 in the case of India US agreement, a large part of semiconductor manufacturing where the world is today worried about the concentration which is happening. India will become the trusted partner for the entire world in the semiconductor and electronics value chain. Friends, with that I'll come to railways and very happy to share with you that our journey in designing and constructing the first bullet train project from Mumbai to Ahmedabad has made very good
22:27 progress and next year 2027 itself we'll be launching the first section we'll be inaugurating the first section on this entire corridor between Mumbai and Ahmedabad. The most important part of this journey is that again in this very complex industry, our people, our engineers, our designers, they have really lived up to the challenge. Our industry has today come up that learning curve and today we are practically fully self-sufficient in the entire
23:12 high-speed train technology. It's a matter of pride for us because getting those complex technologies, understanding them, preparing our people to design those systems, imagine the complexity of a vehicle which runs at 350 km per hour. We know when we start when we drive a car when we move beyond 70 80 and move into 100 kilometer per hour everything changes right when it is beyond 120 kmp the vibrations the entire atmospheric pressure the control of the wheel everything changes in case of railways
24:00 when a vehicle is driving when a train is running at 350 km kometers/ hour. The interaction between the wheel and the rail, the interaction between the overhead wire and the pantoraph which collects the electricity and the interaction between the train and the atmosphere. These are very very very complex but that is now what our engineers have been able to understand and they are now able to design those complex systems. So that's the journey which have taken apart from constructing the first corridor the journey in learning moving
24:48 up that learning curve that has been very very significant journey and that's why our honorable prime minister Shinarendra Modi GI announced the seven new bullet train corridors which will connect large part of our country and totally transformed the the entire transportation industry. Imagine going from Chennai to Bangaluru in 73 minutes only. 73 minutes practically the two cities will become one city, right? It will be like you start at do your morning office work, go to
25:34 Bangaluru, do your work and come back, have dinner with your family. Imagine between Mumbai and Ahmedabad, it will be just 1 hour and 57 minutes. 1 hour and 57 minutes. Less than two hours, right? That two hour has become quite popular in the social media these days. [laughter] So kids take so much fun at whatever we do. It's good. Our youth is very creative. Imagine between Bangaluru and Hyderabad just two hours. Same is the case between Mumbai to Vanessi and Vanasi to Patna and all the way to Siliguri in Bengal. Siliguri is northern part of Bengal. And of course these networks
26:20 will further develop as we grow towards Vixit Bharat. Our goal for Vixit Bharat is about 7,000 kilometers of these highspeed trains and as the projects have been announced these project comprise about 4,000 kilometers of highspeed trains. We have already moved immediately after the budget announcement was done. We have already moved and we are going to standardize the entire system. We'll have common specifications for all the corridors. We will have Indian designs, Indian specs where anybody in the world can come and participate in these and we'll have large role for the industry to
27:07 contribute to this journey because this is where our industry has the potential to become exporters and we have become exporters in our own right. Today some of the most complex part of the train which is the propulsion system is today exported to Switzerland, to Germany, to Poland, to Italy and to US. Those benchmarks are the new benchmarks that we are setting. So this is the journey friends. In railways we are also doing taking up about 52 reforms in the 52 weeks of 2026. We'll be announcing the first two
27:54 reforms today afternoon and uh we have already worked on seven more reforms and other reforms are now in the pipeline. These will bring a big change in every common citizen who travels in railways. And as we have always maintained for us the low-income families, the middle inome families, they are the most important customers in railways and everything we do is for safety. We have been able to reduce incidents, safety accidents by about 90% by about 90%. But that is not where we want to stay. We want to further reduce it. And
28:41 our challenge taken to the team, given to the team, all of us are working on it is to make sure that we achieve the global benchmarks in the two to three years time frame on so many different parameters, so many different factors. Like last year we became the second largest cargo carrying railway in the entire world surpassing North America. Um so today India and China are the biggest uh cargo carrying railways in the entire world at 1.6 billion tons cargo carried last year and also this year. So those are the benchmarks friends that is the journey. Thank you so much for inviting me to GBS. This is one of the most coveted sessions and this is one of those
29:28 um summits which really set the benchmark for policy dialogue for industry dialogue for the way forward for the entire country. Thank you so much ET. Thank you so much GPS. Thank you.
