The paper presents need & importance of expanding horizons, visions & missions of leaders in universities & colleges to meet local & global challenges. Strategic visions & missions from the world ranking universities like Stanford and MIT are presented in this paper for adoption and implementation by Indian universities & colleges. Today leaders of Indian universities & colleges are found to limit their visions & missions largely to teaching and do not adequately reach to research, innovation & creativity. Organizational and management strategic visions of foreign universities which are relevant to Indian situation and can make a big difference in them are also presented. New knowledge and new technology generation in Indian universities is far too low. Technology transfer from university to human society is far too weak. Marketing of new knowledge and technology from university to human society is almost absent. NEP-2020 has very ably outlined the challenges before higher & technical education in India. Now it remains for Indian universities & colleges to implement them effectively. Government is very serious about implementation, because it is the key to people’s development. Indian youths in 21st century need to be nurtured to face not only local but also global challenges. Effective implementation of NEP-2020 is however not an easy job. It essentially requires modern strategic visions on the part of university leaders, governing body members of universities & colleges. The same are outlined in brief here. Every university & college must have to cope with global winds of change, welcome them and discuss, debate and adopt them with suitable modifications, if necessary. The purpose of the paper is to develop awareness among leaders in university & colleges about experiences from world ranking universities. If all the leaders in universities & colleges adopt the modern visions & missions then Indian education will shoot over the world.