13-May-2026
Economy News
 
Uday Kotak warns self-reliant country doesn’t need to ‘depend on somebody’s money or power’; urges companies to reinvest profits
13-May-2026

Market veteran and celebrated banker Uday Kotak said that India needs to reduce its dependence on foreign capital and focus on building a strong domestic pool of long-term risk capital to achieve true economic self-reliance. Speaking at a Confederation of Indian Industry (CII) event, Kotak said a genuinely self-reliant country is the one that “does not need to depend on somebody else’s money or power.”

News Source:- https://www.financialexpress.com/business/news-uday-kotak-warns-self-reliant-country-doesnt-need-to-depend-on-somebodys-money-or-powernbsp-urges-companies-to-reinvest-profits-4238566/
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org