SEBI’s Sunil Kadam implores market community to innovate, not copy
The remarks followed the controversy around Galgotias University’s false claims on manufacturing a robo dog
By: : Suraj Sinha
Update: 2026-02-21 14:45 GMT
SEBI’s Sunil Kadam implores market community to innovate, not copy
The remarks followed the controversy around Galgotias University’s false claims on manufacturing a robo dog
The Securities and Exchange Board of India’s (SEBI’s) Executive Director Sunil Kadam has implored the market community to desist from ‘copying’ others and innovate on their own.
The remarks were made days after the Galgotias University controversy at the India AI Impact Summit 2026, where the Uttar Pradesh-based private university displayed a robo dog manufactured by a Chinese company as its own innovation. Raising concerns, the move grabbed eyeballs worldwide.
At an event organized by the brokers' body, the Association of National Exchanges Members of India (ANMI), Kadam remarked, “India should not be copying things like we experienced in the global (AI Impact) Summit, wherein somebody short-projected the Chinese product as our product. We should be doing our own innovations.”
He added that India must invest more finances into research and development to avoid such instances. The country must exude confidence that it has the capabilities to be an innovations leader.
The executive director maintained that Artificial Intelligence (AI) was set to change business models, and the market ecosystem must understand ways to assess aspects like valuation and how best to use technology.
“We all need to adapt to the AI technology no matter how good or bad we are in understanding technology. We have no choice,” he guided.
Meanwhile, SEBI plans to introduce an AI-based software to provide more information about a company or the market to an investor in an interactive manner across many languages.
Speaking at the same event, the Chief Executive and Managing Director Ashish Kumar Chauhan of the largest equity stock bourse, the National Stock Exchange (NSE), stated that from 11 April 2026, Indian markets would begin executing trades in nano seconds. This would be thousand times faster than the global scenario.