Uday Kotak urges Indian firms to partner with Chinese investors for manufacturing
Uday Kotak said in New Delhi that Indian companies should team up with Chinese firms to boost domestic production.
At the Bloomberg New Economy Forum 2026 in New Delhi, Uday Kotak advocated for Indian firms to form joint ventures with Chinese companies as a strategy to grow domestic manufacturing. He cited China's past success in partnering with American firms and noted that current tariff policies could encourage Chinese firms to invest directly in Indian production. Kotak criticized India's historic dependence on Western capital, saying recent challenges with the United States call for a broader investment outlook.
He emphasized that openness to Chinese investment aligns with the Make in India agenda and could mitigate supply-chain risks. The remarks come as global trade relationships evolve, with tariffs and investment restrictions reshaping where companies locate assets.
Why it matters
Kotak's call signals a potential shift in India's trade and investment strategy toward greater Chinese involvement.
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