Mumbai, February 21 Amid the Galgotias University controversy, Sebi's executive director Sunil Kadam on Saturday urged the market ecosystem to avoid "copying" others and instead innovate independently.
"… India should not be adopting things like we experienced at the global (AI Impact) Summit, where someone presented a Chinese product as our own. We should be focusing on our own innovation," Kadam said at an event organized by the brokers' body ANMI here.
Kadam said that India needs to invest more in research and development to prevent such incidents, and expressed confidence that India has the potential to be a leader in innovation.
These remarks came days after a controversy at the India AI Impact Summit 2026, where a private university showcased a robotic dog manufactured by a Chinese company as its own innovation, leading to widespread concerns about various aspects.
Kadam said that AI is set to change business models, and the market ecosystem will need to understand how to assess aspects like valuation and the best way to use technology.
"… we all need to adapt to AI technology, regardless of our understanding of technology. We have no choice but to understand and adapt to AI technology," he said.
Sebi will also be working on introducing an AI-based software that will provide investors with more information about companies or the market in an interactive manner across multiple languages, he said.
Speaking at the same event, the chief executive and managing director of the largest equity stock exchange, NSE, Ashish Kumar Chauhan, said that the Indian markets will start executing trades in nano seconds from April 11 this year, which is 1,000 times faster than the fastest in the world.