New Delhi, April 7 -- Uday Kotak, Founder and Non-Executive Director of Kotak Mahindra Bank, on Tuesday warned that the world may be entering a phase of structural geopolitical change and said India must invest more in research, innovation and manufacturing to truly achieve self-reliance.

Speaking at the FICCI Foundation Day - Celebrating the Spirit of Entrepreneurship organised by the Federation of Indian Chambers of Commerce and Industry, Kotak said the current global situation -- particularly rising conflicts and shifting geopolitical power -- raises an important question about whether the world will return to normal or undergo deeper structural changes.

"We are at an important cusp of what I call the return of global colonialism," K...