Nilesh Shah, the Managing Director of Kotak Mutual Fund, spoke at a conference organized by the PHD Chamber of Commerce and Industry, advocating for the monetization of India's vast household gold reserves and the reduction of regulatory burdens on entrepreneurs. Shah noted that India has spent $510 billion on gold imports over the last 25 years, with estimates suggesting that households hold around 25,000 tonnes of gold. He highlighted the potential for gold financing, which has emerged as a ₹6 lakh crore business, to unlock this dormant asset while respecting its emotional value to families. Shah also criticized outdated regulations that stifle entrepreneurship, comparing the current challenges faced by startups to the legendary warrior Abhimanyu from the Mahabharata. He emphasized the importance of supporting Indian entrepreneurs to compete globally and praised the innovative capabilities of Indian startups, citing Agnikul Cosmos as a leading example in the space sector.