Nirmala Sitharaman proposes a combined meeting to facilitate global expansion and regulatory compliance.

Sitharaman emphasized that Indian enterprises cannot anymore treat external regulations as secondary options. She noted that the Indian industry needs coordinated support to expand in other countries since startups can't reasonably expect to understand, interact, or negotiate every legal framework on their own. The proposed forum could help businesses license themselves and gain from technological imports, form partnerships, enter new markets more securely, identify interoperable areas where standards may be compatible, share best practices regarding data and cybersecurity. Some nations have supportive rules while others intentionally or unintentionally block newcomers. This divergence creates chaotic normative environments hindering globalization, requiring common reference points to avoid Indian firms being blocked by incompatible regulations. Lack of coordination means that companies must navigate through diverse regulatory systems without clear guidance; otherwise, they risk additional costs for compliance or losing strategic partnership opportunities with international regulators who might otherwise be accessible. The ultimate goal is creating an ecosystem where rules can be interoperable, allowing businesses to operate with certainty under compliance across multiple countries. This approach is essential for attracting international investments and supporting technology innovation, which forms the foundation of India's long-term economic growth. Expected outcomes include increased trust between enterprises and regulators, reduced compliance costs, and opening up new markets. However, success will depend on collaboration among enterprises and governments' willingness to adopt common standards for emerging technologies.