India proposes forum to coordinate tech firms’ overseas regulatory engagement

  • Nirmala Sitharaman proposed a forum for Indian technology companies’ coordinated foreign regulatory engagement.
  • The platform could support licensing, partnerships, market entry, interoperable standards, and cybersecurity practices.
  • Indian companies are expanding abroad as governments develop rules for agentic artificial intelligence and asset tokenisation.

India should create a forum to help its technology companies engage foreign governments and regulators in a coordinated manner, Finance Minister Nirmala Sitharaman said at the annual Global Fintech Forum in Mumbai on Friday. The proposed platform could approach authorities before regulatory positions harden and barriers are erected, as Indian companies expand overseas and governments develop rules for agentic artificial intelligence and asset tokenisation. Sitharaman said startups cannot be expected to understand and negotiate every foreign regulatory system alone. She said the forum could support technology licensing and commercialisation abroad, partnerships, market entry, interoperability of standards, and the exchange of data and cybersecurity practices. Countries differ in how their rules affect innovation, with some supporting it and others, intentionally or unintentionally, restricting new entrants.

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