Revamped model bilateral investment treaty may soon get Cabinet nod
Headline by Prism · from 1 report
The Indian government is preparing to approve a revamped model bilateral investment treaty framework.
The Hindu BusinessLineThe brief
Written by software from the 1 report below.
- The Indian government plans to update its 2015 model bilateral investment treaty to better protect investors.
- The new framework will exclude tax-related provisions and local legal issues to preserve state sovereignty.
- Current rules require foreign investors to wait five years before starting arbitration against India.
- This revision aims to encourage foreign investment while protecting domestic companies operating abroad.
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Nirmala Sitharaman
Finance Minister
1 quote · 1 outlet
“To encourage sustained foreign investment and in the spirit of 'first develop India', the current model bilateral investment treaty will be revamped and made more investor-friendly”
In the article
…Israel, Uzbekistan, and the United Arab Emirates. In total, India has signed nearly 90 bilateral investment treaties. In the Budget for 2025-26 (Apr-Mar) the government had proposed revamping the existing framework. " To encourage sustained foreign investment and in the spirit of 'first develop India', the current model bilateral investment treaty will be revamped and made more investor-friendly ," Finance Minister Nirmala Sitharaman had said in her Budget speech. India is currently negotiating a bilateral investment treaty with 4-5 countries, including Canada and the UK. PTI DP JD DR DR Published on September…
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NamedIndia · Canada · Israel · United Arab Emirates · United Kingdom · Uzbekistan · Cabinet Secretariat · Ministry of Finance · Nirmala Sitharaman
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