India plans to revamp its Bilateral Investment Treaty to attract more foreign investment by aligning with global standards.

India's Finance Minister Nirmala Sitharaman announced plans to revamp the country's Bilateral Investment Treaty (BIT) to attract more foreign investment. The existing model was seen as too restrictive, especially regarding investor-state disputes. The new BIT aims to align with global practices to facilitate trade deals with partners like the EU and UK, boosting international investment in India.

2 months ago
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