India weighs friendlier investment treaty rules as Cabinet nod nears: DEA Secretary
India is reviewing its bilateral investment treaty model to attract more foreign capital. This review aims to make the treaty more investor-friendly and address existing concerns. Private investments are showing steady growth, benefiting from public capital expenditure increases. The government is also considering relaxing timelines for foreign investors to pursue global arbitration. India seeks…
India is considering making its bilateral investment treaty (BIT) model more investor-friendly, with the Cabinet potentially approving changes soon, according to economic affairs secretary Anuradha Thakur. Private investments have been steadily rising, driven by increased public capital expenditure in recent years, as indicated by an industry study.
Thakur emphasized the importance of a stable macroeconomic environment and public finance framework for attracting foreign capital, especially during turbulent global times. The government is reviewing the BIT model, taking into account red flags and seeking to maximize favorable conditions for investment, in response to the West Asia crisis and the need for more foreign capital.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
