India is expected to conclude Bilateral Investment Protection Agreements with at least three more countries by December this year.
Speaking at the Munich Security Conference in New Delhi today, Union Finance Minister Nirmala Sitharaman said that a new template for bilateral investment treaties is ready and is expected to get Cabinet approval soon to make it more investor-friendly.
She said the new template seeks to provide sharper protection to investors from both sides. Mrs Sitharaman added that India has also concluded similar agreements with the UAE, Oman and some Central Asian countries.
The Minister informed that negotiations are underway with several countries, including Canada and Russia, on bilateral investment protection agreements.
