India, Israel sign new bilateral investment agreement
India and Israel have inked a fresh Bilateral Investment Agreement (BIA) in New Delhi, making Israel the first OECD country to join India's updated investment treaty framework.
Signed by Finance Ministers Nirmala Sitharaman and Bezalel Smotrich, this 2024 deal replaces an old agreement from 1996 and aims to open new doors for both economies.
What does this agreement mean for both countries?
This agreement is all about making it safer and easier for investors from both countries—think stronger protections, clear rules, and fair compensation if things go wrong.
With about $800 million already flowing between India and Israel, the hope is for even more collaboration in areas like fintech, digital connectivity, and infrastructure.
Plus, the BIA excludes areas like taxation and preserves each country's right to regulate, ensuring growth without compromising sovereignty.
All this could mean more opportunities and innovation in these fields.