 "India, Israel sign bilateral investment treaty to boost economic ties")
India and Israel on Monday signed a Bilateral Investment Treaty (BIT) in New Delhi to boost financial and economic ties between the two countries, the Union Finance Ministry said.
The treaty was signed between the Finance Minister Nirmala Sitharaman and her Israeli counterpart, Bezalel Smotrich.
"The Government of India and the Government of the State of Israel signed the Bilateral Investment Agreement in New Delhi. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman and Finance Minister of Israel Bezalel Smotrich sign the BIT," the finance ministry said in a post on X.
"A new Bilateral Investment Agreement, signed by Israel’s Minister of Finance Bezalel Smotrich and India's Finance Minister Nirmala Sitharaman, will facilitate reciprocal investments between investors from both countries," said Israel's Ministry of Finance, as quoted by news agency ANI.
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