Bilateral Investment Treaty between India & UAE

The Union Cabinet has approved the signing and ratification of the Bilateral Investment Treaty between the Government of the Republic of India and the Government of the United Arab Emirates. The Treaty is expected to improve the confidence of the investors, especially large investors, resulting in an increase in Foreign Investments and Overseas Direct Investment (ODI) opportunities and this may have a positive impact on employment generation. The approval is expected to increase investments in India and is likely to help in realising the goal of Atmanirbhar Bharat by encouraging domestic manufacturing, reducing import dependence, increasing exports etc.