India and Israel Sign Bilateral Investment Agreement to Boost Economic Ties
ECONOMY & POLICY

India and Israel Sign Bilateral Investment Agreement to Boost Economic Ties

The Government of India and the Government of Israel signed a Bilateral Investment Agreement (BIA) in New Delhi today, marking a significant milestone in strengthening economic relations between the two nations. The agreement was signed by Union Finance Minister Smt. Nirmala Sitharaman and Israel’s Finance Minister HE Bezalel Smotrich.

The signing ceremony was attended by senior officials from both governments. The BIA is expected to encourage bilateral investments, provide greater certainty for investors, and promote trade by ensuring transparent regulations, safeguards against expropriation, smooth transfers, compensation mechanisms, and independent arbitration for dispute resolution.

Finance Minister Sitharaman highlighted India’s reforms over the past decade that have created an investor-friendly environment, making it the world’s fastest-growing economy. She urged both sides to deepen business interactions and unlock fresh opportunities under the agreement.

Extending condolences over lives lost in a terrorist attack in Israel, she reaffirmed India’s solidarity with Israel against terrorism, citing shared civilisational values that support peace and security.

Israel’s Finance Minister emphasised the countries’ shared resilience in pursuing economic growth despite security challenges. He called for expanded collaboration in cybersecurity, defence, innovation, and high-tech sectors, alongside fintech, infrastructure, financial regulation, and digital payments.

Currently, bilateral investments between India and Israel stand at around USD 800 million, a figure expected to grow substantially with the implementation of the BIA.

The Israeli Finance Minister also extended an invitation to Sitharaman to visit Israel.

News source: PIB

The Government of India and the Government of Israel signed a Bilateral Investment Agreement (BIA) in New Delhi today, marking a significant milestone in strengthening economic relations between the two nations. The agreement was signed by Union Finance Minister Smt. Nirmala Sitharaman and Israel’s Finance Minister HE Bezalel Smotrich.The signing ceremony was attended by senior officials from both governments. The BIA is expected to encourage bilateral investments, provide greater certainty for investors, and promote trade by ensuring transparent regulations, safeguards against expropriation, smooth transfers, compensation mechanisms, and independent arbitration for dispute resolution.Finance Minister Sitharaman highlighted India’s reforms over the past decade that have created an investor-friendly environment, making it the world’s fastest-growing economy. She urged both sides to deepen business interactions and unlock fresh opportunities under the agreement.Extending condolences over lives lost in a terrorist attack in Israel, she reaffirmed India’s solidarity with Israel against terrorism, citing shared civilisational values that support peace and security.Israel’s Finance Minister emphasised the countries’ shared resilience in pursuing economic growth despite security challenges. He called for expanded collaboration in cybersecurity, defence, innovation, and high-tech sectors, alongside fintech, infrastructure, financial regulation, and digital payments.Currently, bilateral investments between India and Israel stand at around USD 800 million, a figure expected to grow substantially with the implementation of the BIA.The Israeli Finance Minister also extended an invitation to Sitharaman to visit Israel.News source: PIB

Next Story
Infrastructure Transport

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Next Story
Infrastructure Energy

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Next Story
Infrastructure Energy

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?