The agreement signed in Abu Dhabi reflects the shared commitment of both countries to enhance economic co-operation and create a stronger and more sustainable investment environment.

Indian officials hope that the agreement will pave the way for increased bilateral investment, which will benefit businesses and the economies of the two countries.

The agreement also provides for investment protection against expropriation, transparency, transfer and compensation for losses. This is reported by
Prensa Latina, a partner of TV BRICS.

The UAE is the seventh largest country with a 3 per cent share in the total foreign direct investment (FDI) received in India with a cumulative volume of about US$19 billion from April 2000 to June 2024, the finance ministry said.

Indian authorities expressed confidence that the treaty will contribute to enhancing investor confidence in standards of treatment.

Photo:
iStock