Cabinet approves Signing and ratification of Bilateral Investment Treaty between India and United Arab Emirates

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval for 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 boost investor confidence, particularly among major investors, resulting in an increase in Foreign Investments and Overseas Direct Investment (ODI) prospects, which could have a favourable influence on job creation.

The decision is expected to promote investments in India and contribute to the achievement of Atmanirbhar Bharat’s goals of encouraging domestic production, reducing import dependence, expanding exports, and so on.