India, Israel Sign Bilateral Investment Agreement to Boost Tech, Energy Ties
India and Israel have signed a Bilateral Investment Agreement (BIA), a significant step towards deepening their economic and innovation ties. The agreement, signed by both ministers, focuses on emerging technologies, renewable energy, and advanced manufacturing, and arrives at a crucial time for India's startup ecosystem. Israel is the first OECD country to sign under India's new model of investment treaties.
The BIA, which prioritizes investor protection, aligns with India's updated policy goals. It provides a predictable and protective framework for investors, safeguarding against regulatory changes. Both ministers agreed to work closely within the frameworks of regional development banks and discussed establishing a bilateral financial protocol to ease financing and support startups.
Israel proposed opening a Ministry of Finance representation in India to further strengthen ties with the private sector and innovation hubs. The pact paves the way for expanded cooperation in innovation-driven sectors, infrastructure development, financial regulation, and energy sustainability.
The India-Israel bilateral investment agreement, signed at a critical juncture for India's startup ecosystem, is seen as a critical diversification strategy for India's export-dependent industries. It arrives amid growing trade and investment opportunities between the two countries and is expected to deepen economic cooperation and strengthen their strategic partnership.
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