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The Dollar Business Bureau The Cabinet has given its approval for signing the investment treaty with Cambodia – the Bilateral Investment Treaty (BIT). This is the first pact to be signed between the two countries on the basis of model text of BIT. The cabinet meeting, chaired by Prime Minister Narendra Modi, has taken the decision. The treaty is aim to protect and promote investments from either nation in the territory of the other nation with the purpose of enhancing flows of bilateral investment, according to an official statement. “It is the first Bilateral Investment Treaty in accordance with the text of the Indian Model BIT, approved by the Cabinet in December 2015,” it added. The investment treaty will motivate each ...

Source: PIB, Government of India The Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman.   India accepted the invitation extended by the Russian Government to participate as the Partner Country in the major Industrial Fair “INNOPROM 2016” to be held at Yekaterinburg, Russia in July 2016. This was conveyed by Nirmala Sitharaman, Minister of State (Independent Charge), Commerce & Industry, Government of India to her counter-part Denis Manturov, Minister of Industry and Trade of Russian Federation at a bilateral meeting held at St. Petersburg on July 19, 2015. India is likely to participate in the key handing over ceremony at Moscow later this year. Nirmala Sitharaman led a strong delegation to the annual St. Petersburg International and ...