The treaty assures appropriate protection to Israeli investors in India and vice versa.
Smotrich is on a three-day visit to India between beginning today and is scheduled to meet commerce and industry minister Piyush Goyal. He will also visit Mumbai and the GIFT City in Gandhinagar, Gujarat. This is the fourth visit to India by any Israeli minister this year.
"The Government of India and the Government of the State of Israel sign Bilateral Investment Agreement #BIT in New Delhi, today," the ministry said in a post on X.
Both countries are also negotiating a free trade agreement.
Between April 2000 and June 2025, India received $337.77 million foreign in direct investment (FDI) from Israel.
The BIT also offers protection to investments from expropriation, transparency, transfers and compensation for losses.
Israel has signed BITs with over 15 countries since 2000, including South Africa, the United Arab Emirates, the Philippines, Thailand and Japan.
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