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India close to concluding four BITs under updated treaty framework

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India close to concluding four BITs under updated treaty framework

Home / Economy / News / India close to concluding four BITs under updated treaty framework

India is close to concluding bilateral investment treaties with the UK, EU, Oman and Qatar, while the draft of an updated BIT framework awaits Union Cabinet approval

India’s current BIT framework was rolled out in 2015, following which the government undertook unilateral mass cancellation of BITs with over 50 partners in 2016

Krity Ambey New Delhi 3 min read Last Updated : Sep 25 2026 | 12:45 PM IST

India is very close to concluding four bilateral investment treaties (BITs), each based on an updated BIT framework, a finance ministry official said. New Delhi has been in talks for BITs with the UK, the European Union (EU), Oman and Qatar, and has also recently initiated negotiations with Canada.

The draft of the updated BIT framework is with the Union Cabinet, the official said, adding that it is expected to be approved very soon.

The review of the BIT has concluded at a time when India is seeing a moderation in foreign direct investment (FDI) inflows amid persistent external shocks. Net FDI inflows into India have declined over the past four years, falling from an annual average of around $40 billion between FY20 and FY22 to $6.95 billion in FY26.

Union Finance Minister Nirmala Sitharaman had announced a review of India’s BIT framework in her Budget speech for FY26. “To encourage sustained foreign investment and in the spirit of ‘first develop India’, the current model BIT will be revamped and made more investor-friendly,” Sitharaman had said in February last year.


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