New Delhi, Feb. 2 -- The Union Cabinet, chaired by Prime Minister Narendra Modi has approved the signing and ratification of a Bilateral Investment Treaty between India and the United Arab Emirates (UAE).

This landmark decision is expected to significantly enhance investor confidence and pave the way for increased Foreign Investments and Overseas Direct Investment (ODI) opportunities.

The treaty aims to strengthen economic ties between the two nations, fostering a conducive environment for mutual investment and collaboration. With a focus on bolstering economic growth, the agreement holds promise for creating a robust framework that encourages businesses from both countries to explore and expand their ventures.

In a move set to benefit...