India, Sept. 8 -- The Indian and Israeli governments on Monday signed the bilateral investment treaty (BIT) in an attempt to promote investments between the two nations.

The pact was signed between Indian Finance Minister Nirmala Sitharaman and her Israeli counterpart Bezalel Smotrich.

Sharing details about the ink signed, the Indian Ministry of Finance wrote on X: "The Government of India and Government of the State of Israel sign Bilateral Investment Agreement #BIT in New Delhi, today."

"Union Minister for Finance and Corporate Affairs Smt. @nsitharaman and Finance Minister of Israel H.E. Mr. Bezalel Smotrich sign the #BIT," the Ministry said.

Since establishing diplomatic relations in 1992, India-Israel bilateral trade and economic...