New Delhi, Sept. 8 -- Union Finance Minister Nirmala Sitharaman and Israel's Finance Minister Bezalel Smotrich signed a landmark Bilateral Investment Agreement in New Delhi on Monday, which would help promote investments between the two countries, the finance ministry said.

"The Government of India and the Government of the State of Israel sign Bilateral Investment Agreement # BIT in New Delhi, today," it said in a post on X.

The bilateral investment agreement marks Israel as the first OECD member to adopt India's new investment treaty model.

The agreement aims to enhance economic ties, explore financial protocols for Israeli exporters, and consider establishing an Israeli Finance Ministry presence in India.

Israel has made $337.77 mi...