New Delhi, Nov. 12 -- union Finance Minister Nirmala Sitharaman held a bilateral meeting with Khalid Al-Falih, Minister of Investment, Saudi Arabia, on Wednesday in New Delhi, with the talks focusing on negotiations on the Bilateral Investment Treaty (BIT) between the two countries.
According to a finance ministery post on X, the two sides emphasized on the need to conclude negotiations swiftly to unlock robust two-way foreign direct investment (FDI) and deepen economic cooperation.
During the meeting, Sitharaman highlighted that a modernized BIT framework would "strike the right balance safeguarding India's policy space while ensuring that foreign investors have confidence in legal protections," a stance she reiterated from her recent st...