India signs Bilateral Investment Treaty with Uzbekistan at Tashkent

India has signed a Bilateral Investment Treaty (BIT) with Uzbekistan during a high-level meeting in Tashkent. The treaty is aimed at promoting and protecting investments between the two countries, offering legal certainty and a structured dispute resolution mechanism for investors. This agreement is expected to boost trade and investment flows, especially in sectors such as pharmaceuticals, textiles, and agriculture. The BIT outlines the rights of investors from both countries, including protection against expropriation and provisions for fair and equitable treatment. Uzbekistan, an emerging market, is keen to attract foreign investment, and the treaty will facilitate Indian companies in expanding their operations in the Central Asian country. This move is also part of India's broader strategy to strengthen ties with Central Asian nations.