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Saudi Arabia Urges Early India BIT Rollout; Switzerland Seeks Finalization
M
Moneycontrol•28-09-2026, 23:37
Saudi Arabia Urges Early India BIT Rollout; Switzerland Seeks Finalization
- •Saudi Arabia has requested India to expedite the implementation of their newly concluded Bilateral Investment Treaty (BIT).
- •Switzerland has sought India's assistance in finalizing a similar Bilateral Investment Protection Agreement.
- •Finance Minister Nirmala Sitharaman discussed these matters in Doha during the Asian Infrastructure Investment Bank (AIIB) annual meeting.
- •Saudi Arabia's Finance Minister Mohammed Al-Jadaan expressed interest in Indian investments and congratulated India on its economic performance.
- •Switzerland's Governor at AIIB, Ambassador Pietro Lazzeri, highlighted significant opportunities for portfolio diversification in India and expressed interest in cooperation in the financial sector and sustainable finance.
Key Questions Answered
Saudi Arabia asked India to bring their newly concluded bilateral investment treaty into force at the earliest, with Saudi Finance Minister Mohammed Al-Jadaan expressing that his country looks forward to its early implementation.
Swiss Ambassador Pietro Lazzeri sought New Delhi's help and support to finalise the Bilateral Investment Protection Agreement, noting that Swiss foreign direct investment growth in India is outpacing global FDI.
Finance Minister Nirmala Sitharaman and Nepal's finance minister Swarnim Wagle discussed Nepal's assessment and priorities for post-flood reconstruction, along with the early operationalisation of the link between India and Nepal's payment networks.
