New Delhi, Sept. 8 -- India and Israel on Monday signed a Bilateral Investment Agreement (BIT) here in the national capital, aimed at enhancing reciprocal investments and strengthening economic cooperation between the countries.

Talking to ANI, Shmuel Abramzon, Chief Economist at Israel's Ministry of Finance, said this agreement will bring "clarity and stability" to investors in both countries.

"We already have investments from both sides, and we want to increase that. This is what the agreement does," Abramzon said.

He believes that this BIT will also pave the way for a free trade agreement. "I believe it will also pave the way to free trade agreements."

"And there is already some discussions, pre-negotiations, I would call it, betwe...