New Delhi, Oct. 5 -- Finance Minister Nirmala Sitharaman on Monday said the government has finalised a new template for bilateral investment treaties (BITs) and expects Cabinet approval shortly, with the framework aimed at making investment protection more investor-friendly.

The template, prepared over the past one-and-a-half years, seeks to address shortcomings in the 2016 model and provide stronger protection to investors from both countries, Sitharaman said at the Munich Security Conference, PTI reported.

India Continues Investment Treaty Negotiations

Sitharaman said India has continued negotiating investment protection agreements while the new template is being finalised.

The latest agreement with Saudi Arabia goes beyond the 2016...