"The Treaty is likely to increase investment flows between the two countries," Law Minister Ravi Shankar Prasad said after the Cabinet meeting chaired by Prime Minister Narendra Modi.
The agreement is expected to improve the confidence of investors resulting in an increase in FDI and Overseas Director Investment (ODI) opportunities and this will have a positive impact on employment generation, he said.
The signing and ratification of a BIT between the two countries will work as a strategic initiative as Belarus is the member of the Eurasian Economic Union (EAEU).
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