The April release of India’s draft model bilateral investment treaty 1(BIT), which is expected to be approved by the cabinet soon, has generated a rich public debate on its international investment regime. There are important questions about the purpose and content of investment treaties, both in India and other countries. However, some reactions – like Augusts Law Commission report suggesting that the model BIT was not sufficiently investor-friendly – frame the discussion too narrowly, ignoring key questions and objectives behind India’s transitioning investment policy regime.
Lisa E. Sachs, Lise Johnson & Sudhanshu Roy,
Next Generation Treaty – India’s New Model BIT Makes it Clear that its Goal is to Accomplish More than Investor Protection,
The Indian Express, November 12, 2015
Available at: https://scholarship.law.columbia.edu/sustainable_investment_staffpubs/123