ISDS Case Map
India
This may come as a surprise to the ministry of home affairs. Security concerns of the government's intelligence agencies notwithstanding, the ministry of external affairs (MEA) is quietly pushing for a Bilateral Investment Promotion and Protection Agreement (BIPA) with China.
Bechtel Enterprises Holdings, Inc. and GE Structured Finance (GESF) have filed an arbitration action against the Government of India to recover their investments in the Dabhol Power Company (DPC).
The government has finally announced to commence negotiations on long-unheeded Bilateral Investment Protection Agreement (BIPA) with India, which the southern neighbour had been pressing for the last five years.
The newly-appointed solicitor firm in London, Evershed, has backed out of the Dabhol arbitration case at the last minute, leaving the Union government in a quandary.
BECHTEL Enterprises Holdings Inc and GE Structured Finance on Monday said that they have filed an international arbitration claim against the Government to recover their investments in Dabhol Power Company (DPC).
The government of India (GoI) has sought a 60-day extension from the Arbitral Tribunal in London for filing a defence statement after GE blocked the appointment of Evershed as India's new solicitor firm in the UK.
The United States today said it discussed with the Indian authorities the issue of forging a bilateral Free Trade Agreement on services but felt that more study was needed to be done before any commitment was made.
India's private sector is welcoming the Thai-Indian free-trade agreement (FTA), with an increasing number of Indian companies planning to set up their manufacturing bases in Thailand prior to the deal being signed.
There are rumours that the Congress-led Government is set to decide upon a potential free trade agreement (FTA) with the US government. Strong lobbies such as NASSCOM (National Association of Software Companies) are pushing an FTA for services with the belief that it will resolve their BPO (business process outsourcing) problems.
As part of positioning itself in the global economy in the ever growing global village, the Southern African Customs Union (SACU) is contemplating fostering closer economic ties with India.
