ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Minefields in Investment Relations

The Government of India and the Government of Andhra Pradesh are facing an arbitration suit due to the cancellation of bauxite mining approvals in Visakhapatnam. A case has been filed by the investment authority of Ras Al-Khaimah, a member of the United Arab Emirates, that set up a joint venture company in the state to refine bauxite. This is the latest in a series of legal actions by foreign investors in the country. The claim, being made under an India–UAE bilateral investment agreement and the investor–state dispute settlement mechanism therein, will test India’s efforts to attract foreign investments and impact centre–state relations.

 



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Updated On : 11th Jul, 2017

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