The Republic of Turkey and the Republic of India (hereinafter called the Parties);

Desiring to promote greater economic cooperation between them, particularly with respect to investment by investors of one Party in the territory of the other Party;

Recognizing that agreement upon the treatment to be accorded such investment will stimulate the flow of capital and technology and the economic development of the Parties;

Agreeing that fair and equitable treatment of investment is desirable in order to maintain a stable framework for investment and maximum effective utilization of economic resources; 

and 

Having resolved to conclude an agreement concerning the encouragement and reciprocal protection of investments,

Hereby agree as follows: