Foreign investors may soon be able to take unresolved disputes with India to international arbitration — but only after first pursuing domestic legal remedies for two years. The change is part of an overhaul of India’s Bilateral Investment Treaty (BIT) framework that is now taking final shape, official sources said. Under the existing 2016 Model BIT, foreign investors are required to pursue domestic legal remedies for five years before approaching international arbitration The revised Model BIT, expected to be placed before the Cabinet soon, will also serve as a flexible base text for future negotiations, allowing India to tailor provisions depending on the strategic importance of the partner country and the nature of the bilateral investment relationship, they said.