India will not extend the March 31 deadline for other countries to renegotiate their investment agreements and align them to a new investment framework, commerce and industry minister Nirmala Sitharaman said on Tuesday. Further, investments from countries that fail to renegotiate investment protection agreement by April 1will not get complete benefit under any treaty With only three months left for India’s Bilateral Investment Treaty (BIT) to come into force, not many countries have approached the government to renegotiate their existing investment pacts based on the model BIT text. “We had given one year’s time for countries with whom we have investment agreements to come and renegotiate them… We are waiting for them to come and talk,” the minister said There will be a hiatus between the expiry of old pacts and the inking of new ones during which investors will not get the same level of treaty protection. The European Commission (EC) has raised concerns over negotiations for