India's proposed investment treaty terms leave foreign partners cold

FILE PHOTO: A customer enters a Vodafone store in New Delhi, India December 29, 2015. RETUERS/Adnan Abidi/File Photo

NEW DELHI (Reuters) - Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks said.

From New Delhi's perspective those treaties, mainly struck in the 1990s when it was desperate for foreign capital, left it too exposed to potential claims awarded by international arbitrators.