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Combating menace of 'black money' and tax evasion our shared priority, says Modi in Switzerland

Follow live updates from PM Modi's visit to Switzerland to deepen bilateral and multilateral cooperation

Combating menace of 'black money' and tax evasion our shared priority, says Modi in Switzerland
Modi swiss

Prime Minister Narendra Modi on Monday met Swiss President Johann Schneider-Ammann to deepen cooperation with the key European nation, and said combating the menace of 'black money' is a shared priority of both the nations.

Addressing a joint briefing, PM Modi said, "India and Switzerland have both been the voices of peace, understanding and humanitarian values in the world. The economic links between our two countries are strong and vibrant."

"Combating the menace of "black money" and tax evasion is also our shared priority," PM added.

Thanking the Swiss President for supporting India's membership into the NSG, he added, "We have both also agreed to support each other for our respective bids for the non-permanent membership of the UNSC."

Stating that India & Switzerland are making considerable progress in fighting tax fraud & evasion, the Swiss President said, "We have promised India support in its efforts to become a member of NSG."

Earlier, addressing business leaders, PM Modi told them India is not just a market of 1.25 billion and that the government is open to business. "We want to have manufacturing of global standards. Hence Swiss model of skill development very relevant for us," he said.

"The diamonds on Swiss watches come from Gujarat. So am fully sensitive to your concerns," PM Modi added.

LIVE Blog
06 Jun 2016
02:34 PM

PM Modi addresses Media

# India and Switzerland have both been the voices of peace, understanding and humanitarian values in the world.

# The economic links between our two countries are strong and vibrant.

# We see a perfect connect between our develop'nt needs and Swiss strengths. I invite Swiss companies to partner India's economic growth.

# President and I agreed to build on the Swiss Vocational and Educational Training system suited to India's needs.

# India and Switzerland also share a commitment to reform international institutions in line with current global realities

# I am thankful to the President for Switzerland's understanding & support for India's membership of the NSG.

# We have both agreed to support each other for our respective bids for the non-permanent membership of the UNSC

# Combating the menace of "black money" and tax evasion is also our shared priority.

# We are keen to welcome larger number of Swiss visitors to India, and have opened facility of e-Tourist Visa for this.

02:31 PM

Swiss President at Press Briefing:

# India & Switzerland making considerable progress in fighting tax fraud & evasion.

# We have promised India support in its efforts to become a member of NSG.

02:30 PM
08:12 AM

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