India, Switzerland to boost ties to fight black money, tax evasion

India and Switzerland on Thursday discussed ways to deepen cooperation in the detection of black money and combating tax evasion—a key priority of Prime Minister Narendra Modi’s administration.


Switzerland sought a new bilateral investment treaty (BIT) with India to protect investments from Switzerland after New Delhi terminated all existing pacts with partner countries in March.

The visiting President of the Swiss Confederation, Doris Leuthard said on Thursday that discussions for a new pact with India were underway.

Leuthard arrived in New Delhi late Wednesday on a three-day visit, her first as the President of the Swiss Confederation. Swiss presidents have visited India on three earlier occasions—in 1998, 2003 and 2007.

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