HomeNewsTrendsCurrent AffairsSwitzerland backs India's NSG bid; to help tackle blackmoney

Switzerland backs India's NSG bid; to help tackle blackmoney

Swiss President Johann Schneider-Ammann announced his country's support to India's membership in the 48-member grouping after holding comprehensive talks with Prime Minister Narendra Modi here.

June 06, 2016 / 16:05 IST
Story continues below Advertisement

India today got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group ahead of the elite group's crucial meeting even as the two countries resolved to strengthen cooperation in combating tax evasion and blackmoney.

Swiss President Johann Schneider-Ammann announced his country's support to India's membership in the 48-member grouping after holding comprehensive talks with Prime Minister Narendra Modi here.

Story continues below Advertisement

Agreeing to expand cooperation in tackling the problem of Indians stashing blackmoney in Swiss banks was one of the key focus areas of the talks between the two leaders besides stepping up ties in areas of trade, investment and vocational training.

"We have promised India support in its efforts to become a member of NSG," Schneider-Ammann said at a joint media interaction.