Swiss President Doris Leuthard, who is on a three-day visit to India, is holding talks with Prime Minister Narendra Modi at Hyderabad House in Delhi. Both India and Switzerland are set to expand bilateral ties.
In the extensive talks, both sides are likely to find ways to ramp up trade and investment ties. The Indian side may also raise the issue of black money stashed by Indians in Swiss banks.
“India and Switzerland enjoy robust economic ties, with Switzerland being seventh largest trading partner and eleventh largest foreign investor for India…Both countries share common views on many major global issues. The upcoming visit will provide an opportunity to both sides for holding wide-ranging discussions on bilateral, global and regional issues of mutual interest,” the MEA statement said.
President Leuthard is accompanied by senior government officials and a large business delegation of leading Swiss companies.
Earlier in the day President Doris Leuthard met External Affairs Minister Sushma Swaraj. She also received a ceremonial welcome at the Rashtrapati Bhavan.
PM Modi had visited Switzerland in June last year during which the country had announced its support to India’s membership of the Nuclear Suppliers Group.
The two countries had also resolved to strengthen cooperation in combating tax evasion and blackmoney. Modi, then, had said combating the menace of black money and tax evasion was “shared priority” for both the countries.
(With inputs from PTI)