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Switzerland wants to be a haven for Indian startups, not ‘black money’

by CKadmin

Switzerland wants to be a haven for Indian startups, not ‘black money’

New Delhi/Bern: Switzerland is looking to bolster its appeal as a preferred location for Indian startups through a number of globally competitive measures, even as it battles perception as a haven for alleged black money.

The alpine nation, famous for its banks that are allegedly used to park ill-gotten wealth, is high on technology in various sectors, experts said. Startups then can be instrumental in charting the country’s future economic growth trajectory.

The Federal Council has now tasked the EAER and the Federal Department of Justice and Police to examine further measures in these areas in greater detail.

The findings are expected to be presented in June 2022.

 

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