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India keen on strengthening economic ties with Liechtenstein: President Kovind

Press Trust of India  |  New Delhi 

is keen on strengthening its economic relations with Liechtenstein, said Friday.

He said this during a meeting with Alois of Liechtenstein, who had called on the at the

Welcoming him, Kovind said this is a very special visit as the two countries are celebrating the 25th

The invited Liechtensteinian companies to take advantage of the Indian growth story, according to a statement issued by the

is one of India's important partner nations in fighting overseas tax abuse and black money.

The Financial Intelligence Unit (FIU) had the opportunity to support in establishing an FIU of its own and to second its admission into the in 2007, according to

On March 28, 2013, and signed the Tax Information Exchange Agreement (TIEA) in Berne. After ratification by both sides, the agreement entered into force on January 20, 2014.

"India is probing cases of alleged black money stashed by Indians in The LGT list containing 26 names was received by India in 2008 from The government has made public names of 18 trusts/individuals against whom proceedings have been initiated," according to the MEA document updated as on December 2016.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 18:45 IST