India got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group (NSG) ahead of the group’s crucial meeting. The two countries also resolved to strengthen cooperation in combating tax evasion and black money.
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.
The two countries also agreed to tackle the problem of Indians stashing away unaccounted money in Swiss banks in addition to stepping up ties in areas of trade, investment and vocational training.
India has been pushing for membership of the bloc for last few years and had formally moved its application on May 12. The grouping will take up India’s application in its plenary meetings on June 9 in Vienna and June 24 in Seoul.
The NSG looks after critical issues relating to the nuclear sector and its membership will help India expand its atomic energy sector.
Nuclear Suppliers Group (NSG):
Nuclear Suppliers Group (NSG) is a multinational body concerned with reducing nuclear proliferation by controlling the export and re-transfer of materials that may be applicable to nuclear weapon development and by improving safeguards and protection on existing materials.