DAVOS (TIP): Attending the World Economic Forum (WEF) here to showcase India as an investment destination, finance minister Arun Jaitley on January 21 promised India has a “lot in the pipeline” for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
Jaitley, who marks a high-power Indian presence that includes power minister Piyush Goyal and top industrialists and bankers, is slated to meet his Swiss counterpart Eveline Widmer-Schlumpf when the issue of black money in Swiss banks will figure.
The finance minister said the ongoing meet of the rich and the powerful would be an opportunity for India where a lot is happening. He said that competing economies are mostly not doing so well and if India continued in the course that it had taken in the last seven, eight months, “there is a lot that we can attract”.
Shortly after arriving here, Jaitley said he would tell the investors that the government has done a lot and a lot is in the pipeline. Therefore, both the government of India and India as a state have embarked on a particular course and “this is what we are likely to do. So this is an opportunity to showcase India.”
Jaitley, who will be here till January 23, said he would discuss the issue of black money with his Swiss counterpart when they meet on the sidelines of the WEF meet. He is expected to seek Swiss cooperation regarding details of Indian citizens holding unaccounted money in Swiss banks and ways to repatriate that money.