PM Modi may make a stopover in Switzerland on his way to the US in June to discuss the issue of illegal cash stashed in banks there.
A ‘The Times of India’ report has said that top level Indian and Swiss officials are in touch to facilitate the visit.
If the plan visit works out, Modi will land in Swiss capital Bern on June 6 on his way to Washington, DC from Doha.
He is likely to have a bilateral meeting with Swiss President Johann Schneider-Ammann during the short visit.
On agenda of meeting will be an arrangement which the two countries are looking to finalise for automatic exchange of information on tax-related issues. There is a possibility that government may arrive at an understanding over the issue with Switzerland.
Government officials said that there is agreement on most of the information sharing agreement other than data obtained through "non-official means", which could be information obtained from a whistle-blower or other sources.
While the tax department is involved in final discussions, top officials from the Swiss government may also reach Delhi in a few weeks to work out a cooperation arrangement on revenue and other financial matters.