India and Liechtenstein today discussed a proposal for a Double Taxation Avoidance Agreement between the two countries. Briefing media in New Delhi this afternoon, Secretary (West) in the External Affairs Ministry, Sibi George said that Liechtenstein side looks at it as an enabling framework to provide greater predictability and legal certainty for investment by their companies in India. He informed that during the talks between Prime Minister Narendra Modi and the visiting dignitary, there was clear emphasis on 3 Ts – trade, technology and talent. Mr George said discussions also included exploring opportunities in cooperation in skill development and vocational education.
The Secretary (West) said Indian exports to Liechtenstein include pharma and electrical items and imports include precision equipment, machinery and devices. He informed that the cumulative FDI inflows from Liechtenstein amount to 110 million dollars. He said several Liechtenstein based countries have a presence in India already, including the Savannah Seeds and Hilti Corporation.
