Swiss take fresh look at Indian startups to break away from 'black money' image

The Federal Council has directed the Department of Economic Affairs, Education, and Research to examine the country’s startup ecosystem

Swiss take fresh look at Indian startups to break away from 'black money' image
Photo by eberhard 🖐 grossgasteiger / Unsplash

Switzerland is trying to increase its appeal as a preferred location for Indian startups through a variety of globally competitive measures even as it battles perceptions of being a haven for alleged black money.

The country, which is known for its banks that are allegedly used to conceal black money, is high on technology in a variety of sectors. Startups can play an important role in determining the country’s future economic growth trajectory.