NEW DELHI,31.08.17-India and Switzerland today signed two MoUs for exchanging technical cooperation in Railways.

    The pacts were inked following delegation level talks between Prime Minister Narendra Modi and visiting Swiss president.

    Prime Minister Narendra Modi also thanked Switzerland for supporting for India's MTCR and Nuclear Suppliers Group membership. He said India and Switzerland working on a new bilateral investment treaty.

    Prime Minister termed the Climate change is a big challenge and called for implementing Paris agreement to meet the challenges.

    He said that transparency in financial transactions is a cause of worry and our cooperation continues with Switzerland.

    While addressing the joint press conference, Switzerland's President Doris Leuthard said that Switzerland has accepted the automatic exchange of information and our parliament will pass it by end of this year.

    Union External Affairs Minister Sushma Swaraj has called on Switzerland President Leuthard. Both the leaders discussed wide-ranging issues of mutual interest.

    Earlier, Swiss president paid floral tributes to Mahatma Gandhi at Rajghat.

    Swiss president, Doris Leuthard, who is on a three-day visit to India was accorded ceremonial reception at the forecourt of Rashtrapati Bhawan this morning. President Ram Nath Kovind and Prime Minister Narendra Modi welcomed the Swiss President.

    Prime Minister Narendra Modi visited Switzerland in June 2016 in what was the first prime ministerial visit from India in several decades. During the course of that visit, Switzerland expressed support for India's membership in the Nuclear Suppliers Group (NSG).