Gujarat Chief Minister Narendra Modi today asked Prime Minister Manmohan Singh to raise the issue of Indian money stashed in Swiss banks at G-20 summit in London and give details about Gujaratis abroad and organizations allegedly involved in keeping black money in banks abroad.
He said the permission granted to Swiss Banks for investing in Indian Stock Exchanges should be withdrawn to check black money and asked Prime Minister Manmohan Singh to raise the black money issue at the G-20 summit in London.

Modi said permission to Swiss Banks to invest in Indian market was responsible for the boom in the stock exchange two years ago.

Talking to the press after inaugurating the AREVA unit four factories at Kotamba on the outskirts of the city here, Modi said National Security Advisor M K Narayan had cautioned in 2007 about the terror money responsible for boom in the stock exchange then.

“I am writing a letter to the Prime Minister Manmohan Singh today requesting him to raise the issue of black money strongly at G20 meeting, to be held in London on April 2 and will ask him to provide details of the Indian wealth,”he said.

“It will include details about Gujaratis abroad and persons, organizations, institutions from Gujarat involved in keeping their black money in the banks abroad,”he said.

Modi thanked Election commission

Modi publicly thanked the Election Commission of India (EC) for granting permission to remaining present at the inauguration of the four factories of Areva T&D India at Kotamba village on the outskirt Vadodara.

Modi said that his visit to these factories was uncertain for the past seven days and clarification was needed from the EC on whether it amounted to violation of code of conduct, now in force, or not after the announcement of election to the Lok Sabha.

The seven days of correspondence between the company and the EC and the government in this regard, made the point clear and it became possible for him to arrive here for the inauguration function of the factories.

Modi said, “of course, this matter of inauguration of the four factories is connected with the developmental works taken up in the state.”

Speaking on the occasion, Modi said Gujarat is going to be surplus state in power in the next couple of years and will be in a position to transmit it to other power required states across the country. In this regard, he said two mega power projects are likely to be commissioned in the state soon. He, however, refrained from giving other details related to both these power Projects.