NEW DELHI, Nov. 9 -- Nearly a decade after the Panama Papers leak put the British Virgin Islands (BVI) under scrutiny for its offshore financial structures, the territory is seeking to attract Indian businesses, saying it has addressed past shortcomings in sharing tax information with New Delhi.

Published in April 2016, the Panama Papers comprised 11.5 million leaked files from Panamanian law firm Mossack Fonseca. The documents exposed offshore structures used by wealthy individuals and companies worldwide, prompting scrutiny of whether income and assets had been properly disclosed and taxed. More than half the offshore companies in the leaked files were incorporated in the BVI, while over 500 Indians, including non-resident Indians, wer...