3 weeks ago
Mexico Offers Indian Companies Manufacturing and Market Access Opportunities
Mexico wants more Indian companies to do business there.
It has factories, a large population of buyers and connections to North American markets.
Indian companies could work in areas such as cars, medicine, technology and electronics.
They could sell products in Mexico or use the country as a base for reaching nearby markets.
Mexico’s consul said his office can help businesses find partners and understand rules.
Sangeeta Jain said the two countries should build more joint ventures and partnerships.
Trade between India and Mexico has already passed US$11 billion.
She said stronger cooperation could help double that amount in five years.
Mexico highlighted its manufacturing base, domestic market and North American integration as opportunities for Indian companies.
Potential sectors include automobiles, aerospace, information technology, pharmaceuticals, medical devices, electronics and chemicals.
Mexico was presented as a base for manufacturing, distribution and access to North American and Latin American markets.
Sangeeta Jain said India and Mexico should expand beyond exports through joint ventures, technology partnerships and two-way investment.
Bilateral trade has surpassed US$11 billion, and Jain said it could double within five years.
- Who
- Mexican Consul General Adolfo Garcia Estrada, Sangeeta Jain, and representatives of Indian and Mexican business communities.
- What
- An India–Mexico business roundtable discussed manufacturing, trade, investment and commercial partnerships.
- Where
- MVIRDC World Trade Center Mumbai, Mumbai, India.
- When
- Why
- To identify opportunities for Indian companies in Mexico and strengthen bilateral trade, investment and business-to-business cooperation.
Key facts
- Bilateral trade
- Trade between India and Mexico has crossed US$11 billion.
- Proposed trade growth
- Sangeeta Jain said bilateral trade could double within five years.
- Priority sectors
- Automobiles, aerospace, information technology, pharmaceuticals, medical devices, electronics, chemicals and petrochemicals.
- Mexico’s role
- A potential domestic market and manufacturing, distribution and market-access base for North America and Latin America.
- Potential partnerships
- Joint ventures, technology partnerships, manufacturing collaboration, sourcing arrangements and two-way investment.
- Business support
- Mexico’s Consulate General in Mumbai can provide market and regulatory information, partner connections and assistance with business visits.
Quotes
Adolfo Garcia Estrada
Consul General of Mexico in Mumbai
“India and Mexico have considerable untapped potential to expand bilateral trade and investment by moving beyond conventional exports towards joint ventures, technology partnerships, manufacturing collaboration, sourcing arrangements and two-way investment.”
freepressjournal.in
“With bilateral trade crossing US$11 billion, the two countries should focus on converting their complementary strengths into concrete commercial opportunities.”
freepressjournal.in
Sources
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