Associations India - Mexico
Main components of India’s export basket to Mexico
Engineering goods, chemicals and pharmaceuticals, gems & jewellery, textiles, agriculture products, vehicles.
Main components of Mexico’s export basket to India
Crude oil, fertilizers, iron & steel, electrical and mechanical equipments, photographic products, auto parts.
Potential Areas for Bilateral Trade
Software and IT, pharmaceuticals, chemicals, engineering goods, renewable energy, biotechnology, auto parts, minerals.
Investments and Joint Ventures
Investments from India in Mexico are estimated significantly above US$ 1 billin. Most of the leading Indian companies in IT/software (TCS, Infosys, Wipro, NIIT, BirlaSoft, HCL, Aptech, Hexaware, Patni, Tech Mahindra etc.) and pharmaceutical (Claris Life Sciences, Wockhardt, Sun Pharma, Dr. Reddy’s Laboratories, Torrent Pharmaceuticals, Lupin Pharma, Zydus Pharma etc.) sectors have set up joint ventures in Mexico taking advantage of its strategic location, large market and investment friendly policies. In 2008, JK Tyres of India bought Mexican tyre company Tornel. Leading Mexican companies like Homex, Cinepolis Cemex and Mexichem have likewise invested in India in recent times. Major investments in the steel and mining sector have also been made by the Arcelor Mittal Group.