India News | India, Mexico to Take Their Trade Relationship to a New Level : Envoy
Get latest articles and stories on India at LatestLY. The Ambassador of Mexico to India, Federico Salas Lotfe on Friday said that the association between India and Mexico is more than a decade old and the two countries intend to take their trade relationship to a new level after the pandemic, during which everything came to a halt.
Kolkata, Mar 4 (PTI) The Ambassador of Mexico to India, Federico Salas Lotfe on Friday said that the association between India and Mexico is more than a decade old and the two countries intend to take their trade relationship to a new level after the pandemic, during which everything came to a halt.
Lotfe said now the situation is improving fast and a delegation from Mexico will come to India to discuss how they would like to facilitate Indian companies to start their business in that country.
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Mexico has been an important source of crude oil and iron and steel also form an important sector of that country's export to India, according the envoy.
IT start-ups are one of the fastest-growing sectors in India and Mexico and a joint venture by the two countries in this area could be beneficial in the long run, Lofte said.
Indian pharmaceutical companies that have set up their offices in Mexico are benefited by the strategic location of the country.
Bilateral trade between India and Mexico exceeded USD ten billion, according to the Bank of Mexico. PTI dc
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)