He emphasized that SMEs are especially relevant in strengthening bilateral trade. Under “Plan Mexico,” Mexican President Claudia Sheinbaum Pardo has introduced concessions for new Special Economic Zones (SEZs), offering attractive tax incentives and tariff exemptions for Indian and global companies.
He highlighted that components and materials are crucial for Mexico’s manufacturing and re-export sectors. Significant opportunities exist for Indian businesses in IT, high-tech industries, and chemicals.
Mexico is a global agro exporter, particularly known for tequila, avocado, berries, processed foods, and superfoods. These sectors offer promising collaboration opportunities for Indian companies.
In addition, logistics, automotive, and IT sectors present strong potential. Mexico is a major hub in the global automotive industry and an emerging IT destination where companies like TCS, Wipro, and Infosys already have a strong presence.
He also noted that India can leverage Mexico as a gateway to serve the broader American market. The pharmaceutical sector offers vast opportunities, including APIs, clinical research, vaccine development, and medical device manufacturing.
Further opportunities were discussed in tourism, wellness, oil & gas, mining, and infrastructure sectors.
He also introduced GatewayMX, a one-stop digital platform providing comprehensive information on Mexico’s sectors, policies, and bilateral trade opportunities.
“India can take advantage by providing services to Mexico and expanding into the broader American market through strategic collaboration.”
