Team Blitz India
UNION Minister for Finance and Corporate Affairs Nirmala Sitharaman has invited Mexican investors to explore opportunities in India’s Global In-House Capability Centres (GICCs), aircraft leasing, ship leasing, and even foreign university setups at GIFT-IFSC, which is emerging as a global hub for reinsurance and sustainable finance.
The Finance Minister on October 19 participated in the India-Mexico Trade and Investment Summit, marking a significant step towards enhancing bilateral trade and investment ties between both countries, the Finance Ministry said in a post on X. Sitharaman urged private sector leaders from both nations to drive forward this growing partnership, particularly in sectors like pharmaceuticals, MedTech, and digital innovation, to strengthen the economic ties between India and Mexico.
Addressing the summit, Sitharaman highlighted the potential for a multi-sectoral partnership between India and Mexico, emphasising India’s growing strength in manufacturing, pharmaceuticals, and automotive sectors. She recalled the elevation of IndiaMexico relations from a ‘Privileged Partnership’ to a ‘Strategic Partnership’ during Prime Minister Narendra Modi’s 2016 visit to Mexico. Emphasising India’s political stability, a large skilled workforce, and growing infrastructure, she said that joint efforts can focus on strengthening resilience through diversification, especially for critical components like semiconductors, printed circuit boards PCBs, and other high-tech electronics.
She also underscored India’s leadership in the digital economy, noting that India’s fintech sector has an adoption rate of 87 per cent, bolstered by initiatives like UPI and IndiaStack. The minister proposed that the India-Mexico partnership could leverage these advancements for cross-border collaborations, particularly in fintech and digital payments.
