According to media source,Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on Saturday invited Mexican investors to explore opportunities in India’s Global In-House Capability Centers (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 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 social media 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.
As per media reports,Addressing the summit, Finance Minister 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 India-Mexico relations from a ‘Privileged Partnership’ to a ‘Strategic Partnership’ during Prime Minister Narendra Modi’s 2016 visit to Mexico.Further, Sitharaman invited Mexican investors to explore opportunities in India’s Global In-House Capability Centers (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.On the sidelines of the summit, a Memorandum of Understanding (MoU) was signed between CII and CCE, aimed at fostering greater business-to-business interactions and increasing Mexico’s sourcing of pharmaceuticals and medical devices from India.The Summit was centered on boosting collaboration between the two nations in diverse sectors including IT, pharmaceuticals, healthcare, and automotive industries.
Image Source : ANI
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