IMBC History

Our History – Strengthening India-Mexico Relations Since 2006

 

A Strategic Partnership in Motion

 

The India-Mexico Business Chamber (IMBC) has played a pivotal role in building and strengthening the bilateral relationship between India and Mexico. As a cornerstone in the growing partnership between these two vibrant economies, IMBC reflects a shared vision to foster economic, commercial, and industrial collaboration at the highest level.

Rocío Nahle García attending the IMBC relaunch event as a key government supporter.
Portrait of IMBC’s original founding committee members.

The Foundation: A Shared Vision

 

The idea for the Chamber was born during a key period in Mexico’s diplomatic history, under the leadership of President Vicente Fox (2000–2006). As part of an initiative to diversify Mexico’s foreign trade portfolio and deepen its engagement with emerging economies, India became a top strategic priority.

 

A period of unprecedented diplomatic exchange followed, with high-level talks, bilateral agreements, and joint ventures paving the way for a stronger commercial relationship. The growing momentum inspired leaders from both business communities to propose a formal platform to support and expand this engagement.

 

On December 6, 2006, a historic resolution was introduced to establish the India-Mexico Business Chamber (IMBC). Spearheaded by Mr. José Luis Uriegas Uriegas, and seconded by Mr. Ravi Kumar Soni, the initiative was supported by a distinguished group of corporate leaders. The IMBC was envisioned as a dynamic platform to:

 

  • Strengthen trade relations

  • Promote bilateral investment

  • Serve as a forum to address business and policy challenges

A Period of Reflection and Revival

 

While IMBC began with great promise, it later faced operational challenges that led to a period of dormancy. However, bilateral trade and investment between India and Mexico continued to grow, reinforcing the need for a renewed and proactive business platform.

 

In February 2019, the Embassy of Mexico in India, along with multinational investors from both countries, convened a strategic meeting to revive the Chamber. This gathering included the election of a new board of directors and set the stage for IMBC’s resurgence.

 

The renewed vision positioned IMBC not only as a facilitator of trade but also as a strategic partner to help address 21st-century economic challenges, foster sectoral collaboration, promote technology transfer, and support policy advocacy between governments and businesses.

Official ceremony marking the relaunch of the India-Mexico Business Chamber in 2019.
Official ceremony marking the relaunch of the India-Mexico Business Chamber in 2019.
Business leaders and embassy representatives during the strategic meeting to revive IMBC.
Officials from India and Mexico signing trade and cooperation agreements.

The Grand Relaunch – May 2, 2019

 

The official relaunch of IMBC took place on May 2, 2019, during a ceremony that highlighted its diplomatic and economic relevance.

The event was honored by the presence of:

 

  • Ms. Graciela Márquez Colín, then Mexico’s Minister of Economy
  • Ms. Rocío Nahle García, Mexico’s Minister of Energy
  • Mr. Muktesh Pardeshi, Indian Ambassador to Mexico

 

Their presence reinforced both governments’ commitment to deepening economic ties and fostering sustainable cooperation.

 

The relaunch marked the beginning of a new chapter, expanding IMBC’s scope to include:

 

  • Sector-specific dialogues
  • Solutions to bilateral trade challenges
  • Strategic collaboration in areas such as renewable energy, information technology, pharmaceuticals, and sustainable agriculture

Founding Leaders

 

The original Provisional Committee of IMBC was composed of:

 

  • Mr. José Luis Uriegas Uriegas – President
  • Mr. Ravi Kumar Soni – Vice President
  • Mr. Praveen Venkataramanan – Treasurer
  • Mr. Luis Wertman Zaslav – Secretary

 

Their leadership laid the groundwork for an institution that continues to influence bilateral economic policy and cross-border commerce.

Business and government leaders from India and Mexico in a joint event promoting bilateral cooperation.
Portrait of IMBC’s original founding committee members.
Champions of the Relaunch
Rocío Nahle García
Graciela Márquez Colín
Champions of the Relaunch

The IMBC relaunch was made possible through the ongoing support of prominent figures from both countries.

From Mexico, key supporters included:

 

  • Graciela Márquez Colín, recognized for her economic expertise and leadership
  • Rocío Nahle García, an energy sector leader and chemical engineer

 

From India, the Embassy of India in Mexico played a central role. Under the leadership of the Ambassador, Indian diplomats actively promoted deeper commercial, cultural, and diplomatic ties, demonstrating India’s enduring commitment to the bilateral relationship.

Rocío Nahle García
Graciela Márquez Colín

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