India-Mexico Business Chamber (IMBC)
IMBC History
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.
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
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.
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:
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:
The original Provisional Committee of IMBC was composed of:
Their leadership laid the groundwork for an institution that continues to influence bilateral economic policy and cross-border commerce.
The IMBC relaunch was made possible through the ongoing support of prominent figures from both countries.
From Mexico, key supporters included:
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.
Río Grande, Zacatecas – April 14, 1964
Rocío Nahle García is a Mexican chemical engineer and politician, and a member of the Morena political party. Since December 1, 2024, she has served as the Governor of Veracruz, becoming the first woman in history to hold this position.
Nahle earned her degree in Chemical Engineering from the Autonomous University of Zacatecas (UAZ), where she studied from 1981 to 1986, with a specialization in Petrochemistry. She later completed a diploma in Process Chemical Engineering from UNAM, and another in Economic Feasibility of Industrial Processes from the University of Veracruz.
Her professional career began at the PEMEX petrochemical complexes in Pajaritos, Cangrejera, and Morelos, where she held various roles in administration, finance, process management, planning, and quality control. In the private sector, she worked with Industrias Resistol.
Nahle is an active member of the Pemex Engineers Group "Constitution of 1917" (G-17) and the National Committee for Energy Studies (CNEE) for Latin America and the Caribbean. She has also served as an advisor to the Energy Commission in the Mexican Chamber of Deputies during the LIX and LXI Legislatures, and to the Senate of the Republic in the LXII Legislature.
Mexico City – February 10, 1963
Graciela Márquez Colín is a Mexican public official, economist, historian, and academic. Since January 1, 2022, she has served as President of the National Institute of Statistics and Geography (INEGI), a role to which she was appointed by President Andrés Manuel López Obrador.
Before 2018, Márquez had never held a public office. As an academic, she is recognized as a specialist in economic history and served as a professor-researcher at El Colegio de México from 1998 to 2018.
She held the position of Secretary of Economy from 2018 to 2020, during the López Obrador administration. After stepping down, she was appointed Vice President of INEGI from January to December 2021, and later nominated and confirmed by the Mexican Senate as President of the Institute in January 2022.
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