India-Mexico Business Chamber (IMBC)
India-Mexico Insights
A Strategic Partnership for the 21st Century
🇮🇳🇲🇽 Overview of Bilateral Relations
Since the establishment of diplomatic ties in 1950, India and Mexico have built a comprehensive and dynamic relationship rooted in shared democratic values, mutual respect, and a commitment to inclusive and sustainable growth.
This strategic partnership encompasses:
- Political cooperation
- Economic and commercial ties
- Scientific collaboration
- Cultural and educational exchange
The relationship continues to evolve through high-level dialogues, bilateral agreements, and multilateral collaboration on global issues such as climate change, development, and UN reform.
Political and Diplomatic Engagement
India and Mexico have maintained cordial diplomatic relations for over seven decades. Both are active participants in key global forums like the UN, G20, WTO, and NAM.
Their diplomatic alignment is particularly evident in:
- Climate action and sustainability
- South-South cooperation
- Multilateral reform advocacy
The India–Mexico Joint Commission, established in 1984, institutionalized this dialogue, creating a framework for collaboration in:
- Trade and investment
- Energy
- Science and technology
- Education and culture
Economic and Commercial Relations
Trade and investment are cornerstones of the bilateral relationship.
- Mexico is India’s largest trading partner in Latin America.
- India ranks among Mexico’s top Asian trade partners.
Key growth sectors include:
- Automotive and auto components
- Pharmaceuticals and healthcare
- Information technology and BPO services
- Renewable energy
- Food processing and agribusiness
Indian companies have a strong presence in Mexico, especially in manufacturing and IT, while Mexican firms are investing in cement, chemicals, and food industries in India.
The India-Mexico Business Chamber (IMBC) actively supports this growth by facilitating:
- B2B engagement
- Cross-border investments
- Public-private partnerships
Science, Technology & Innovation
India and Mexico are building a robust partnership in science and technology, focusing on:
- Space research (collaboration between ISRO and AEM)
- Biotechnology
- Nanotechnology
- Engineering and STEM development
Projects include joint initiatives in:
- Disaster monitoring
- Agricultural technologies
- Climate observation
Academic partnerships are also thriving, with exchange programs and capacity-building in digital and technological innovation.
Cultural and Educational Exchange
India and Mexico share a deep cultural affinity enriched by:
Ancient civilizations
Artistic traditions
Shared social values
Cultural collaboration includes:
Music, dance, cinema, literature, and gastronomy
Yoga, Ayurveda, and Indian philosophy gaining popularity in Mexico
Mexican art and cuisine resonating with Indian audiences
Education initiatives include:
- Exchange programs
- Language and cultural studies
- Scholarships and institutional cooperation
Key Bilateral Agreements and MOUs
India and Mexico have signed multiple landmark agreements that strengthen their collaboration:
Major Agreements Include:
- Cultural Agreement (1975)
- Science and Technology Cooperation (1975)
- Educational & Cultural Exchange Programs (2005)
- Visa Exemption Agreement for diplomatic/official passports (2005)
- SMEs Cooperation MOU (2006)
- Extradition Treaty & Legal Assistance (2007)
- Double Taxation Avoidance & Investment Promotion Treaties (2007)
- Air Services Agreement (2008)
- Renewable Energy Cooperation MOU (2008)
- Technology & Education Collaboration MOU (2019)
Join IMBC Today!
🔹 Expand your business internationally
🔹 Gain credibility & recognition in both markets
🔹 Connect with key decision-makers & industry leaders