Investments from India in Mexico

📊 Foreign Direct Investment Flow from India to Mexico

India has steadily expanded its investment footprint in Mexico over the past two decades. Between January and December 2024, Foreign Direct Investment (FDI) from India to Mexico totaled US$72.6 million, broken down as follows:

• US$58 million in inter-company debt
• US$13.9 million in reinvestment of earnings
• US$744,000 in equity capital

According to Mexico’s Ministry of Economy, cumulative FDI from January 1999 to December 2024 reached US$362 million, distributed across:

• US$217 million in equity capital
• US$94.9 million in reinvestment of earnings
• US$49.9 million in inter-company debt

These figures reflect a growing strategic interest from Indian companies in Mexico’s manufacturing, technology, and services sectors.

🌍 FDI by State: Geographic Distribution

In 2024, the states receiving the highest Indian FDI were:

• Mexico City – US$42.4 million
• Estado de México – US$11.6 million
• Tlaxcala – Confidential data

Cumulatively, from 1999 to 2024, the top recipient states of Indian FDI were:

• Mexico City – US$166 million
• Estado de México – US$67.9 million
• Tlaxcala – US$55.4 million

These figures position Mexico City as the primary hub for Indian capital, followed by key industrial and manufacturing regions. Tlaxcala’s strategic importance, though partially undisclosed, continues to grow.