Union Finance Minister Nirmala Sitharaman has said that cooperation between India and Mexico can be potentially broad-based and multi-sectoral for a deeper collaboration between the two nations.
The Finance Minister stated this while participating in the India-Mexico Trade and Investment Summit on Enhancing Trade and Investment Collaboration in Mexico City. The Minister of Economic Development for Mexico City Manola Zabolza Aldama also attended the summit.
In her address, Finance Minister Sitharaman said, the two countries have immense prospects to enhance economic cooperation. She said, India offers tremendous opportunities for growth and investment, especially in the pharma, manufacturing and automotive sectors.
The Finance Minister also highlighted India’s emergence as a global leader in the digital economy with an adoption rate of 87 percent in the FinTech sector with initiatives like UPI. She added that India-Mexico partnership can provide a fertile ground for cross-border collaborations and innovation in Fin-Tech and digital payments. On the sidelines of the Investment Summit, the Finance Minister also witnessed exchange of an MoU between Confederation of Indian Industry and Consejo Coordinador Empresarial.
In a separate event, Finance Minister Nirmala Sitharaman also met the Secretary of Finance and Public Credit of Mexico Dr. Rogelio Ramirez de la O. During the meeting, she expressed India’s willingness to share its experiences with the Government of Mexico and to explore collaboration based on India’s digital transformation.
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