NEW DELHI, Sept 11 (PTI): Mexico is looking at USD10 billion investments from India in the next five years, the head of a business delegation from the Latin American nation said.
"The government plans to increase the Indian investment in Mexico to USD10 billion within 5 years," Indo-Mexico Business Board, Comce, Mexico, Chairman Luis Wertman said.
Currently, Indian investment in the country stands at USD3 billion "without any promotion", he said at an event 'India-Mexico: Opportunities for Business' jointly organised by industry bodies CII, FICCI and Assocham.
Mexico is looking at sectors like steel, automobile education, IT, pharmaceutical, tourism and infrastructure to draw investment, he said.
"We look forward to companies like Tata and Mahindra to invest in Mexico and are ready to provide all the facilities, Luis added.
Mexico is also exploring options to invest in India. The country's largest bread maker, Binbo and Gruma and other Agro industries are looking at opportunities to step into the processed food segment in India.
Mexico eyes $10b investment from India in five years
FE Team | Published: September 12, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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