President Pratibha Patil, on her visit to Mexico, has said that Indian investments into Mexico have been growing steadily and that now India looks forward with enthusiasm on the part of Mexican investors to enter the Indian market.
"There are tremendous opportunities in the areas of infrastructure and tourism in India which can be exploited by Mexican entrepreneurs. We welcome investments being made by Mexican companies in India," she said during ceremonial reception at Los Pianos, the Presidential House, hosted by Mexican President Felipe Calderon on Thursday.
The President expressed hope that the India-Mexico High Level Group on Trade, Investment and Economic Cooperation will meet in June this year to draw up a roadmap for the rapid development of trade and economic relationship between the two countries.
In her banquet speech, the President further said that the democratic yearning of both the countries, faith in non-violence and dialogue, the pluralistic and secular credentials of policies make the two countries natural allies in facing the global challenges of today.
Importance: In addition to discussing their investment ideas, the two countries also signed an agreement in energy and aviation sectors. In regard to Indian investment in Mexico, I have to wonder how the Mexicans allow it, considering their feelings on foreign investment; perhaps, their ire is only directed toward developed countries that they believe would take advantage of their situation.
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