Mexican Investments in India

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.

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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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A Greener Mexico

Within four years, Mexico wants to produce 25 percent of its electricity from renewable sources, the country's energy secretary said.

"The goal is that in 2012 renewable energy sources will account for more than a quarter of total capacity," said Georgina Kessel.

One of the Mexican government's priorities is to promote renewable energy as a means of ensuring the country's energy security, Spanish news agency EFE reported.

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Importance: It's good Mexico is taking a step towards the gren side of life. When we run out of oil the countries that didn't think ahead are going to have some large problems to deal with.

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UPDATE 2-INTERVIEW-Mexico Senate sees April energy law proposal

MEXICO CITY, Jan 24 (Reuters) - Mexican senators expect to have a proposal ready in April for an energy reform aimed at revitalizing the sector and possibly bringing vital deepwater Gulf of Mexico oil within reach, a senior legislator said.

After a year consulting with Mexican and foreign experts, lawmakers from all parties agree the oil sector needs a shake-up to ensure Mexico's future as a world class oil exporter, Sen. Ruben Camarillo told Reuters in an interview Wednesday evening.

"I estimate it should be during April," Camarillo said, referring to when the senate committee would have a draft proposal ready to submit. Some lawmakers had seen a bill ready by end-February but most feel more time is needed.

The reform attempt will be conservative President Felipe Calderon's most ambitious yet since he took office a year ago and shook up Mexico's pension, fiscal and justice systems.

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Importance: This article plainly states that there will be a proposal in April concerning energy reforms. It also concerns the halting of a major oil monopoly, Pemex. Mexico will likely gain more oil from the Gulf of Mexico.

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