On Saturday, India’s Finance Minister, Nirmala Sitharaman, met with her Mexican counterpart, Rogelio Ramírez de la O, in Mexico City to strengthen economic cooperation between the two countries. During their discussion, Sitharaman congratulated Ramírez de la O on his reappointment as Secretary of Finance and Public Credit. She also complimented Mexico’s economic stability over the previous six years due to prudent fiscal policies.
The conversations focused on potential collaboration via India’s dynamic startup environment, which Sitharaman believes might provide new solutions for both countries. She also discussed India’s ongoing emphasis on infrastructure development and ease of doing business, highlighting the repeal of about 1,500 old laws and 6,000 compliance regulations to improve company efficiency.
Sitharaman invited Mexico to collaborate on India’s successful digital transformation projects, with a focus on fintech, digital payment, and financial inclusion. Speaking at the India-Mexico Trade and Investment Summit, she emphasised the potential for broad-based collaboration, notably in the pharmaceutical, automotive, and electronics industries.
She emphasised India’s rising digital economy and investment potential in areas such as 5G, AI, and R&D. She also asked Mexican firms to explore collaborations in banking, aircraft and ship leasing, and the establishment of international colleges at GIFT-IFSC.
