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Published on: Tuesday, Tue, 17 Jul 2018 ● 4 Min Read
The India Mexico Export Trade Promotion Initiative (IMETPI), under the aegis of ALITPO, has organised a Trade Delegation to Mexico in March 2019. ALITPO – America Latina India Trade Promotion Organisation – facilitates multilateral trade growth between India and Latin America.
ALITPO is based at Monterrey, which is the most industrialised city in Mexico, just two-hour drive from the US border. Monterrey has been mentioned by Fortune magazine as the best city to do business in Latin America.
Indian manufactured products serve the need of local end product manufacturers always looking at and welcoming connects for product sourcing which helps them increase their profit margins. Leading Supermarket Chains in Mexico with excellent reach all across Mexico and Industrial Sector specific buyers are participating at the events organised for the IMETPI Trade Delegation event to explore the business opportunities.
Planning and executing the Market Entry strategy for Mexico is the most important and exhaustive task for the adventurous Exporter Entrepreneur desiring to grow his business to Mexico and Latin America and reap the rich benefits offered by these prime mark-up markets of the world. ALITPO, with its extensive reach and contacts in Mexico and Latin America, provides complete support with Turnkey Solutions in Greenfield investments, JVs – Collaborations, Operations and Management for the evolved SMEs.
ALITPO is not just a ‘Buyer Seller Meet’ organiser, but is an entity based in Mexico with the intent to facilitate and serve the complete needs of Indian manufacturers to gain access, sustain and grow their business in Mexico and Latin America. The Buyers in Mexico prefer the convenience and security offered by ALITPO in identifying and representing good quality manufacturers from India. For the Indian Manufacturer/Exporter ALITPO serves their need of local legal and market compliances, local warehousing and logistics facilities, payments and receivables and most importantly, market development for their products.
The Trade Delegation is just the first step and the Buyer Seller Meet where participants will meet buyers for their products and services.
In the second step, ALITPO will help complete the deal with prospective buyers and continue market development for the products and services in Mexico and Latin America.
Consider these very relevant facts and statistics which will help understand the potential of Mexico for business promotion opportunities – key reasons why relevant Indian companies should consider exporting to Mexico:
• Mexico is the 15th largest economy in the world
• Given Mexico’s large, diversified market, most Indian products can be sold successfully, since it is a member of NAFTA and MERCOSUR thus becoming the most strategic location in the American continent
• Mexico continues to experience stable economic growth
• Recent economic reforms have liberalised key sectors including: Consumer goods, energy and telecommunications, creating market opportunities
• Mexico’s USD 1.1 trillion economy makes it the second largest economy in Latin America and the 15th largest economy in the world. The International Monetary Fund (IMF) recently revised the country’s estimated real GDP growth from 1.9 per cent to 2.1 per cent in 2018, and
• Today, many Indian manufactured products are exported to Mexico with 2017-18 counting 12 billion USD worth of exports from India to Mexico.
Traditionally the leading sectors for Indian exports to Mexico have been: Automobiles, Auto-components, Engineered components, Pharma & Chemicals, Plastics and Resins, Textiles and apparels.
Indian corporates like TCS, Infosys, TATA Group, Bajaj, Mahindra, JK Files, among others, have strong presence in Mexico. The Samvardhan Motherson Group from India has 14 Greenfield investments in Mexico. The Parle Group – an iconic brand from India – is the latest one to enter the Mexican market by setting up a plant in Mexico. It is the first Indian food products processing company to enter Mexico and their choice out of entire Latin America, very rightly is – Mexico! In the latest development, the new government of Mexico has plans to seek technology for a petroleum refinery from the Reliance Jamnagar plant.
For more information on the IMETPI Trade Delegation further please visit the website: http://alitpo.drivingdreams.in/
