Could it be said that the COVID-19 pandemic in Mexico was controlled thanks to the good trade relationship we have with India? Since 2010, trade ties between Mexico and India have been growing stronger, so much so that total imports and exports between the two countries have tripled.

 

200 Indian companies installed in Mexico generate more than 30 thousand jobs for Mexicans today. Thanks to the good commercial relationship with this country, in 2021 India began to send vaccines from its pharmaceutical company AstraZeneca to Mexico, later joining the shipment of vaccines to countries such as Russia, the United States and China. India stands out in the production and distribution of pharmaceuticals and medicines, doing business with Mexico and leaving the research of new medicines or cures to Mexico.

Mexican companies in India

  • Cinépolis
  • Kidzania
  • Grupo Bimbo
  • Nemak
  • Metalsa

Indian companies in Mexico

  • Tata Consultancy Services
  • Sun Pharma
  • Spark Group
  • Motherson Group
  • JK Tyre

Some curious facts that you probably didn’t know about India

  • The sideways head movement that we know as a NO, for them means a YES, and they do it very often.
  • India is the fourth country with the largest number of kilometers of railroad tracks. Its Indian Railways has more than 1.6 million employees, making it one of the companies with the most employees in the world.
  • India has one of the largest programmer communities in the world, second only to the United States.
  • It is the seventh largest country in the world, with just one of its 28 states being the size of the whole of Germany.
  • It is the second most populous country in the world, with more than 1.2 billion inhabitants.

How to do business with India?

GREETING: The greeting is made by joining the palms of your two hands with your thumbs up, bowing your head slightly.

DEALING: You should always smile, even if you do not agree with the negotiation. You must be patient because negotiations are slow, and you must always maintain firmness in the proposals.

CLOTHING: Do not wear anything made of cowhide, since the cow is a sacred animal for them.

NEGOTIATION: They don’t know how to say no, they will give you detours to get to the no. Hierarchy is very important to them, and you are always going to negotiate with someone who has the same hierarchical level as you.

MEETINGS: These start by talking about general topics to break the ice. It is also normal for them to start all meetings with tea and refusing to drink tea means bad manners.

Products traded

Exports from Mexico to India

  • Petroleum
  • Telephones
  • Gold
  • Machinery
  • Chemical products

Mexican imports from India

  • Automobiles
  • Diamonds
  • Aluminum
  • Electric motors
  • Transmission

Both the economy of this country and trade relations between Mexico and India are improving, it is time to resume those plans to negotiate with India, there is a large market to exploit.