Mexico

website of Indian Embassy http://www.indembassy.org

 

Basic Information

 

Overview of the Market

 

 

Business with India

Bilateral Trade (US $ million)

 

2000

2001

2002

2003

2004 2005 2006 2007 2008

2009

2010 2011

 

Exports from India

 

288

392

459

564

871

957

1125

1130

1360

1250

1600 2000

 

Imports by India

 

60

160

316

474

454

522

 

671

 

870

1600

1100

1000 1250

 

Prsence of Indian companies in Mexico

 

 

Indian Investment in Mexico

Mexico has received the largest investment from India. The total investment is 3 billion dollars.

A Bilateral Investment Promotion and Protection Agreement was signed on 21 May 2007.

Mittal group has a steel plant and is acquiring two more from Villacero for 1.6 billion dollars in 2007.

TCS wins $200million dollar deal in Mexico

Tata Consultancy Services (TCS) has won (2008)a four- year contract of over $200 million from Social Security Institute of Mexico (IMSS), which is the largest organisation of its kind in Latin America. TCS won the contract following a public bid process based on technology and financial parameters over three other leading global and local technology companies.

In its role as the strategic IT services partner for IMSS, TCS will provide end-to-end IT services including application maintenance and support, custom software development, business analysis services, management of strategic IT programs and value added initiatives for the organisation’s affiliates.

This is the largest deal for TCS in Latin America. TCS had earlier secured a 200 million dollar deal with ABN Amro of Brazil and a 170 million dollar contract with Banco Pichincha of Ecuador.

Tata Consultancy Services (TCS) has opened in June 2009, its third global delivery centre in Queretaro, Mexico and seventh in Latin America. The other two Mexican centres are in Mexico City and Guadalajara in Jalisco state. The company expects to hire 500 professionals during the current financial year for its new centre. With over 1,000 people in Mexico alone, TCS plans to take the headcount to 5,000 by 2012.

The new delivery centre in Mexico will provide advanced IT services, consultancy, test factory, business process outsourcing, contact center, IT infrastructure solutions, industrial & engineering services and solutions based on exclusive TCS products to existing and potential customers.

TCS established its operations in Mexico in 2003 and already serves more than 30 local clients in addition to international clients across various industries, including telecom, finance,

TCS employs over 5000 young Latin Americans in Brazil, mexico, Uruguay, Argentina, Ecuador and Chile. TCS has a regional training centre in Montevideo.

Infosys sets up IT operations in Monterry, Mexico

Infosys announced on 22 August 2007, the creation of its first Latin American subsidiary, and the opening of the development center and office for the region based in Monterrey, Mexico.
The subsidiary, Infosys Technologies S. De RL De CV, provides the company’s full range of business consulting and information technology services for clients in all industries including banking, financial services, retail, consumer packaged goods, resource, energy and utilities.

The Monterrey facility provides Infosys with the dedicated resources to service clients in North America, Latin America and Europe with bi-lingual talent.

 

Infosys opens Second Latin America I.T. Development Center in Monterry, Mexico- 9 November 2009

Infosys Technologies Limited today opened the company’s second Latin American Development Center in Monterrey, Mexico, offering global, near-shore, and Latin American clients a full range of information technology (I.T.) services including Business and I.T. Consulting, Business Process Outsourcing (BPO), Packaged Solutions Implementation and Infrastructure Management.

"From our first development center opening with a few clients and a dozen employees, we now have some 30 clients and 330 professionals and the future looks muy brillante," said Ashok Vemuri, Senior Vice President and member of Executive Council, Infosys Technologies. "Our public-private partnership with the city of Monterrey and the government of Nuevo Leon, Mexico demonstrates that such unions create opportunities for the city’s very talented new graduates from local universities. And it clearly creates tremendous value for clients around the world who increasingly look to our centers in Latin America for the solutions they need."

 

WIPRO enters Mexico

During the visit of President of Mexico on 11 September 2007, WIPRO announced it would start a Global Delivery Centre in Mexico, with about 100 professionals.

Patni Computer Systems Opens New IT Delivery Center in Queretaro, Mexico on 12 March 2010


Patni Computer Systems is opening a new IT Delivery Center in Queretaro, Mexico to Serve North and Latin American Markets. Jose E. Calzada Rovirosa, Governor of the Queretaro State is cutting the ribbon on 12 march.

Patni is moving from its temporary facility into a permanent location in a high-rise building at ITESM Technological Park of Tech de Monterrey. The new center occupies 11,000 square feet on two floors in ITESM Technological .Patni currently employs 40 in Queretaro. The company has plans to increase employment in the local facility to 200 by the end of 2010, with the bulk of the new hires coming from the local area.
Queretaro is Patni's 22nd development center, expanding a global presence which already features near-shore centers in the United States and Europe. Patni has an employee strength of around 14,000; multiple global delivery centers spread across 13 cities worldwide; 28 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US $656 million for the year 2009.
For more information on Patni, visit www.patni.com

Vijai electricals of Hyderabad setting up transformer plant in Mexico

Vijai Electricals is now putting up a Green Field Project for the manufacture of Energy Efficient Amorphous Metal Distribution Transformers (AMDTs) in Mexico.  About 8.7 hectares of Land has been given by H E Ismael Hernandez Deras, Governor of the State of Durango in Gomez Palacio City in a ceremony organized by him on April 12, 2007 at Durango.  The construction of the Plant started on 31st August, 2007 and is proposed to be completed by April, 2008.  The production would also commence around the same time.  This Plant would cater to the needs of Mexico, US and Canada at full capacity the plant’s revenues would cross US $ 100 Mn/annum

Sasken sets up tech support centre in Mexico

Sasken communication Technologies Ltd has set up this centre in Monterry with 100 engineers for support their north American customers in the area of embedded system software. Dr Reddy Labs invest 59 million US$ in Mexico

Dr Reddy Labs invest 59 million dollars

Dr Reddys have aquired in 2006 the Mexico unit of Roche in the API business involving manufacture and sale. The unit employs 340 people and is FDA approved. This will generate annual business of 100 million dollars.

JK Tyres acquired Mexican Tyre company Tornel in April 2008 for 68 million dollars. Tornel has three tyre plants employing 2000 people and producing 6.6 million tyres. It has a turnover of over 200 million dollars.

Hexaware Technologies entry into Mexico

Software and BPO firm Hexaware Technologies
has acquired a Mexico-based IT company Fox Frames for 34 million dollars to expand its software testing business.

 

TCS opens Global Technological development centre in Mexico

This was inagurated on 29 May at Gudalajara by the President of Mexico. TCS has invested 10 million $ to start with. They will employ 2000 Mexicans.

 

Aditya Birla Group setting up a Carbon Black plant in Mexico

This will be the first venture of the Birla group in Latin America. This greenfield plant will have a capacity of 50000 tons per year. part of the production will be exported to North America

UFLEX India commissioned its polyester films manufacturing plant in 2009 in Altamira in the State of Tamaulipas, under the name Flex Americas. 

Mexican company Cinepolis to invest 160 million dollars in India

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Mexican cinema chain Cinépolis will invest in south India for setting up multiplexes across the four states. This will make India the country with their largest market outside Mexico. They will open around 500 screens, 50 per cent of which will be in the southern cities, in the next seven years and for every screen, they will be spending around $700,000.”
Most of the funds would go in rentals and in developing screens. The amount would be funded through internal accruals.
Cinépolis is in talks with 200 mall developers and had signed up for around 110 screens in eight cities, of which 62 per cent are in the south. It would commence operations by the second half of 2009. Its first screen is scheduled to be launched in November at Amristar.
The company, the fifth largest theatre chain in the world, is aiming to move up to the fourth slot. It operates more than 2,000 screens in six countries.

 

Homex has a joint venture with an Indian company for building low cost houses in India.

 

 

Trade and Industry Contacts

 

 

  National Chamber of Commerce Mexico City

Paseo de la Reforma No. 42 Centro 06048, México, Distrito Federal Tels.  (55) 55 92 26 77 Fax.   (55) 57 03 29 58 E-mail:  desacom@ccmexico.com.mx http://www.ccmexico.com.mx

Mexican Pharmaceutical Association, A.C. Asociación Farmacéutica Mexicana, A.C.


Nicolas San Juan No. 1511, Col. del Valle
México, D.F. CP.03100,
Tel. Conmutador 91832060
Fax. (52 55) 5688-2069, 5688-4564 E-mail:  afm@afmac.org.mx http://www.afmac.org.mx  

 

Indo - Mexican Chamber of Commerce

Bosque de Radiatas No. 34 Col. Bosques de Las Lomas, 05120. México DF

Tel. +52(55) 2789-2299

www.imbe.org.mx

 

Mr. José Luis Uriegas Uriegas – President

Grupo IDESA

Director General

Golfo San Jorge No. 58

Col. Anahuac

11320 México DF

Tel. (52) (55) 5082-2509

jurigegas@idesa.com.mx

 

Mr. Ravi Kumar Soni – Vice-president

Ranbaxy Laboratories Limited

Country Manager

Av. Paseo de las Palmas No. 239 – 103

Col. Lomas de Chapultepec

11000 México, D. F.

Tel.(52) (55) 5202-5329

ravi.soni@ranbaxy.com.mx

 

Ms. Alejandra Holguin  -  Director

Grupo IDESA

Director General

Golfo San Jorge No. 58

Col. Anahuac

11320 México DF

Tel.(52) (55) 5082-2027

alejandra.holguin_imbc@prodigy.net.mx

 Mr. Praveen Venkataramanan – Treasurer

Solara, S. A de C. V.

Contralor Financiero

Gauss No. 9, 101-A

Col. Anzures

Deleg. Miguel Hidalgo

México, D.F., 11590

Tel. (52) (55) 9126-0861

praveen@solara.com.mx

 

Mr. Luis Wertman Zaslav – Secretary

NW Universe

Director General

Cerrada Parque de los Remedios No. 52

Esquina Av. Parque Chapultepec

Col. Lomas del Parque

53390 Naucalpan, Estado de México

Tel. (52) (55) 3000-1900

luisw@nwuniverse.com

 

 

 

 

 

 

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