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India & Mexico stress on necessity to encourage cooperation between SMEs

Updated: Jun 09, 2016 06:54:19am

India & Mexico stress on necessity to encourage cooperation between SMEs

New Delhi, June 9 (KNN) India and Mexico has stressed upon the necessity of developing a greater connectivity between the two countries and encouraging cooperation in the infrastructure sector, among small and medium enterprises (SMEs), in pharmaceutical products, in energy, in the automobile sector, in Information and Communication Technology, in agriculture, in food processing and in other related sectors.

This was stated by Enrique Peña Nieto, President of the United Mexican States and Narendra Modi, Prime Minister of India, in a joint statement in Mexico.

The two leaders paid a working visit to Mexico on Wednesday with the objective to continue the dialogue held by the two leaders on the margins of the 70thregular session of the United Nations General Assembly on 28th September 2015. 

Both sides underscored the increasing importance of diversifying the economic exchanges to promote trade and investment to a level corresponding to their true potential.

The leaders noted with satisfaction the growing interest for investment of the Indian companies in the energy sector - attracted by the structural reforms carried out in Mexico, as well as the opportunities for Mexican companies in the Indian market.

Both Modi and Nieto agreed that cooperation is key to promote the investment and the use of solar energy. The two sides agreed to explore ways and means to boost the objectives of the International Solar Alliance.

The two sides stressed the importance of promoting increased exchanges between the peoples of the two countries for better understanding and strengthening of bilateral links in the areas of culture, education and tourism. (KNN India)


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