Trade between Mexico & India generates US$11.7 billion a year

With the growth of international supply chains, trade between Mexico and India totals US$11.7 billion annually, driven by the manufacturing, chemical, pharmaceutical, plastics, and industrial goods sectors.

Credlix, the financial arm of Moglix, is part of an ecosystem that connects more than 20,000 suppliers and 500,000 small and medium-sized enterprises across various international markets.

According to Credlix data, this trade has opened up opportunities to diversify suppliers, reduce geopolitical risks, and lessen dependence on traditional markets in the face of tariff changes and shifts in global trade.

Mexico has become a key player in this process thanks to its integration with North America and the opportunities arising from nearshoring. However, production and logistics capacity must be complemented by timely access to working capital.

Pramit Joshi, senior vice president of Credlix, noted that access to working capital has become a key factor for companies seeking to integrate into international supply chains.

The firm highlighted that there is growing interest in expanding collaboration between the two markets, particularly in industries such as plastics, petrochemicals, chemicals, pharmaceuticals, automotive, industrial manufacturing, and textiles.