Mexico
(Source : Embassy of India, Mexico City)

Ambassador visits Mahindra Tractors

Ambassador Muktesh Pardeshi visited the assembly plant of Mahindra Tractors in Aguascalientes. Mahindra Tractors started its Mexico operations in July 2017, it is the leading producer of farm tractors in the world. The Indian business is rapidly expanding in the Bajio region in the recent years.

"Doing Business in Mexico: A Guide for Indian Investors"

"Doing Business in Mexico: A Guide for Indian Investors" was launched on 16 June by Ambassador Muktesh Pardeshi along with Mr. Paulo Carrreno King, CEO ProMexico and Juan Luis Garcia, Business Development Partner, PWC Mexico in Mexico City. The publication is a handy guide for Indian businessmen seeking opportunities in Mexico. The content is largely developed by the India Desk at PWC Mexico with support from the Embassy of India, Mexico city.

Tunisia
(Source : Embassy of India, Tunis)

Status of ongoing major investments by Indian PSU’s / Pvt. Sector in Tunisia and proposed Indian investments in Tunisia

India Tunisia Joint Venture TIFERT worth US$450 million was launched in 2006 in Tunisia for manufacturing Phosphoric Acid. Its production started in 2013. Two Indian companies Coromandel Fertilizers Ltd and the Gujarat State Fertilizers Ltd (GSFC) have 30% shares in the project. To improve production, Tunisian Government is taking several measures to remove hurdles in the smooth running of the plant and supply of rock phosphate to the plant. GSFC has organized a training course for TIFERT engineers under ITEC in April 2018. The second training course was again organized by GSFC at their premises in Baroda for TIFERT personnel. Though the rock phosphate supply has been restored and the plant is functioning at higher capacity than before, social unrest and road blocks still hamper the raw material supply.  

Other Projects : Indian companies M/s KEC International Ltd and Jyoti Structures Ltd have a presence in Tunisia for erection of electric transmission lines. An assembly plant of Mahindra pickup trucks is established in Tunisia with a target to produce up to 2500 trucks per year. Indian Auto Company, Mahindra and Mahindra, provides the vehicles as knocked-down kits, to be assembled by the Tunisian company, with full technical support from the Indian company.  Mahindra has further diversified its product portfolio by introducing three new SUV/KUV class vehicles. If these new SUV/KUV models are successful, Mahindra may begin their assembly in 2020. M/s TATA Motors commenced assembly of pick-up trucks with Tunisian companies ‘Le Moteur’ and ‘Icar’ in June 2015. TATA’s flagship Tunisian model Tata Xenon has been very popular as 2000 vehicles have been sold in short span of 2 years.  TATA is also exploring possibility to introduce small commercial and heavy vehicle.  

Analysis of Investment opportunities in Tunisia

Tunisian Government provides many incentives to promote foreign investment in Tunisia.  About 3353 foreign companies operate in Tunisia in diverse sectors. The Government has primarily encouraged export-oriented FDI in key industrial sectors, such as call centers, electronics, aerospace and aeronautics, automotive parts, and textile/apparel manufacturing. Foreign participation is allowed in the privatization program of state-owned or state-controlled enterprises. This has attracted a significant share of Tunisia’s FDI in recent years. The privatization programme has taken place mainly in telecommunications, banking, insurance, manufacturing, and fuel distribution.

The total foreign investment in Tunisia during 2017 was recorded US$ 939.370 m. 

Thailand
(Source : Embassy of India, Bangkok)

India to be the next big Electronics Manufacturing Hub
Post Today 21.07.2018

The Electronics and Electrical Industry is experiencing a high growth rate in APAC countries – mainly India, China, South Korea, and Japan due to rapidly increasing demands. The electronic market in India is one of the largest in the world and is expected to reach $400 billion in 2020. Owing to the enabling policies by the government, the ‘Make in India’ and ‘Digital India’ initiative, local manufacturing in the Electronics Industry is currently a hot topic. The Indian IT-Electronics Sector has witnessed a consistent growth in terms of market size, however, challenges like high costs of power and finance, high transaction costs, prevalent tax structure and lack of development of a healthy supply chain, have kept India behind in electronics hardware manufacturing capabilities.