The Confederation of Indian Industry (CII) has signed a memorandum of understanding (MoU) with the Mexican business council to increase trade, technical and industrial cooperation between the two countries on Monday 10 September. This comes a day before Mexican President Felipe Calderon Hinojosa begins a scheduled visit to India.

The MoU will strengthen the growing business relations between the two emerging economies, a CII release said. It would also provide business information and support to traders of both the nations for making investments and facilitate access to either market.