New Delhi, Sept. 10 -- Mexico and India inked a Memorandum of Understanding to boost trade between both countries, Francisco Cervantes Diaz, President of the Business Coordinating Council, Mexico, said on Wednesday.

"We have a lot to share and a lot to learn. We want to excel together in various sectors like vehicles, aerospace, Agri goods, and medical devices," he told ANI on the sidelines of FICCI LEADS in New Delhi.

The MoU is expected to spend around USD 1200 million as of now, he said, adding that "but we are likely to increase it further so that India and Mexico excel in trade further."

"In the economic sector, we are contrasting nations that oscillate between technological and industrial strength and very preoccupying situations...