JULY, 20259TOP STORIESCREDLIX LAUNCHES INDIA SOURCING TO BOOST INDIA-MEXICO TRADE TIESCredlix, a global fintech platform with a focus on cross-border supply chain financing, announces the launch of its new offering, India-Mexico Connect to promote closer ties between India and Mexico in trade.The service was announced during the IndMex Chamber event hosted by the Embassy of India in Mexico, where Mexican buyers can now source industrial products from over 20,000 Indian suppliers covering the entirety of Moglix-Credlix network of suppliers. This is the first time that an Indian B2B startup has launched India-Mexico Connect in Mexico.The event, hosted by the Embassy of India, was held on June 19 and had many notable dignitaries present, including H.E. Dr. Pankaj Sharma, Ambassador of India to Mexico, and Daniel Becker Feldman, CEO of Banca Mifel who both emphasized that they were going from goodwill and diplomatic relations to tangible economic results.Rahul Garg, Founder & CEO of Moglix and Credlix said, "With the launch of India Sourcing for Mexico, we are enabling a new chapter in India-LATAM trade. As Mexico grows as a nearshoring hub and India expands its manufacturing base, this initiative bridges both supply and capital gaps, creating stronger global value chains".Dr. Sharma noted that momentum has been developing in the bilateral relationship between the countries, while Becker Feldman highlighted India's digital payments model and the significant amount of unfilled demand from the Mexican side for development in digital finance.India-Mexico Connect deals with longstanding cross-border trade dilemmas such as restricted trade finance access, shipping conditions complexities, and payment risks with a digital-first, collateral-free financing platform. Mexican companies can now import all kinds of goods including automotive parts, chemicals, textiles, and electronics with up to 90% invoice finance available at time of shipment.The initiative taps into broader trends like China+1 and Indo-Pacific cooperation, with a view to growing the minimal $11 billion India-Mexico trade volume, positioning India as a strategic sourcing hub, and Credlix as a key enabler of this new trade corridor. IMRGREEN HYDROGEN POWER SOLUTIONSToyota Kirloskar Motor (TKM) has announced a partnership with Bengaluru-based Ohmium International to jointly create integrated green hydrogen-based power solutions in India. The joint collaboration will explore the feasibility of hydrogen-powered microgrids for different use-cases, such as data centres, and also environmental-sensitive areas.The two companies formalized this partnership by signing a Memorandum of Understanding (MoU). Under the MoU, TKM will provide to Ohmium hydrogen fuel cell modules, technological know-how and system integration. Ohmium will then design, develop and performance test the microgrid prototype.TKM Deputy Managing Director Swapnesh R Maru said, "Going beyond mobility, we would want to explore the utilisation of hydrogen, particularly green hydrogen, as a fuel source for areas which are catering beyond mobility. It could be for stationary power generation, rural powers, for industrial office of spaces".Ohmium is a champion of Proton Exchange Membrane (PEM) hydrogen technology and develops modular, low-cost modular electrolyzers that promote scalability in green hydrogen production.This initiative is working to broaden the horizon of hydrogen fuel cell technology application beyond the automotive sector. Noted TKM Deputy Managing Director Swapnesh R Maru, hydrogen storage in rural space is challenging, considering Toyota is a step ahead with hydrogen-powered vehicles like the Mirai."What exactly will we do through this MOU is we will see the feasibility of making this micro grid -- where we make an electrolyser and a fuel cell and integrate. We will develop a prototype, check the performance in a real world condition to see the output levels and then we will also keep an eye for the real world usage", he added.Union Minister Nitin Gadkari reiterated a lot, the importance of hydrogen as a clean and renewable energy source as an indispensable part of building a self-reliant and carbon-neutral India, at the time of signing the MoU. More importantly, the partnership will help bring green hydrogen into use for sustainable, off-grid energy alternatives. IMR
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