Japan's Mazda Motor Group plans to raise €1.6 billion to shore up its finances and invest in a new plant in Mexico, financial sources said today - a bigger-than-expected fund raising that sent its shares tumbling 13 per cent.

Every few weeks, another major manufacturer announces plans to shut down production in China and bring jobs closer to home. Some companies such as GE (NYSE: GE) aim to boost production in the United States (GE will make hot water heaters in Kentucky, for example).

Blessed with a shared commitment to democracy, similar geography and climate, and large, thriving domestic markets, India and Mexico have continued to deepen their partnership in the global economy.