Jalisco Seeks Suppliers in Silicon Valley
Jalisco plans to shift its approach to its strategy for attracting investment from the United States during its upcoming tour of Silicon Valley in October. The state government will not seek to convince large, leading companies to set up operations in the state; instead, it hopes to gain access to their supplier networks in order to relocate part of that production chain to the state, according to Cindy Blanco, head of the Secretariat of Economic Development (Sedeco), in an interview with El Economista.
Similarly, it has been reported that the tour will be led by Governor Pablo Lemus, whose priority will be to strengthen the regional supply chain and the integration of North American production chains.
“That will be the goal—not to go out and bring in new companies, but to go to existing companies and say: ‘Give me access to your list of suppliers so I can relocate them from Asia or wherever they are, in order to better integrate the supply chain in North America,’” he explained.
“If we go and promote, as a state, that we want to attract other investments, companies won’t even meet with us, and it could send the wrong message to the U.S. government. Instead, let’s work together to develop the regional supply chain and ensure that we have suppliers in Mexico capable of supporting the growth taking place in the United States,” he added.
