Baja California seeks to attract more investment from Singapore

BAJA CALIFORNIA - With the objective of strengthening Baja California's competitiveness at a global level by presenting investment opportunities, the Ministry of Economy and Innovation (SEI), as part of the ProBaja alliance, participated in the business agenda with a Singaporean delegation made up of organizations and companies from the aerospace, technology and health sciences sectors.

Baja California's Undersecretary of Investment Management, Rodolfo Andrade, pointed out that the purpose of this meeting is to make the state a more attractive destination for nearshoring in North America.

According to the official, the meeting was the result of the annual tours to embassies and commercial offices based in Mexico City carried out by the SEI and ProBaja.

The delegation was led by the Mexico-Singapore Chamber of Commerce, Enterprise Singapore, the Singapore Business Federation and Singapore's Ministry of Trade and Industry; it consisted of 12 companies from the biotechnology, aerospace, metal mechanics and miscellaneous services sectors.

In addition, the delegation was part of a trade mission to the main investment destinations in Mexico and its priority was to demonstrate the industrial capabilities and business opportunities in the state through a business seminar, meetings with the business sector and industrial visits.

The agenda took place July 10-12 in Tijuana and included the participation of the economic promotion agencies: Tijuana EDC, Tecate EDC and Ensenada EDC; the National Council of the Maquiladora and Manufacturing Export Industry (INDEX); TCL Moka; INTERCAM; and various allies from the business community.

The Government of Baja California highlighted that the visits were part of the promotional efforts to attract investment from countries characterized by high technology and positioning in the Asian continent to generate better jobs and more opportunities for local companies.