Mexican government to buy more from the national industry

Purchases by the Mexican government from the national industry and commerce are far from reaching the goal established by the present administration, which is estimated at US$6 billion, as purchases from SMEs are currently worth an approximate of US$4.4 billion, according to reports from the Ministry of Economy. Manuel Herrera Vega, President of the Confederation of Industrial Chambers (CONCAMIN), presented a plan for a 2017 production shield, to boost internal economy in the light of international financial instability. This shield must include the increase to government purchases and financing exceeding 30% of total annual purchases, which currently is not even worth 20%, as most purchases are foreign. The entrepreneurial sector demands that government purchases be used as a propeller to develop SMEs while creating and promoting national policies to help create the Mexican industry of entrepreneurial capital.