Mexico, an attractive place to invest

Mexico, an attractive place to invest

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MEXICO –  The technical and engineering capacity in Mexico turns the country into an attractive place to invest, especially at a time when large manufacturers seek to relocate their plants to be close to the United States, said the president of the Mexican Federation of Aerospace Industries (FEMIA ), René Espinosa.

He also stressed that we are facing a global supply crisis due to the COVID-19 pandemic, as well as the trade problems faced by China and the United States, so there are suppliers looking for new places to locate and the Mexican territory is a fundamental pole.

"Crises like the ones we are facing in global supply as a result of COVID and the trade confrontation between China and the United States force large manufacturers to undertake geographic relocation tactics to nearby places like Mexico," he explained during the inauguration of the "Center of Industrial Innovation for the Aerospace Sector in Chihuahua"

Espinosa added that "currently the United States industrial sector faces a talent crisis, 53% of its engineers and technicians are about to retire, this makes Mexico a country with industrial capacity and talent as a country."

At the inauguration event, the undersecretary of Industry, Commerce and Competitiveness of the Ministry of Economy, Ernesto Acevedo, said that investment is the best way to face the uncertainty that currently exists due to the pandemic.

He explained: "we are in a time of great uncertainty, and that volatility for investment that is part of COVID and is also a natural part of economic cycles, brings us a very important lesson, in times of uncertainty you always have to invest in innovation, in knowledge and human capital ".

Acevedo considered that innovation centers like the one that was inaugurated add strategic value for the state and for Mexico.

"It strengthens the industrial fabric and guarantees competitiveness in the short, medium and long term for the aerospace sector, but also for other industrial sectors," the official commented.

Source: El Universal