The federal government offers investors 10-hectare industrial estates and tax incentives; logistical infrastructure and talent are required.
Guadalajara, Jal. To industrially develop the Isthmus of Tehuantepec and thereby promote the logistics project of the Trans-Isthmus Corridor that seeks to connect the Pacific Ocean with the Gulf of Mexico, the federal government asked the Association of Maquiladora and Export Manufacturing Industries (Index), to promote to the investors the entities of the southeast of Mexico.
“I have been in talks with the federal government because they want us to promote the southeast, the Isthmus of Tehuantepec. They are offering us 10-hectare industrial estates to install factories there and with tax incentives,” Humberto Martínez Cantú, national president, shared with El Economista. from Index.
Despite the incentives offered by the Federation, the project to industrially develop that region will take time due to the lack of logistics infrastructure and qualified talent.
“It is going to take time, I believe that in the next six-year period that will be the task for the next president of how we can establish companies in the Southeast,” commented Martínez Cantú.
According to the Foreign Direct Investment (FDI) attraction map published by Index and prepared by Monex from various state, financial and real estate sources, of the investments that have arrived in Mexico related to nearshoring, the northern region (Nuevo León, Tamaulipas, Coahuila, Chihuahua, Sonora and Baja California) has raised 84,000 million dollars.
It is followed by the Bajío (San Luis Potosí, Jalisco, Guanajuato and Querétaro) with 44.5 billion dollars and the Central region (Mexico City and the State of Mexico) with 22.5 billion dollars.
“Investors want to go to the north of the country because they are a few minutes from the largest market in the world; however, in Yucatan for example, their shipments are 48 hours away by boat, to Miami and Louisiana,” said the national president of Index. explaining that the reinforcement of security at customs on the border with the United States due to the immigration issue delays the clearance of goods.
“To give you an idea, we cross 63,000 trailers daily in the IMMEX sector; between 18,000 and 20,000 cross through Nuevo Laredo, 12,000 through Reynosa; 6,000 Matamoros, Chihuahua 10,000; another 8,000 in Tijuana; another 6,000 in Mexicali; about 2,000 in Piedras Black; another 1,000 in Agua Prieta,” he explained.
However, he added, “everything is cyclical; more than 50 years ago we started in the north, from Tijuana to Matamoros; and 20 or 30 years later, to the Center of the country, Querétaro, San Luis Potosí, Guanajuato, Aguascalientes, all that “The central belt is filling up with IMMEX companies; now it is the Isthmus, but we need infrastructure, energy and talent.”
Source: eleconomista
