Monterrey, NL. The current government’s initiative to attract foreign direct investment (IED) focused on high technology that allow Nuevo León to become the next Silicon ValleyIt is very good but you have to work closely with the software industry, as well as with traditional industries such as automotive, with certain embedded technology.
This was commented by Samuel Peña Guzmán, former Undersecretary of Investment and Industrial Development, who presented his book “After Foreign Investment in Mexico, experiences and opportunities“, edited by The Song of the Book anddictions.
“A similar synergy is what they did with the clusters; I believe that the initiative is good, that companies have the capacity, and financing will be required so that they can have access to this type of technology, that is where the challenge will be. Silicon Valley was not formed in a six-year term, it was formed in 10 or 15 years ”, he stressed.
He specified that the bases are already in place, with the installation of the Research and Technological Innovation Park (PIIT), which concentrates 35 research centers and 4 high-tech business incubators, including the Center for Industrial Innovation in Artificial Intelligence (CIIIA) and the Center for Research, Innovation and Development in Engineering and Technology (CIIDIT) of the Autonomous University of Nuevo León. And in the Regiomontana University is the Smart Factory.
During the presentation of the book, Samuel Peña narrated that the document contains a historical account of FDI. Currently, he said, Mexico has 13 treaties with 52 countries and is the third country with the most treaties after Chile and Israel, however 86% of international trade is concentrated in the United States.
However, it is worrying that “the main inhibitor (of the arrival of FDI) is legal uncertainty, that leads to paralysis,” he warned.
He reported that in the book he mentions the complex relationship with the federal government, due to a federation policy that sends a negative message to the markets, which inhibits FDI in the country, which could cause Mexico to continue being attractive only for generate cheap labor.
For this reason, it suggests that Mexico has as a great ally China, a country that has already displaced Mexico, as the first commercial partner of the United States.
Promoter of FDI
At the same time, Gabriel Cavazos Villanueva, senior advisor to Monarch Global Strategies and legal advisor in international law and foreign investment, who wrote the foreword to the book, pointed out that Samuel Peña has been a promoter of Foreign Investment for 20 years, from different platforms.
The book, “takes you by the hand in the promotion of foreign investment, what are you facing?”, Highlighted Gabriel Cavazos.
For its part, Leopoldo Cedillo Villarreal, general director of Proeza, recalled that when the state government invited the assembler Kia Mexico to settle in Nuevo León, they promised him things that could not be paid, and when he arrived Jaime Rodriguez, and appointed Samuel Peña as Undersecretary of Investment, he had to face this situation, acknowledging before the Korean company that the commitment (to grant incentives) had been made and it could not be fulfilled.
“There were complex discussions and there were tensions between the federal government (on the part of the former Secretary of Economy Ildefonso Guajardo) who pressured the state government to comply with these commitments, ”said Cedillo Villarreal.
“It seemed that it was going to be the end (ruin) of the Nuevo León brand, however there was a negotiation with a happy ending with KIA and potential investors,” there are currently 240 Korean companies in Nuevo León, he said.
Reference-www.eleconomista.com.mx