Mexico City. In the first two months of the year, investment announcements made by international companies in Mexico totaled just over 120 billion dollars, which shows the phenomenon of company relocation, although it takes time to materialize, said a study carried out by Intercam .
According to a monthly analysis on the phenomenon of company relocation, better known as nearshoring, if the investments are carried out, Foreign Direct Investment (FDI) in our country “will grow considerably either by reinvestment of profits or by new investments.
“Little by little, more evidence of the nearshoring phenomenon is beginning to appear, although it takes time to materialize. For Mexico, it is happening despite enormous challenges such as the lack of infrastructure (roads, bridges, ports, fiber optics, etc.), security or the rule of law, but the gears are moving,” he indicated.
Intercam pointed out that other clearer evidence of whether nearshoring has worked in the country “are the vacancy levels at historic lows in the country’s main large companies.”
He said that although the largest portion of investment announcements comes from reinvestment of profits, and this item is not necessarily related to nearshoring, “it is also a sign that existing companies continue to see Mexico with potential to expand their installed capacity.” to serve the international or local market.”
He explained that of all the announcements that have been made known since 2023 and to date, about 41 billion dollars correspond to new investments in the country, which will be reflected in infrastructure and the automotive sector mainly, and will come from the United States, China and Europe.
“If crystallized, this would represent a growth potential of four times more in the following years, in the area of new investments,” he noted.
In this sense, Intercam specified that to better capitalize on this unique opportunity, investment spending must accelerate at the same time that state efforts must be made to receive and attract new investments by simplifying some procedures, which will attract more investors. .
“In addition, an industrial policy must be implemented that helps the economic flow, improve the access of Mexican suppliers that can integrate into the productive chains, generate employment and thus can potentiate the growth of Mexico in the following years. ”, he expressed.
He expressed that the investment announcements calculated on this occasion exclude those made by Fomento Economico Mexicano (Femsa) for 170 billion pesos and by the automotive manufacturer Nemak, which announced capital injections of between 380 and 395 million dollars.
He added that, regarding the behavior of investment by economic sector, the vast majority of announcements correspond to the manufacturing sector with 54 percent of the total, mass media with 16 percent, commerce with 15 percent and transportation. with 14 percent.
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– 2024-04-07 10:40:14
