There is life after Mexico City … and business!

In a “centralist” country such as Mexico, business opportunities exist now more than ever in other states. Just take a look at Doing Business’s ranking of 2012 and you may determine how easily and quickly small, medium and large companies might be able to become suppliers for the Federal Government in entities such as Guanajuato, Sinaloa and Colima, entities certainly hoard ambitious investment projects.

A clear example of businesses that are developing in such entities are Bajio Automotive Cluster, led by Guanajuato in municipalities such as Celaya, Apaseo el Grande, Silao, Leon and Salamanca, establishing auto parts companies based from proyects for automakers like Mazda, Honda, Nissan, Volkswagen and most likely another German Audi.

In fact, the traditional shoe business, as they saw pass the “dance of investments” that represents the cluster, decided to venture into this dynamic industry, becoming suppliers of auto parts, including bags and leather accessories, vinyl and plastics, thus diversifying their market which has to circumvent many obstacles such as the import of a tariff free Chinese products to the country.

But where does the bulk of investment entering our country comes from? According to INEGI, by sector, 38.6% of investments were concentrated in manufacturing, 22.6% in finance and insurance, construction 11.7%, trade 9.8%, 5% in real estate and the rest was channeled to various sectors of the national economy.

The United States continues to lead the list of investors that inject capital into the country with 36.9% of total deposits, Spain joins the list with 30.8%, Luxembourg 6.8%, Germany 6.1% and Japan with 4.5%, the latter country is the one that leads the exodus of autoparts that reach states like Guanajuato, Aguascalientes, San Luis Potosi, Tlaxcala and Puebla.

However, the balance has not contemplated the purchase of brewer Grupo Modelo and Jose Cuervo tequila maker, so the indicator of foreign direct investment to our country may achieve historical data by the end of 2012.

Another indicator that reveals the needs of federal agencies, which represent the various tenders that in this space we report promptly and which show part of the horizon of business opportunities with governmental entities such as the IMSS, ISSSTE, CFE , SCT as well as Federal Governments and Municipalities themselves. For example, the Comisión Federal de electricidad (CFE) recently published the basis for a tender to find suppliers of fiber optics for its operations in Mexico City, the IMSS also is looking for suppliers of sporting equipment for its assets in Veracruz and the tender launched by the state of Guerrero to find someone to operate a toll road and also including, the upkeep and maintenance of the road. There will always be opportunities, but the important thing is to discover that there are businesses beyond Mexico City.

(Mexican Business Web)

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