More Japanese investment to arrive in Jalisco

Aiming to promote Jalisco as an investment destination, the state government, through the Ministry of Economic Development (SEDECO, by its Spanish initials) held a work tour to Japan from September 23rd to 27th, in the cities of Tokyo, Yokohama, and Nagoya.

After 17 work meetings, mainly with companies from the sector as e-mobility, metal mechanic-automotive and technology, as well as with key allies such as financial institutions and big importer companies of Mexican products; in which new investment projects were settled for Jalisco, by 45 million dollars.

Among the main results highlights the fulfillment of a series of seminars – the first one in April 2020 – for the attraction of investment together with the Japan External Trade Organization (JETRO,) to provide higher commercial certainty before the USMCA.

“There are 620 jobs in total, two of them are in the electronic automotive area and another one in the nutritional food area, the investment that will be given is of 45 million dollars, however, of this 45, 15 are within a short term, this means in the next 6 to 8 months and the other 39 are in a term of two to three years,” detailed Ernesto Sanchez Proal, head of SEDECO.

Likewise, two expansion were agreed, one of them in Lagos de Moreno, which will generate 250 new positions and reinvestment of 40 million dollars.

Work will also be done in the renewal of the signing of a Memorandum of Understanding (MOU) with finance institutions aiming to create a reliable environment toward new investments, mainly of the energy sector.

During the work tour was also present the general director of Investment Attraction from SEDECO, Sergio Rios Martinez.