CCE President Héctor Sánchez Morales Urges State Government to Promote Diversification
The Consejo Coordinador Empresarial (CCE) has urged the Puebla state government to focus on diversifying investments within clean energy, agribusiness, and tourism sectors. Despite the uncertainty surrounding trade policies and migration in the United States, CCE President Héctor Sánchez Morales emphasizes that the state should not cease efforts to attract foreign investors.
Foreign Interest in Puebla’s Business Opportunities
Sánchez Morales highlighted that there is significant interest from foreign companies to explore business opportunities in Mexico, specifically through Puebla as a gateway to Latin America’s promising markets. He called on the Secretaría de Desarrollo Económico y de Trabajo (Sedetra) to share their investment attraction plan, enabling the private sector to propose initiatives for inviting business partners from countries with established commercial ties.
Existing Foreign Investments in Puebla
Puebla already hosts foreign investments in the automotive and auto-parts industries, notably from German, French, Spanish, and Italian companies. Germany, in particular, shows interest in expanding renewable energy projects, such as wind and solar power.
Investment Opportunities in Other Sectors
- Tourism: There are opportunities for new hotels and restaurants, as foreign investors seek to establish projects in Puebla.
- Agribusiness: Demand exists for fresh and processed agricultural products from countries like the United States and Canada.
Sánchez Morales stressed the importance of government efforts to create a favorable investment climate in Puebla, including increasing land reserves for industries and offering tax incentives. He emphasized that the state should aim to improve its economic standing among Mexico’s top ten states.
While the automotive industry in Puebla is expected to strengthen with the arrival of a new electric car manufacturer, Olinia, Sánchez Morales insists on the need to attract projects from other economic sectors as well.
Key Questions and Answers
- What is the CCE’s main concern? The CCE urges the Puebla state government to diversify investments in clean energy, agribusiness, and tourism sectors.
- Why is diversification important? Diversifying investments will lead to more attracted investments, increased employment opportunities, and better-paying jobs.
- Which countries have existing investments in Puebla? German, French, Spanish, and Italian companies have established industries in Puebla, particularly in the automotive and auto-parts sectors.
- What are the investment opportunities in other sectors? There are chances for new hotels and restaurants in tourism, as well as demand for fresh and processed agricultural products from the US and Canada in agribusiness.
