SEDECT Promotes Coahuila as investment destination

 

With the objective of promoting Coahuila to attract more investment, entrepreneurs along with members of the Ministry of Economic Development, Competitiveness and Tourism (SEDECT, by its Spanish initials) fulfilled a tour by Germany where they met with important companies in the banking, automotive and renewable energy sectors, who are interested in investing in the state.

 

The Secretary of Economic Development, Competitiveness and Tourism, Jose Antonio Gutierrez Jardon, emphasized that from this visit, it is expected that in the coming months one of these companies will start operations in Coahuila territory, generating more jobs for the entity.

 

“We will continue working to continue promoting Coahuila as a major investment destination in Mexico, which will benefit from greater and better sources of employment,” he said.

 

In addition, Gutierrez Jardon, reported that after visiting the offices of the company Erich Jaeger Group in Germany, he presented an innovation project through which, in Coahuila will provide supplies to heavy vehicle manufacturers from the northern region of the state, specifically in Piedras Negras and where more than 100 new formal jobs will be created

 

Also, several German developers of wind projects expressed their interest in Coahuila due to the magnitude of renewable energy projects already existing in the state, which sought to bring them the models of investment and co-investment that are most convenient for them to decide growing in the state.

 

“In Germany we will seek to fully exploit this market by linking these projects with the existing manufacturing industry in Coahuila and certainly because it is more profitable and safe not to depend on a single source of energy,” said Gutierrez Jardon. 

 

Finally, the official said, with the German subsidiary of the Grupo Financiero Santander, laid the groundwork for a collaborative agreement that seeks, on one hand, to promote the preferment of the state as an attractive investment destination and, on the other hand, to encourage the development of Coahuila exporters who wish to expand and place their products in the German market.