Derived from the results of the first months of this year in attracting Foreign Direct Investment (FDI) and in order to increase the arrival of national and foreign capital so that the economy recovers, the Council of Chambers and Business Associations of the State of Mexico (Concaem) announced that it currently has projects in its investment portfolio for more than 52,000 million pesos, for which it called on the municipal authorities to support them so that they are carried out.

The president of Concaem, Gilberto Javier Sauza Martínez, announced that this investment portfolio is unique for 12 Mexican municipalities (without specifying which ones) and most of the projects are oriented to the logistics and commercial sectors.

He reiterated that it is necessary for the municipal authorities to be in the mood to collaborate, specifically with the expediting of paperwork, and that they offer conditions of legal certainty.

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"We want to propose investment projects locally and contribute to the definition of economic development programs in the municipalities, because we are aware that only taking into account the needs of the sector can we make the economy grow faster," he said.

The business leader pointed out that after the negative impact of the pandemic, the current challenge is to consolidate the large investments that are interested in settling in state territory and generating a large supply chain around them.

He elaborated that by promoting the growth of small economic units and strengthening entrepreneurship, as well as by consolidating a large chain of value and employment for the arrival of investment, it is how the population will benefit.

According to information from the Ministry of Economy, in the first quarter of this year the Mexican entity received 569.0 million dollars, while in 2020 it captured 2,307.0 million.

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