Mexico‘s Secretary of Economy, Raquel Buenrostro, informed that she is seeking to replicate the Caintra‘s (Nuevo Leon’s industrial chamber) model of supplier development in other entities of the country.
Buenrostro stated that Caintra is a chamber that is «very structured», in which large companies have functioned as a corporate government that advises small and medium-sized enterprises (SMEs) in the state.
As a result, Nuevo León’s SMEs have a longer average lifespan than the national average.
Monterey, the capital of Nuevo León, is Mexico’s most important industrial city.
In an appearance before commissions of the Chamber of Deputies, Buenrostro said that the Ministry of Economy is working on models where economic development has a certain respect for local communities and care for water and the environment.
The Mexican government has given special follow-up to the identification of strategic industries that frame industrial policy and have an impact on the relocation of companies that participate in the value chains of the electrical and electronics industry, semiconductors, automotive industry (electromobility), medical devices and pharmaceutical industry and agribusiness.
Caintra
These actions aim to attract new industries to Mexico. Sectors such as semiconductors and electronic printed circuits are a key focus. The goal is to expand local supply opportunities for goods and services. Additionally, they seek to strengthen links within the value chains of companies with or without a presence in the country.
The Mexican government has identified five strategic industries for its industrial policy. These industries influence the relocation of companies involved in value chains. The key sectors include the electrical and electronics industry, semiconductors, the automotive industry (focused on electromobility), medical devices, pharmaceuticals, and agribusiness.
From September 2022 to June 2023, efforts promoted the incorporation of domestic suppliers into global value chains. This initiative benefited two motorcycle manufacturers and four television manufacturers participating in the program.
According to the federal government, notable results were achieved. These included the production of 5,646,813 televisions with inputs purchased from 46 domestic suppliers. Additionally, 449,832 motorcycles and ATVs were manufactured, with inputs sourced from 47 domestic suppliers.