Jalisco, Mexico, has further solidified its position as a magnet for foreign investment in the automotive sector. During the Hannover Messe trade fair, the state secured approximately US$100 million in investments from prominent German companies.
The specific companies involved remain confidential, but the investment includes a new venture and expansions of two existing German projects in Jalisco. These investments are expected to create a significant impact on the local labor market, with projections of 300-500 new jobs in the initial phase, potentially scaling up to 1,000-1,500 jobs in the long term.
Roberto Arechederra, head of Jalisco’s Economic Development Secretariat (Sedeco), emphasized the investments’ importance for the state’s economic and social development. He highlighted the success of existing German operations in Jalisco as a key motivator for expansion. The companies are drawn to the region’s skilled workforce and logistical advantages. Additionally, Arechederra noted that these companies offer wages “well above the minimum wage,” potentially improving overall working conditions.
This influx of capital further strengthens Germany’s position as a top source of foreign direct investment (FDI) in Jalisco. German automotive giants like Bosch, Continental, Hella, and TH Automotive already have a significant presence in the state, contributing to Jalisco’s economic and technological growth.
