In 2017, private investment was around 29 thousand 500 million pesos, and of this amount, 17 thousand 700 million pesos was an investment that was incentivized via Certificates of Fiscal Promotion (Ceprofies), which is just over 60 percent percent of the total.
This was reported by the Secretary of Economy of Sinaloa, Javier Lizárraga Mercado, who assured that this demonstrates the importance of the Ceprofies. “They are necessary to continue generating more investment and jobs. “
He explained that these fiscal incentives are used strategically in other sectors such as industry and tourism, in order to generate greater development in the municipalities.
This instrument, he added, is a public policy on economic development to be a more competitive state, in order to attract more investment.
He recalled that during 2017 Culiacán was the municipality where most private investment landed, whose amount was just over 12 billion pesos, of which just over 8 billion pesos was incentivized with Ceprofies, representing 66 percent of that total investment.
In the case of Mazatlán, he said that in 2018, after the Tourism Tianguis, the construction of six new hotels in the port has been achieved, where to date the tourist investment is just over seven billion pesos. tax incentives.
THE SECRETARY OF ECONOMIC DEVELOPMENT OF SINALOA, JAVIER LIZÁRRAGA, ANALYZES BUSINESS OPPORTUNITIES IN THE REGION
The vice president of CEOE and president of the International Relations Committee, Joaquim Gay de Montellà, met today at the headquarters of the Confederation with a delegation of Mexican authorities and businessmen, headed by the Secretary of Economic Development of Sinaloa, Javier Lizárraga. The executive president of the Council for the Economic Development of Sinaloa (CODESIN), Mario Cadena; the undersecretary of Economic Promotion, Hilda Inukai; the executive director of the Center for Investment and Commerce of Sinaloa (CIT Sinaloa), Germán Rivera; and the director of ProMéxico and Economic and Commercial Counselor of the Embassy of Mexico in Spain, Erika Salazar.
The vice president of CEOE, Joaquim Gay de Montellà, highlighted the strategic geographical situation and logistics infrastructures (airports, ports and rail network) of Sinaloa, which make this Mexican state a great commercial corridor and an attractive enclave for business development international
Sectors
Gay de Montellà pointed out that Sinaloa has opted for modernization through investment in R + D + i, creating and improving its infrastructures and modernizing its industrial processes. He also highlighted that the food industry in Sinaloa is one of the most competitive in the country, concentrating 30% of the production of all of Mexico. He also explained that the sectors of fishing, mining, textile, and oil extraction represent excellent opportunities for Spanish companies.
The vice president of CEOE stressed that the Mexican government has developed in the last decades an intense labor of commercial integration, which is specified in a network of 11 free trade agreements with 46 countries, which give access to more than 1 billion consumers, 30 agreements for the Promotion and Reciprocal Protection of Investments (APPRIs). Gay de Montellà also recalled that Mexico is a signatory of the Trans-Pacific Partnership Agreement, considered the largest free trade agreement in history, and of the Pacific Alliance together with Chile, Peru, Colombia, and Costa Rica.
Business opportunities
The Secretary of Economic Development of Sinaloa, Javier Lizárraga, and the various authorities that have accompanied him, have reported the liberalization of the energy sector, which entails the arrival in April of natural gas to Sinaloa, which will be a great incentive for companies Spanish companies with interests in the area (such as Gas Natural Fenosa and Iberdrola).
They have also influenced the excellent infrastructures of the area, since Sinaloa consists of 3 international airports, a large rail network, two large ports (one of them in Mazatlan) and an important road network, which make the State an important commercial corridor in the north of the country, which allows access to third countries such as the United States, Canada, and Asian countries.
The Mexican delegation has placed special emphasis on the growing public-private participation in projects of various sectors, which is favored by tax incentives for foreign investors, such as tax reduction, incentive packages for each sector and programs and scholarships for employees.
Javier Lizárraga has highlighted the opportunities in agrifood, infrastructure, tourism, biotechnology, renewable energy, fisheries, and mining, among other sectors.
Source: CEOE, El Sol de Sinaloa
The Mazatlan Post
