Insecurity in Sinaloa scares away investors, says president of Coparmex Mazatlán

Inseguridad en Sinaloa ahuyenta a inversionistas, afirma presidenta de Coparmex Mazatlán

Insecurity in Sinaloa has become a determining factor for investors, who are reconsidering their plans due to the constant incidents of violence, said the president of Coparmex Mazatlán, Yudith Verónica Estrada Osuna.

In addition, she warned that the current situation affects not only capital investment, but also the safety of employees.
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“Security is a very important factor that all investors consider. Of course, if these types of incidents continue to occur in our state, there will be an impact. Surely investors will think twice about coming, not only because of the risk that the money they bring may have, but also the safety of the people who work for them,” she said.

A study carried out by Data Coparmex, from April to June, reveals that the intention to invest by Mexican businessmen has decreased. In Sinaloa, the crimes that are of most concern are the theft of goods in transit and extortion.

These factors create a climate of uncertainty that forces investors to think twice before bringing their capital to the state.

The theft of goods during transport is the main problem faced by entrepreneurs in Sinaloa. This factor, combined with the collection of floor fees and extortion, generates fear among those who consider investing in the region.

Security, then, becomes a priority to attract new investments and guarantee a favorable environment for business.

“It is important that you take this information into account for your next decisions. As a fact, 51.3 percent of the partners who were interviewed said that they were victims of a crime, victims of insecurity the previous year,” he explained.

“Of the two crimes of which they were victims, the first was the theft of goods in transit and the second was extortion and floor fees.”

Data Coparmex is a survey that is conducted by Coparmex Nacional from April to June, where statistics are taken and the mood to invest, security and regulatory spending, among others, are measured.

Regarding the issue of the economic impact that the insecurity situations that arose in the state had this summer, the president of Coparmex Mazatlán said that they do not keep a record as such, however, she is aware of what has been reported by other chambers such as Canaco and Canirac.

“We as Coparmex do not keep a measurement with our partners because there are very diverse sectors that we associate to tell them what percentage or how much there is of affectation. I have heard from other chambers that it did affect tourism-wise in a lower influx of tourists to our city this summer,” she said.

Source: noroeste