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20 Automotive Firms May Establish Here Next Year

Karla Salinas | 20.11.2013

ProMexico expects around 20 companies from the automotive sector will establish at Queretaro in 2014, Samuel Lara Sanchez, Director at the State of Queretaro, informed.

ProMexico expects around 20 companies from the automotive sector will establish at Queretaro in 2014, Samuel Lara Sanchez, Director at the State of Queretaro, informed.

“We are currently working hard with the German and Japanese markets”, he revealed.

Mr. Lara explained that they are constantly receiving companies from such sector, mainly suppliers.

Lara Sanchez added that there are currently suppliers for the automotive sector from Japanese, Korean and German origin coming to Queretaro to visit the main Original Equipment Manufacturers; others are meeting with the State Ministry of Sustainable Development (Sedesu) and getting familiar with local incentives; some others are visiting the plants and industrial parks.

According to Sedesu, the automotive sector has consolidated as the most important industry at the State of Queretaro, since it generates almost 10% of the State’s Gross Domestic Product (GDP) and more than 45,000 formal jobs.

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