Opportunities for Economic Growth in Mexico

Mexico launches Plan Mexico aiming to generate 1.5 million jobs in specialized manufacturing by 2030 through nearshoring and local supplier integration.


Opportunities for Economic Growth in Mexico

The Mexico Plan aims to boost the country's economic growth through investment and innovation. It seeks to train 150,000 professionals and technicians annually in strategic sectors such as semiconductors, energy, logistics, and agro-industry, aligning education with market needs. To achieve this, it is essential for the private sector to establish partnerships with universities and technical training centers. Mexico has the opportunity to demonstrate that economic growth and environmental responsibility can coexist.

To fully leverage nearshoring, it is not enough to attract foreign investments; it is crucial to develop local suppliers, strengthen the national industry, and increase local content in production. The Mexico Plan has set ambitious goals for foreign direct investment, such as in clinical research, pharmaceutical supply manufacturing, energy generation and distribution, and water projects by 2025. These investments must focus on sustainability, promoting clean energy and water reuse.

Despite the clear roadmap of the Mexico Plan, there are challenges to overcome, such as insufficient logistics infrastructure, energy security, and the need to improve digital and technological connectivity. These challenges can become opportunities for collaboration between the public and private sectors. The key to the success of nearshoring lies in the country's ability to work as a team, aligning interests among companies, government, and academia to strengthen competitiveness and ensure sustainable growth.

The success of the Mexico Plan will depend on execution with vision and determination. It is essential to fully integrate small and medium enterprises into this dynamic to enhance growth. Promoting a long-term vision, reducing the skills gap in the labor market, and strengthening ties with research and development centers are key aspects to consolidating Mexico as a global leader in international trade. The goal of generating 1.5 million additional jobs in specialized manufacturing by 2030 remains the guiding light.