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 Essilor opens optical lab
Chihuahua- The French transnational company Essilor inaugurated yesterday the first state-of-the-art lab in the optical industry, located in Las Americas Industrial Park. After more than a year researching and looking all over Mexico, they decided to establish in Ciudad Juarez, due to the quality of labor found there, as well as infrastructure, the support granted by SOFI and incentives offered by the Municipal and State governments. Essilor invested several million Dollars and will create close to 350 direct jobs, which will benefit an equal number of families, with a job of great relevance in optics.
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Investment in industrial buildings will grow 76%
Mexico City - In 2008 investment in the industrial real estate market is estimated to reach US$2.638 million, 76% more than a year before, per a survey made by the Mexican Industrial Parks Association, Asociación Mexicana de Parques Industriales (AMPIP). Claudia Avila, AMPIP General Director, explained this amount will be used to buy land, develop it and construct buildings.
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German automotive company chooses El Marques Industrial Park
Queretaro, Qro- With a US$10 million investment the German Company Car Acoustic will. arrive in the State of Queretaro, offering 200 new jobs. The Company will establish in El Marques Industrial Park, where they are planning to start next March the construction of their manufacturing facilities. The German Consul in the State of Queretaro, Christopher Braum, informed this is a relocation, because for six years now the Company has been operating in Pachuca, a plant they decided to close after finding better advantages and work conditions in Queretaro.
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Cimav will have a plant in Monterrey
Monterrey- The Center for Research on Advanced Materials, Centro de Investigación en Materiales Avanzados (Cimav), based in Chihuahua, will soon complete the construction of a unit in Monterrey, located in the Technological Innovation and Research Park, where they will try and inject nanotechnology in industries established there. To start in February, Cimav will have a team of 20 researchers and technicians - all of them specialized in nanotechnology - experienced in polymer materials, metals, conductors and ceramic materials, informed Jesus Gonzalez, Cimav's General Director.
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Gas Natural will invest US$70 million in Mexico
In the next four or five years, Gas Natural Mexico is planning to make strong. investment to keep their expansion and investment plans and achieve better results, the Company's President, Javier Hernandez, informed. The Company, of Spaniard origin, informed that in 2008 they will invest around US$70 million to reach 80,000 new customers all over Mexico. The Company's growth expectations are adding 30,000 new customers in Mexico City, a figure that could be increased if the local government grants the licenses they require.
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US$237 million to be invested in Ensenada Port
After approving the Federation's Expense Budget for. 2008, an investment of 237 million Mexican Pesos was authorized for Ensenada and El Sauzal ports, for dredging works and the purchase of territorial reserves, respectively. The General Director of Ensenada Port Administration, Carlos Jauregui Gonzalez, said that Ensenada Port is in the list of the first five ports where resources will be applied for their development, being the highest budget approved for Baja California Ports in over a decade.
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SK Bergé, investor with Geelly to establish plant
Grupo Bergé, one of the most important Spaniard corporations in the maritime industry and. strong automotive importer, with presence in seven countries through 22 brands represented by their Latin American subsidiary, is the Firm that is negotiating with the Chinese Company Geely Holding Group to establish a plant in Mexico with a US$500 million investment and capacity to produce up to 300 thousand units.
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Three companies arriving to the State of Chihuahua
At least three companies in the aeronautics, automotive. and textile sectors will announce within a few days their arrival to the State of Chihuahua, the Minister of Industrial Development, Alejandro Cano Ricaud announced yesterday. Without giving the names of the companies, he said tow plants in the aeronautic sector will be announced, one is French and the other from the USA. There is also a new textile plant that will start operations in Ciudad Juarez, which will generate more than one thousand direct jobs.
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ARTICLE OF THE WEEK
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| Taming the Golden Eagle, the Dragon and the Tiger - Part III |
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By Paul Caine |
 An Overview Of India
India is one of the largest economies of the world. It is a fast growing, free market democracy that has come to the global forefront as a hub for the manufacturing and services industries. It is the fourthlargest economy in the world in terms of purchasing power parity, and the 10th most industrialized country in the world. Its diversified natural and human resource base; a vast consumer market; a well connected infrastructure; sound macro-economic foundation; and other factors, places it in a competitive position on the world platform.
Moreover, the process of reforms and the consequent deregulation, liberalization and globalization of the economy has unleashed the enormous growth potential of the country. This has made India a preferred destination for domestic and foreign investments. It has become the second most attractive investment destination among the transnational corporations (UNCTAD’s World Investment Report, 2005), and is among the top three investment hot spots for 2004 to 2007 (UNCTAD’s Corporate Location, April 2004). As a result, India is attracting increased foreign investment, both through foreign institutional investment and foreign direct investment. For instance, the cumulative FDI inflows since August 1991 to September 2006 have amounted to Rs.1,81,566 crore (US$43.29 billion). While, during April 2006 to September 2006, total FDI inflows (excluding reinvested earnings and other capital components) stood at Rs.20,155 crore (US$4.38 billion). The sectors attracting high cumulative FDIs have been electrical equipment, followed by services and telecommunications. Similarly, New Delhi, Mumbai, Bangalore and Chennai are the first four spots recognized as destinations for FDI inflows.
India is a federal republic with a central government. It features 28 states, seven union territories, whose capital is Delhi.
 Here is the history of the evolution of India’s industrial site selection process. From 1990 to 2000, India’s historical market evolved. Unlike China, India traditionally hosted its own “homegrown” domestic industries; it already has petrochemical, steel, pharmaceutical, and the automotive sectors. India also had “Conservative Rules.” It had few industrial parks, no Special Economic Zones, foreign direct investment was restricted, there were no foreign law firms, and few accounting/consultants were allowed.
From 2000 to 2007 India has gone through a market evolution. In 2000, India opened foreign investment and JVs; it promoted a new image for WTO and; it established a basic Special Economic Zone.
In 2005, India created a new Special Economic Zone policy; and established export zones without duties.
Also in 2005, foreign direct investment opened for infrastructure and construction; however, there is not real estate speculation.
In regard to the Special Economic Zones, since 2000, there are 14 established zones. With the new zone policy established in 2005, 61 zones have been approved through 2006. Thirty-six zones were approved this June. The total number of zones in the country stands at 339; with 170 zones pending approval.
Leading Locations and Industries
 Delhi, the capital, is well suited for automotive, garments, pharma, IT and IT enabling services. The infrastructure of the area has improved in the last four years. Corporations entering this market include Honda, Denso, Baxter Healthcare, Mitsubishi, Suzuki Steel, Maruti and Ranbaxy.
Pune is the country’s oldest industrial manufacturing region. It is home to the country’s most engineering schools. It features an automotive cluster of trucks, tractors, cars and parts, and companies include Bajaj Auto and Tata Motors. Pune is located two hours from the new road from Mumbai. It also offers low costs of conducting business.
Another auto cluster is found in Chennai, which is considered the Detroit of India, home to Hyundai, BMW and Ford. In addition to auto, it is well suited for textile and IT operations. Another advantage includes its port infrastructure.
In Bangalore, the Silicon Valley of India, the high-tech, aerospace, textiles, biotech and call center industries are well suited for the area. Business process outsourcing and knowledge process outsourcing functions are also carried out in the area. Bangalore is home to companies such as Siemens, Hindustan Aeronautics, HMT and BEL.
Mumbai is the financial center of India. It is well suited to auto parts companies, textile companies and petrochemical companies. It is also a port city. It is home to companies such as Century Mills, Fiat and Reliance Group, a conglomerate of real estate/SEZ development.
Additional industrial destinations in India include Hyderabad, Nasik, Jamshedpur, Nagpur, Visha-Kapataman. Most of these cities are home to traditional domestic Indian sectors.
The main players in the Indian real estate market include developers: local, Singapore, Middle Eastern, which are focused on office, retail, and residential. The country is also seeing global investors in development JVs.
Starting industrial projects are Tishman, ICICI, Blackstone, Edelweiss and Ascendas.
Final Impressions of India
India is still an emerging market. Foreign direct investment is wide open for the construction, hospitality and infrastructure sectors. New developers are global based, especially Asian. The country is home to a better bunch of service providers. It features available labor pools in skilled and semi-skilled jobs. It has a growing base of industrial engineers, as well as those involved with business process outsourcing and knowledge process outsourcing functions.
The low-down: India will be a favored location if you:
- Desire or require an English-speaking labor base.
- Desire business process outsourcing and knowledge process outsourcing operations.
- Produce for the Indian market.
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Source: NAI Mexico, Global Corporate Xpansion Magazine
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MEXICO'S WEEKLY HEADLINES
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» In Puebla, new investments in automotive and autoparts sectors
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» Maquiladora plants show austerity plan
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» China, second supplier of Mexico
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» Strenght of Mexican Peso continues
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» Mexico will go slower: Felipe Calderon
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