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Mexico to launch tender for 10 industrial parks in 15 days

Auto makers, tech companies and semiconductor producers could be among investors in the parks, Economy Minister Raquel Buenrostro said this month, noting officials were pitching the project to companies from the U.S., Canada, Taiwan and Germany.

Lopez Obrador said last week the government is willing to provide subsidies and grant tax cuts to companies that set up operations in the so-called Inter-Oceanic Corridor.

The project is taking shape along the stretch connecting the Pacific port of Salina Cruz in Oaxaca state with the Gulf coast hub of Coatzacoalcos in Veracruz state. It ultimately aims to compete with the Panama Canal as a channel to move goods.


Source: Economy - investing.com

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