Feb 10 β€’ 21:51 UTC πŸ‡²πŸ‡½ Mexico Milenio (ES)

Mexico bets on more investment and local suppliers in medical devices

The Mexican government, in collaboration with Baja California and Chihuahua, aims to accelerate investments in the medical devices sector by fostering local supplier development and technology transfer.

The Mexican government's initiative to enhance investment and develop local suppliers in the medical devices sector is a strategic move to strengthen the country's industrial capabilities. In collaboration with the state governments of Baja California and Chihuahua, the federal government plans to accelerate investments by creating productive chains and facilitating the transfer of technology related to medical devices. These efforts were outlined during meetings with companies at the MD&M West conference, where specific opportunities for investment were identified.

The plan includes a comprehensive package designed to encourage investment and local production realignment under the 'Plan Mexico'. This package offers various support mechanisms such as talent training and education, dual training schemes, fiscal incentives for productive investment, regulatory assistance, and integration support for companies aiming to establish or expand their operations in Mexico. These efforts are intended to provide the necessary resources and infrastructure to attract foreign direct investment and enhance the competitiveness of local suppliers in the medical device industry.

By focusing on local suppliers and technological development, Mexico aims to position itself as a dominant player in the medical devices global market. This initiative not only seeks to boost the domestic economy but also to ensure that the nation becomes a hub for medical technology innovation, thereby improving healthcare outcomes for its citizens while also participating more actively in international supply chains related to medical devices.

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