Canieti: Japan disaster a "big opportunity" for local IT sector

Friday, March 18, 2011

The earthquake and subsequent tsunami that hit Japan on March 11 have opened a door for Mexico to consolidate itself as a world leader in the IT sector, local newspaper El Economista reported the president of the northeast branch of Mexican IT association Canieti, Fernando Sierra, as saying.

Sierra said Japanese companies in the electronics industry could soon move their plants to Mexico to restore supply to the US market in the short term, creating a big opportunity for the local IT sector.

The costs of supplies have already increased dramatically as a result of the disaster, according to Sierra, who added such an increase will eventually be passed on to the end user.

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Companies exporting from Japan will look to come to Mexico, as the country's skilled labor is highly specialized, he said.

The IT sector in Mexico was expected to grow 12% this year under a normal market situation, but the outlook now seems more favorable due to the situation in Japan, according to Sierra.