Organized crime isn't affecting investment, growth in ICT sector, says Canieti

Wednesday, February 23, 2011

Organized crime and other security issues in Mexico have not affected investment or growth plans in the country's ICT sector, president of local IT association Canieti Santiago Gutiérrez was quoted as saying by local media outlet Informador.

According to Gutiérrez, growth for companies in the electronics, telecoms or IT sector has not been affected, as happened during the economic crisis in 2008 and 2009.

Gutiérrez said the problem exists in relation to the country's image abroad and outside perceptions of insecurity. He said the level of homicides in Mexico is the lowest in Latin America at 11.6 cases for every 100,000 people, a low rate in comparison to Brazil or US cities like Detroit or New York.

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In northern areas of the country with high levels of insecurity, such as Ciudad Juárez, companies are maintaining their investments and growth plans without thinking about relocating operations, according to Gutiérrez.

During 2010, Mexico reported IT services sales of US$15bn, growing 14% over 2009 and reaching pre-economic crisis levels, according to Gutiérrez.