Software industry development council looks to secure investments of US$8.3mn

Monday, January 24, 2011

The software industry development council in the Mexican state of Nuevo Leon said it plans to secure 100mn pesos (US$8.3mn) in investments this year, local paper El Universal quoted the council's new president, Hector Ortiz Gomez, as saying.

At an event where he and other new council members were sworn in, Ortiz Gomez said the council expects two investments - one foreign and one domestic - that would total 100mn pesos. He added that in the next few months, software companies could begin arriving in Nuevo Leon, helping to activate an industry that has the potential to generate US$50bn in Mexico.

Additionally, Ortiz Gomez said the software industry in Nuevo Leon generated 330mn pesos annually between 2009 and 2010, while creating 8,000 jobs directly and indirectly. He also said that despite the 2009 economic crisis and the impact of Hurricane Alex last year, the software industry in the state has maintained its revenues and employment.

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At the event, Nuevo Leon governor Rodrigo Medina said the new council members will continue to promote the software industry, which he added is fundamental for the state's development.