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Article: Regions: Americas - Durango's five-pronged plan.
- Article from:
- Foreign Direct Investment
- Article date:
- June 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jason Mitchell
The Mexican state of Durango is aiming to attract FDI primarily in five industrial sectors: textiles, forestry, food production, car-making and mining. The state government has decided to promote these industries because Durango already has clusters of companies in each sector.
The textile cluster is concentrated in the Laguna region, which surrounds the city of Gomez Palacio in the north-east of the state. This is an important industrial city that links with the city of Torreon, in Coahuila state, to form an urban conurbation. In Durango's textiles sector, there are about 120 companies, which employ 32,000 people. Two of the ...
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