• Foreign Secretary Marcelo Ebrard, Governor Samuel García and Mayor Luis Donaldo Colosio inaugurate the new facilities of India's Tata Consultancy Services.
  • Secretary Ebrard says Mexico has everything it needs to grow at double the rate it has been growing.

Foreign Secretary Marcelo Ebrard today inaugurated the new facilities of Tata Consultancy Services (TCS) in Monterrey, accompanied by Nuevo Leon Governor Samuel Garcia, Mayor Luis Donaldo Colosio, and TCS Latin America CEO Marcelo Wurmann. The investment announced today by TSC, an IT-focused company and part of India's largest corporate group, will create 2,500 new jobs, both in Nuevo Leon and the rest of Mexico.

Foreign Secretary Ebrard said that the arrival of TSC and other Indian companies in Mexico is due to the shared vision of two countries that are going to grow as partners, leading to better salaries, more jobs and more possibilities for growth.

In his remarks, the Foreign Secretary highlighted the favorable conditions Mexico offers for foreign investment, including for export-platform foreign direct investment to the U.S. and other countries and its financial strength. It has the wind at its back due to the nearshoring trend, and a demographic bonus.

"The CEO of TCS told me that we have everything for Mexico to grow at more than double what it does now, that is, at between four and five [percent] on average, that is, to grow at that rate for a decade," said Foreign Secretary Ebrard.

He said that, "soon, in December, we will have another agreement with India as well, not with TCS but with another institution: we are going to develop immunotherapy in Mexico."

In his remarks, Governor Samuel García thanked Foreign Secretary Ebrard for his support, saying, "The Foreign Ministry has been key in achieving historic levels [of investment] in Nuevo León."

Mayor Luis Donaldo Colosio highlighted the support of the federal government, "with whom we hope to continue working hand in hand to bring prosperity, growth and development to all the talents born every day in the city and in the state of Nuevo León [...] in order to become the best business capital in the country.”