Microsoft Corporation plans to invest about USD $1 billion in Mexico in the period from 2015 to 2018 to promote the growth of small and medium enterprises through the use of IT, according to a statement by the Mexican government.
The statement was issued on Thursday October 1st, after a meeting between Mexico’s President Enrique Peña Nieto and the CEO of Microsoft Corporation, Satya Nadella. Additionally, Nadella confirmed the company’s commitment to supporting existing clusters in Queretaro, Aguascalientes, Jalisco, Guanajuato and Puebla.
The president’s office said in a statement that the two discussed Microsoft’s presence in Mexico over the next 20 years, along with its participation in telecommunications.
Following their meeting, they met with Microsoft scholarship winners from the Mexican Youth Institute, a federal agency that operates under the Social Development Secretariat and promotes education, health, employment and social inclusion on behalf of youth.
The move will strengthen the country’s computer workforce, and will provide the necessary infrastructure to develop future software designers for the country. Mr. Nadella also supported the Peña Nieto administration and expressed confidence in its abilities to bring about technical reforms in Mexico.
According to bidnessetc.com, this might just be a political stunt, but regardless, Mexico will benefit from Microsoft’s investment. The recent influx of Asian dominance in the tech industry, and the apparent lack of renowned Latinos in the tech industry, could change after this investment.
Microsoft has already started to lay out its plans for Mexico. It has provided technical know-how and expertise to a company known as SkyAlert, which started out four years ago, and now has 75 employees. SkyAlert is an earthquake detection service and works to detect seismic activity, and then passes the information to the general public.
more recommended stories
Naked, bruised and battered a woman runs to avoid being raped in eastern Mérida
“He grabbed me and threw me.
AMLO in Mérida to discuss “Tren Maya” project with governors and government secretaries
At 9 am on Monday, November.
Brother of the North Mérida agressor threatens victim’s relative with death
The profound indignation that the attack.
Homeless individual “caught with his pants down” on the international dock of Progreso
Julio César Junco Chablé “could not.
Stan Lee, creator of legendary Marvel comic book superheroes, dies at 95
Stan Lee, the godfather of Marvel.
AMLO will turn 65 on Tuesday November 13, 2018
Sixty-five years ago, Andrés Manuel López.
How Escrow Service Protects Your Real Estate Investment in Mexico
If you purchase property in Mexico,.
Three million Venezuelans have fled economic and political crisis in their homeland
(Reuters) – Three million Venezuelans have.
First monarch butterflies start arriving in Mexico
While some caravans head north, others.
Mexico’s Supreme Court deemed the country’s marijuana prohibition law unconstitutional
Mexico’s Supreme Court on Wednesday deemed.