Microsoft will invest 1.1 billion dollars in Mexico

Microsoft announced progress on its "Innovate for Mexico" plan to contribute to the country's development.

Microsoft will invest 1.1 billion dollars in Mexico
Microsoft will invest 1.1 billion dollars in Mexico; will open a cloud data center. Image by Haris imran from Pixabay

President Andres Manuel Lopez Obrador reported that the company Microsoft will invest in the country 1.1 billion dollars in technology development programs over the next five years. During his morning lecture on Thursday, AMLO thanked the confidence that investors have in Mexico and I am confident that it will grow more in the coming years.

"We have had a relationship with Microsoft; recently the CEO visited us and it was agreed to agree, an alliance to work together and advance in technology. This company will invest more -because it is already doing- in technology development for the benefit of Mexico's development, he said.

According to the firm, the objective of the plan is to expand the access of Mexicans and their investors to digital technology and make government organizations such as hospitals, schools, among others, improve their productivity and results.

"As part of this investment, data centers will be built in the region to provide comprehensive, intelligent, secure, and reliable services to help all organizations and take advantage of the great benefits and promote their digital transformation," said Satya Nadella, CEO of Microsoft.

AMLO said that this project includes the construction of laboratories and training programs, among other innovations, so that today's workers and those of the future have the tools that the market will demand.

In turn, Nadella said that this will put Mexico on the path of technological progress in order to contribute to economic growth.

Also during the morning conference, Cesar Cernuda Rego, president of Microsoft Latin America, explained that Innovate for Mexico includes the construction of a biosafety center and 15 training programs. The Ministry of Public Education (SEP) and universities will promote the development of virtual classrooms.

Along with the Mexican Business Council, Microsoft will lead an advisory council to present experiences among entrepreneurs for digital transformation. As part of its support for animal and environmental preservation, the U.S. firm said it will work with the organization Mexico Azul to care for the mako shark, a vulnerable species in the country.

"This project will allow the monitoring of sharks through open-source software that uses image recognition with artificial intelligence to identify each shark individually," said Cernuda.

T-MEC

Lopez Obrador said that the signing of the free trade agreement with the United States and Canada made it easier for Mexico to become attractive for investment.

"It is very good news, there is confidence in the country, when we spoke in April last year Microsoft was analyzing whether it was viable to invest in Mexico, there were, of course, other countries that were candidates for this investment, and they decided to do it in Mexico and this is important help a lot because of the potential of Mexico helps the signing of the free trade agreement in the United States," said the federal president.

The president said that the country is experiencing excellent conditions to attract investors. AMLO highlighted some of the achievements of his government, such as the signing of the T-MEC and the increase in the minimum wage.

"We have carried out an administrative policy with healthy public finances, there are no deficits in real terms, we are not spending more than what enters the public treasury, we do not have problems with inflation," he said.

He also mentioned that the peso has appreciated and "it is the currency that has appreciated the most about the dollar, it is not increasing the public debt, it has increased the minimum wage.