Program for Aerospace Industry presented

Mexico City.- In order to place Mexico among the top 10 countries in the world in aerospace production, with exports for US$12 billion and generating 110,000 highly qualified direct jobs, the Minister of the Economy presented the National Strategic Program for Aerospace Industry (Pro-Aereo) 2012-2020.
After announcing this program in the Aeronautics University at Queretaro, the Minister of the Economy, Bruno Ferrari, inaugurated Sames Plant from Safran Group, where US$50 million were invested, to work on CFM56 engines maintenance and repair, generating 350 highly qualified jobs.
In a press release, the Ministry of the Economy informed that the Program picks up the best international practices to strengthen this strategic sector and take advantage of opportunities, in addition to receiving more foreign direct investment.
He explained that in this process Mexico has become the country with the largest investment in aeronautics manufacturing in the world, for around US$33 billion, which has provided for the development in Mexico of a highly competitive sector in this world market.
Source: T21 | Date: 16/03/2012