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The Federal Government and Private Sector Will Invest R$ 1.6 Trillion in Projects Related to Mission 3 of the New Brazilian Industry, Focused on Industrial Growth.
On the morning of this Wednesday (10/30), the Palácio do Planalto hosted important authorities and business leaders for the announcement of investments totaling R$ 1.6 trillion in projects related to Mission 3 of the New Brazilian Industry (NIB).
The event was attended by President Luiz Inácio Lula da Silva, Vice President and Minister of Development, Industry, Commerce, and Services, Geraldo Alckmin, and Ministers Rui Costa (Civil House) and Jader Filho (Cities). The investments are projected to be realized by 2029, with a clear focus on sustainability and innovation.
Objectives of the New Brazilian Industry
Launched in January 2023, the NIB aims for national development by 2033. This industrial policy seeks to improve the quality of life in Brazilian cities by integrating fundamental aspects such as sustainable mobility, housing, infrastructure, and basic sanitation.
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The expectation is that 75% of the total R$ 1.6 trillion will come from the private sector, demonstrating a strong commitment from the sector to collaborate with the country’s progress.
Geraldo Alckmin emphasized the importance of these investments, stating that they “demonstrate the correctness of the focus of the New Brazilian Industry,” which will strengthen infrastructure and mobility, bringing direct benefits to citizens. According to him, the partnership between the public and private sectors is essential to transform cities, generating economic development and quality of life.
Credit Lines and Public Funds
Of the R$ 1.6 trillion announced, R$ 113.7 billion comes from credit lines and subsidies from the Mais Produção (P+P) Plan. From this total, R$ 48.6 billion has already been allocated to projects since 2023, while another R$ 65.1 billion will be available until 2026.
The Caixa Econômica Federal also reinforced financing by providing R$ 63 billion, raising the total resources to R$ 405.7 billion for projects aligned with the six missions of the NIB.
In addition, other institutions such as BNDES, Finep, Banco do Nordeste (BNB), Banco da Amazônia (Basa), and Embrapii are part of the joint effort. An additional R$ 492.4 billion from Caixa, BNB, and BNDES is designated for PAC works and the Minha Casa Minha Vida program, further increasing the investments directed toward the NIB.
Private Sector Commitments
During the event, the Brazilian Association of Infrastructure and Base Industries (ABDIB) announced investments of R$ 833 billion. The Brazilian Chamber of Construction Industry (CBIC) committed to providing another R$ 222.5 billion.
The total adds up to R$ 1.05 trillion, which will be allocated to housing, infrastructure, and sanitation until 2029. The majority of the resources will focus on urban mobility projects, such as highways, railways, ports, and airports.
An important highlight was the announcement by WEG, which plans to initiate an investment cycle to produce electric batteries on a large scale in Brazil. The Brazilian company will allocate R$ 1.8 billion for this project, joining other companies already operating in this sector, such as BorgWarner, which manufactures batteries for electric buses.
Sustainable and Technological Development
The Secretary of Industrial Development of MDIC, Uallace Moreira, emphasized that Brazil has large reserves of lithium and other minerals used in the manufacture of electric batteries. However, currently, most of these minerals are exported for production abroad.
The goal of the National Industrial Development Council (CNDI) is that by 2026, at least 3% of electrified vehicles in Brazil use national batteries.
The expectation is that this percentage will reach 33% by 2033. In addition, the government intends to contract up to 2026 two million homes through the Minha Casa Minha Vida program, with 500,000 houses equipped with solar panels.
Innovation and Technology
During the ceremony, Finep also announced the signing of contracts totaling R$ 157 million for the development of new technologies. One of the most innovative projects is the “flying boat,” an idea from the Amazonian startup AeroRiver, which could transport up to 10 passengers at a speed of 150 km/h, even during dry periods.
Investments in technology include solutions for sustainable aviation, such as a hybrid turbo generator powered by ethanol, as well as the development of autonomous electric trucks. These projects aim not only at advancing national technology but also promoting sustainable and innovative practices in the industry.
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