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A recent study on projects and initiatives to be taken in the Brazilian industrial sector to ensure the increase of national productivity was launched by Firjan, which expects more than R$ 1 trillion to the national GDP in up to 5 years.
On last Thursday (08/18), Firjan (Federation of Industries of Rio de Janeiro) launched the Firjan Proposal Agenda for a Brazil 4.0, a report on the future of the national industrial sector and what can be done to boost productivity in the area. The federation points to the need for more investments in projects to warm up the sector and expects a collection of R$ 1 trillion to the national GDP in the next 5 years, contributing to the economy of the country.
The increase in productivity can generate growth of US$ 1.04 trillion in the Gross Domestic Product (#GDP) of Brazil in the next five years. With this growth, the country could rise from 12th to 8th place in the ranking of the world’s largest economies by 2027. + pic.twitter.com/zGy2d2qqlP
— Firjan (@firjan) August 18, 2022
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Federation Study Points to Need for Incentives to the Industrial Sector for Growth in Productivity and Boosting the National GDP
The growth of productivity in the national industrial sector is the main point of the Firjan Proposal Agenda for a Brazil 4.0 study, recently launched by Firjan. The report points to a series of solutions and proposals to be adopted by state governments to ensure that the national economy can grow at its full potential over the next 5 years.
This is because Firjan projects that, with the right investments in the industrial sector, the Brazilian market could benefit from more than R$ 1 trillion in GDP over the next 5 years. Thus, the country’s GDP would rise from US$ 1.804 trillion to US$ 2.821 trillion, which would allow Brazil to move from 12th to 8th place in the ranking of the world’s largest economies by 2027.
Thus, the federation’s report encourages support for the industrial sector and ensures that the Brazilian economy benefits from the segment, which has not been happening regularly in recent years.
The document was launched this week at the federation’s headquarters in downtown Rio. The panel “Strong Industry, More Productive Country” from Firjan featured some representatives from the industrial sector, such as Julio Talon, president of GE Celma; Pedro Wongtschowski, chairman of the Board of Directors of Ultrapar; Alexandre D’Ambrosio, executive vice president of Corporate and Institutional Affairs at Vale; and Rafael Chaves, Director of Relationship and Sustainability at Petrobras.
Firjan Highlights the Importance of the Industrial Sector for the Brazilian Economy in Report and Reveals Essential Pillars for Increasing Productivity
The president of Firjan, Eduardo Eugenio Gouvêa Vieira, highlighted at the event the importance of the industrial sector to the GDP and to the national economy: “Productivity is the key to the advancement of the industry. The Firjan Proposal Agenda for a Brazil 4.0 is a contribution from the business community of Rio de Janeiro to the planning of public policies for federal and state governments. And the presentation of this rich document reiterates our federation’s commitment to strengthening the industrial sector and resuming economic growth. Industry 4.0 needs a Brazil 4.0. And one of the first steps for this to happen is the recreation of the Ministry of Industry, Commerce, and Services.”
Thus, the new scenario of resuming the importance of the industrial sector to the national economy led Firjan to point out four major pillars that will drive productivity in the national industrial sector: “Business Environment”, “Infrastructure”, “Human Capital”, and “State Efficiency”.
The federation’s report concludes by reinforcing the need for changes in actions by the Federal Government and state governments to incentivize the correct areas of the industrial sector, aiming to ensure an increase of R$ 1 trillion to the national GDP over the next 5 years in a safe and beneficial manner to the national economy.
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