Brazil’s New Industrial Policy Puts Technology at the Forefront

Brazil’s new industrial policy is placing a heavy emphasis on Technology and innovation, with a plan to invest BRL 300 billion ($60 billion) in the sector. The policy, announced on Monday, is focused on sustainability and aims to stimulate national development and increase international competitiveness through 2033.

President Luiz Inácio Lula da Silva emphasized the need for an innovative and digital industrial policy that meets global demands. The plan includes measures to counteract premature deindustrialization by offering special credit lines, non-repayable resources, and regulatory actions.

The policy document is organized into six pillars, or “missions,” with specific short-term and long-term objectives to be attained. These include a focus on technology-related actions and goals to ensure food security by increasing the use of mechanical methods in family-owned farms and enhancing the production of technologies that contribute to national sovereignty.

Other priorities in the new policy include the increased use of biofuels in logistics, reducing carbon emissions in the industrial sector by 30%, and enhancing the use of Brazil’s biodiversity in the industrial sector.

The plan also aims to digitalize 90% of businesses in the industrial sector, invest in Industry 4.0 technologies, and improve wellbeing in cities. These goals include reducing the time Brazilians spend commuting to work and increasing the production of electric vehicles and batteries.

Overall, Brazil’s new industrial policy is centered on sustainability, innovation, and digital transformation, with a focus on enhancing national development and competitiveness. Additionally, the policy aims to have a positive impact on society by addressing key environmental and technological challenges.

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