The Nova Indústria Brasil (NIB) has completed its first year, achieving significant milestones in industrial growth, innovation, and investment. Launched on January 22, 2024, NIB has positioned itself as a key driver of Brazil’s neo-industrialization. The initiative has already mobilized R$ 3.4 trillion in public and private investments, reinforcing the country’s industrial capacity across multiple sectors, including agroindustry, automotive, bioeconomy, energy, construction, healthcare, and defense.
Major Investments and Industrial Growth
Over the past year, the manufacturing industry in Brazil saw a 3.7% growth in 2024, with industrial production increasing by 3.1%. The capital goods sector grew by 9.1%, while consumer goods expanded by 3.5%, with durable goods reaching a 10.6% increase.
The Nova Indústria Brasil (NIB) investment structure is divided into:
- R$ 1.2 trillion in public funding, including R$ 507 billion from the Plano Mais Produção (P+P) for financing neo-industrialization projects until 2026.
- R$ 2.2 trillion in private sector investments aimed at strengthening Brazil’s industrial production.
The National Bank for Economic and Social Development (BNDES) and the Funding Authority for Studies and Projects (Finep) have played a crucial role in financing these investments, particularly in fostering innovation and research in industries like aerospace and pharmaceuticals.
Mission 6: Strengthening Brazil’s Defense Industry
A significant highlight of NIB’s first-anniversary celebration was the launch of Mission 6, focused on advancing strategic technologies for national sovereignty and defense. With R$ 112.9 billion in investments—R$ 79.8 billion from public sources and R$ 33.1 billion from private sector partners—this initiative aims to enhance Brazil’s capabilities in satellites, launch vehicles, and radar systems.
Key goals include:
- Increasing Brazil’s technological sovereignty in defense to 55% by 2026 and 75% by 2033 (currently at 42.7%).
- Boosting exports of defense products, which reached US$ 1.8 billion in 2024, a 22% increase from 2023.
During the ceremony at the Palácio do Planalto, key government officials, including Defense Minister José Múcio and Science, Technology, and Innovation Minister Luciana Santos, emphasized the importance of defense investments for Brazil’s industrial development. Embraer CEO Francisco Gomes Neto highlighted that the NIB provides a well-structured framework for advancing Brazil’s aerospace and defense industries.
Key Achievements and Future Outlook
The NIB’s impact extends beyond industrial production:
- Brazil climbed 30 positions in the UNIDO global industrial ranking, moving from 70th to 40th place in 2024.
- Industrial employment surged by 146%, with 28.8% of new jobs filled by young professionals (ages 18–24).
- The utilization rate of industrial capacity reached 83%, the highest level in 13 years.
To further enhance industrial modernization, the NIB incorporates several strategic programs, such as:
- Brazil More Productive (Brasil Mais Produtivo) – R$ 2 billion for digital transformation in small and medium-sized industries.
- Mover (Mobilidade Verde e Inovação) – promoting sustainable automotive technologies.
- Accelerated Depreciation (Depreciação Acelerada) – incentives for modernizing Brazil’s industrial infrastructure.
With its six industrial missions and a long-term vision, the NIB is set to continue driving technological advancement, sustainability, and competitiveness in Brazil’s industrial sector. The next phase of the initiative will focus on deepening supply chain integration, expanding innovation, and ensuring Brazil’s role as a global industrial leader.