Brazil's government unveils the New Industry Brazil plan, allocating R$300 billion by 2026 to bolster national industries, notably machinery and equipment manufacturing.
This infusion is expected to also uplift steel producers, which are integral to this supply chain.
Yet, wholesale banks might face headwinds if the Brazilian Development Bank (BNDES) intensifies its role under this scheme.
Targeted for incentives are sectors including agriculture machinery, electric mobility, digital transformation for industrial productivity, bioeconomy, and national defense technologies.
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