Brasilia [Brazil], March 25 (ANI): Brazil Vice President and Development Minister Geraldo Alckmin highlighted the potential of strengthening the country’s defence industry to spur growth across multiple strategic economic sectors.
Speaking at the launch of the Defence Industrial Base (BID) Product Catalogue at the Ministry of Defence in Brasilia, Alckmin presented a catalogue listing 364 products from 154 companies designed to broaden market access, foster innovation, and reinforce Brazil’s industrial base.
Alckmin stressed that the defence sector’s impact goes beyond military uses, driving technological advances with spillovers for healthcare, agriculture, and scientific research, according to Brasil 247. He called a strong defence industry “a life insurance policy for the nation and an engine for the New Industry Brazil.”
The remarks align with the government’s New Industry Brazil (NIB) strategy, which seeks to revive manufacturing through innovation, sustainability, and value creation. Within this framework, the defence sector is seen as a pillar for generating skilled jobs, strengthening supply chains, and improving Brazil’s competitiveness internationally.
The government plans to leverage institutions such as BNDES, Finep, and Embrapii to provide financing and incentives for research and development. Officials say bolstering the defence industry will enhance national sovereignty and act as a catalyst for broader economic transformation, linking technological innovation with industrial growth and long-term development. (ANI)
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