Alckmin announces BRL 3 billion for second phase of industrial park modernization program

Brazil has announced the second phase of its Accelerated Depreciation program, led by Acting President and Minister of Development, Industry, Trade, and Services Geraldo Alckmin. The program will provide BRL 3 billion in loans over 2025 and 2026 to modernize the industrial park, focusing on productivity, energy efficiency, and decarbonization. The initiative aims to replace outdated machinery with advanced equipment, benefiting 25 economic activities. In 2024, Brazilian industrial production increased by 3.1%, with the manufacturing industry alone growing by 3.7%.