Minas Gerais may raise another R$110 billion in investments by the end of 2022. On Tuesday (7), when concluding a presentation on the balance of contributions made to the state throughout his term, Governor Romeo Zema (Novo) stated that the funding had been implemented Since 2019, it has exceeded the Executive’s expectations and expects, by the end of next year, to reach the figure of R$300 billion – twice the amount projected at the start of its government.
“I want to assure my satisfaction that, in three years, we have exceeded the target of 150 billion Rls that we wanted to attract (at the beginning of our term). Of course, we still have more than 12 months to add to these investments. Perhaps, we will finish the administration with what we wanted to achieve,” Zima said. Almost double what we would like (300 billion Rls).
According to figures presented on Tuesday, in the past three years, Minas has raised R$189.6 billion, up 26% from the management’s initial goal, which is to attract R$150 billion in investments. In all, there are 281 companies to drive the development of various sectors of the economy and mining areas.
More than half of the contributions attracted – R$101 billion – were signed through protocols of intent signed from January to November this year and represent 94 projects in the implementation or planning stage.
According to the governor, the numbers recorded are the result of a series of Measures to reduce bureaucracy and legal security for the productive sector that have been adopted over the past few years. The integration of government portfolios, such as those related to public safety, and health, through health monitoring, treasury, infrastructure, the environment and economic development itself has also contributed.
Of the total investment raised (189 billion R$) in the past three years, 86 billion R$ has already been realized. As an example of companies that have attracted and are already operating in the state, Zima has called up R$1 billion in investments by Grupo Petrópolis. After opening a new brewery in Uberaba, Triângulo Mineiro, in 2020, the unit has already expanded to increase installed capacity and enhance production logistics in Minas Gerais.
Also in regards to the brewery, Romeo Zima highlighted that the state works in parallel to ensure the necessary supply chain for companies set up in the Minas Gerais region.. “Whoever produces beer needs an aluminum can, a bottle and other supplies. We are making this chain viable within the country,” he said.
Also according to Governor Romeo Zima, investments in the state grew by 800% when comparing the figures from the previous and current administration, as the head of the state executive considered it unimaginable, but it shows that Minas Gerais, today, attracts, on average, the Brazilian Real . R$53 billion annually, compared to R$7 billion collected annually from 2015 to 2018, for example. These statements were made without considering the devaluation data.
Sectors and Functions
For the Minister of State for Economic Development of Minas Gerais, Fernando Basalio, this is Historic moment for the country. “By attracting investments, we have found the best way for miners to find income and employment in the private sector so that they can ensure prosperity and social progress,” he said.
In addition to 100,000 direct jobs, Basilio notes that indirectly, it is expected that 250,000 indirect jobs will be implemented to implement projects already acquired. The minister also detailed the most invested sectors in the country in terms of attracting investments, namely: mining (71.5 billion Brazilian reais). Energy (52.7 billion R$); electronics (11.6 billion Rls); Food and Beverage (R$5.8 billion); Followed by the chemical and pharmaceutical industries (2.6 billion R$), in addition to E-Commerce (1.8 billion Brazilian reals).
The United Kingdom sends a delegation to the country
As a result of the official mission of the Government of Minas Gerais to London, in November, the Governor of Minas Gerais, Romeo Zema (Novo), on Tuesday (7), received in Cidade Adariva the British Prime Minister’s Trade Envoy to Brazil, Marco Longi, who was accompanied by a retinue. This is the envoy’s first commercial commitment in the country in a three-day agenda, one of which is dedicated solely to commitments in the capital.
The main focus is on continuing negotiations between Minas Gerais and the English Government regarding strengthening partnerships and investments, particularly in sustainable actions and decarbonization.
Minas emerged as the first country in Latin America and the Caribbean to join the The race to zero, a global campaign to eliminate greenhouse gas emissions by 2050, which has drawn more interest from Europeans.
“We are completely open. There is a huge opportunity for this exchange between Minas and the UK, without a doubt. We will continue this analysis of what we can concretely close between companies and green and sustainable initiatives, from Minas Gerais and from the UK.
Marco Longi confirmed that after the meeting held last month, the British business sector showed interest in investing in Brazil, primarily in Minas Gerais. “I want us to be one of the main trading partners and Minas to be strategic. He emphasized that the leadership of the Zima government on renewable energies is very important and attractive.
Also in November, after COP-26 (the United Nations Conference on Climate Change in 2021), the country published a decree with the exemption from ICMS aimed at importing equipment and materials for solar and wind power generation. This procedure ensures that projects installed in Minas Gerais reach component suppliers around the world and improves competitiveness.
Also this year, Minas reached the historic mark of 2 gigawatts in operating the solar energy source. The sum of the values of central generation (631.16 MW) and distributed (1384.21 MW) corresponds to solar PV generated from large plants and solar parks and also by solar panels in homes and residential units, respectively.
partnership Minas Gerais and the United Kingdom are important trading partners. The country was considered the main source for British countries throughout Brazil, with 30.8% of the total freight concentrated. Values exceeded $781.5 million in 2020 alone.
The most prominent products were gold, coffee, iron ore and concentrates. In addition, there are already related British investors in Minas such as Unilever, Diageo, Sigma Lithium, Gemacom Tech, Dallas Airmotive and Anglo American. (With information from Agência Minas)
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