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Economics

Rio de Janeiro government to invest R$400 million in the creation of 24 new industrial districts

The state's industrial production ended 2023 with a 4.5% growth rate

Industrial production in Rio de Janeiro ended 2023 with an increase of 4.5%. Comparing December 2023 and 2022, the increase is 5.5%.

These data are contained in the regional monthly industrial production survey (PIM) published by the Brazilian Institute of Geography and Statistics (IBGE). The growth recorded during the industrialisation of Rio de Janeiro far exceeded the national result (0.2 per cent).

This year, the state government will invest R$400 million (US 60,3 million) to create 24 new industrial districts in Rio de Janeiro and revitalise 10 existing ones. The initiative is part of the state's reindustrialisation strategy. This is reported by Toda Palavra, a partner of TV BRICS.

"The result achieved last year is due to the performance of the oil, steel and automotive sectors, the segments that are most active," explained Minister for Economic Development, Industry, Trade and Services Vinicius Farah.

Photo: IStock

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