Driven by solar energy, MG attracts R$4,3 billion in investments in 2023

Through the Invest Minas, the government of Minas Gerais reported that the state attracted BRL 4,3 billion in investments in the first two months of the year, with an estimated generation of 5.718 jobs.

Among the sectors that most formalized investments are solar energy, agribusiness and mining, followed by food, non-ferrous minerals, beverages, infrastructure, automobiles and auto parts, fertilizers and pharmaceuticals.

The three municipalities with the highest volume of investments attracted in 2023 are in the North of Minas Gerais. “We are managing to maintain a good pace of attracting new investments and expansions in various sectors, even in a period that is traditionally less booming for business.” account João Paulo Braga, CEO of Invest Minas.

Highlights include investment protocols for photovoltaic solar generation and agribusiness projects. According to Invest Minas, the details of the investments cannot yet be disclosed at the request of the companies.

Fernando Passalio, Secretary of State for Economic Development of Minas Gerais, assesses that the significant volume of investments is the result of work to reduce bureaucracy in the state's economy, thus expanding the possibility of new business.

Decarbonisation

It is no coincidence that photovoltaic solar energy generation leads the volume of investments this year. Projects related to sustainability tend to be increasingly present on the agenda for new investments.

To accelerate the achievement of the goal, in February 2023, the Government of Minas, through Invest Minas and the State Secretariats for Economic Development and Environment, initiated the Decarbonization Route.

The program seeks to define actions, policies and regulations that will encourage the necessary investments to make the Minas Gerais economy cleaner and more environmentally sustainable.