Robotics Business Review has partnered with Abishur Prakash at Center for Innovating the Future to provide its readers with cutting-edge insights into recent developments in international robotics, artificial intelligence, and unmanned systems. Are you ready to be updated?
Brazil sees renewed interest from foreign robotics firms
Robotics development: Siemens recently said it plans to invest 1 billion euros ($1.14 billion U.S.) over the next five years in Brazil. The money will go to strategic areas, including automation and digitalization initiatives.
The announcement by Siemens demonstrates that Brazil’s economy is beginning to recover and that foreign investment is restarting.
Geopolitical significance: For years, the world questioned whether Brazil would live up to its expectations.
It is a member of the BRICS grouping of nations — Brazil, Russia, India, China, and South Africa — populous nations with emerging economies.
While India and China grew, Brazil seemed to slow down. Now things are changing, and robotics may be a sign of what’s to come for Brazil’s economy.
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