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Brazilian development bank BNDES has approved a 1.5bn-real (US$842mn) loan for the national industrial training service Senai, local press reported.
The resources, to be disbursed during 2012, will be invested in the deployment, expansion and upgrade of 22 innovation institutes and 65 technology institutes in the country, as well as associated schools and other entities.
The expansion and upgrade of Senai's network is expected to foster innovation in local companies, support the training of human resources and the development of infrastructure to provide IT and technical services, according to Senai's director, Rafael Lucchesi.
Senai's innovation institutes provide industry-specific and cross sector laboratories to address the needs of local companies in areas such as production, microelectronics, engineering, information and communications technology.
The entity's technology institutes will serve the needs of specific segments in the industry.
According to Lucchesi, the entire network of institutes must be up and running by 2014.