In the case of establishing production in Russia, including entering into technological partnerships with Russian automakers, foreign auto companies have the right to rely on state support measures. This was reported to socialbites.ca by the Ministry of Industry and Trade.
“The Russian Ministry of Industry and Trade is implementing a number of state support measures aimed at creating conditions for deepening technological dominance, including in the automotive industry,” the ministry’s press service told socialbites.ca.
These are measures such as special investment contracts (SPIC 1.0 and SPIC 2.0), research and development (R&D) support program aimed at promoting investment in industrial production in Russia in particular. In addition, the Auto Components program was launched this year in partnership with the Industrial Development Fund. The ministry also said there are targeted programs to stimulate demand and a host of other measures to support the industry.
“This set of measures is also available to foreign investors who have made a strategic decision to invest in long-term partnership and technology development in Russia,” the Ministry of Industry and Trade said.
The previous day, AvtoVAZ President Maxim Sokolov reportedthat the company is discussing the possibility of assembling C and D class cars with partners from friendly countries. In detail about what cars can appear in Russia as part of such cooperation Wrote “socialbites.ca”.