Russian authorities are working to attract private investment in production, which should reach at least 10 trillion rubles in eight years. On this topic at the strategic session on industrial development declaration Russian Prime Minister Mikhail Mishustin.
“At the instruction of the President, the government is now taking additional measures that will help to significantly increase the amount of private funds drawn to projects for the production of priority industrial products. In total, the amount of eight-year investments should be at least 10 trillion rubles,” he said.
According to him, for these purposes, a cluster investment platform was launched in March, on which it is possible to provide long-term loans at a preferential rate. At the same time, eight projects worth 220 billion rubles were approved in April, and more than 40 projects are under consideration.
He added that the government has recently expanded its program of government guarantees to support industry in the form of industrial mortgages that can be taken for the construction, modernization and reconstruction of factory facilities.
At the end of April, the head of the consulting company “Yakov and Partners” Yakov Sergienko expression the view that the investment opportunities that have developed in the market have not been in Russia for the last 30 years. According to the expert, how Russia will take advantage of the window of opportunity will largely determine the manufacturability and competitiveness of the products of Russian enterprises, as well as the economic growth rate over the 5-10 year horizon.