Follow Us On

  • Facebook


Regional Industrial Development Fund Will Appear In The Republic Of Kalmykia

Denis Manturov, Minister of Industry and Trade of the Russian Federation, made a working visit to the Republic of Kalmykia. During the visit, the head of the Ministry of Industry and Trade of Russia visited the factory for the production of electronic component base Zvezda and examined the exhibition of commodity producers in the region. Special attention was paid to investment projects of the Republic, in particular, a regional Industry Development Fund will be created in Kalmykia to support them. 

During a bilateral meeting with the head of the Republic of Kalmykia, Batu Hasikov, Denis Manturov discussed the industrial development of the region.

Kalmykia has a very good investment potential in many areas. A full-fledged regional Industry Development Fund will be created in the Republic, which will define standards for local entrepreneurs. The Federal Fund will provide financing to projects in Kalmykia in the amount of up to 70%

- said the head of the Ministry of Industry and Trade of Russia. 

Many investment and industrial projects are not subject to the requirements of the federal Fund; the availability of a regional fund will allow to take into account the needs of local entrepreneurs. Preparation for the creation of the Fund will begin this year.

- noted Batu Hasikov. 

Denis Manturov also spoke about plans to modernize the Zvezda enterprise, transfer the plant to a modern nomenclature and search for new customers for the plant's products. Other potential investment projects of the Republic include an industrial park for enterprises for the production and deep processing of agricultural products, a gas chemical complex on the Caspian coast, development of a limestone deposit, and projects in the field of renewable energy - the creation of solar and wind power plants. 

One of the projects could be the creation of a technopark for manufacturers of radioelectronic equipment.

In the near future, with colleagues from the Department of the radio-electronic industry of the Ministry of Industry and Trade of Russia, we will determine prospective residents

- noted Denis Manturov. 



© Copyright 2010-16 Invest in Russia Hanko Hackberry Group All rights reserved.