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Minister: Focus on attracting technologies

Credit: kremlin.ru

Minister of Industry and Trade Denis Manturov was received by Russia’s President to discuss the special investment contract mechanism, presidential web page reported.

Over three past years, “We have signed 40 special investment contracts worth a total of RUR 1 tln, and these are private investments. As we implement these projects, we will generate over 20,000 new highly productive jobs in various sectors. This includes, first and foremost, the automotive industry, pharmaceuticals, power engineering, oil-and-gas machine building, chemicals and other sectors,” the Minister said.

“From now on, instead of attracting greater investments, we will focus on attracting technologies,” he noted.

Manturov also mentioned the upcoming Global Manufacturing and Industrialization Summit GMIS 2019 which will be dedicated to nature-like technology and its development, as well as to finding a balance between biological and technological areas.

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