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03 Мая 2018
Foreigners

Industry Becomes Mighty Growing Point

Industry Becomes Mighty Growing Point
Источник фото: kuban.rbc.ru

Krasnodar, 3 May – Yug Times. The Legislative Assembly has reportedly adopted a bill on opening of industrial clusters in the region to ensure a serious stimulus for production development.

According to the press service of the Krasnodar regional administration, the industrial clusters will appear, first of all, in such spheres as pharmaceutics, agricultural machine building, furniture and wood processing industry.

“The industrial cluster is an efficient tool of development of the region’s economy,” stated Head of the regional Department for Industrial Policy Ivan Kulikov. “It is aimed at the improvement of efficiency of the existing industrial productions and provides conditions for intra-cluster production cooperation. As a result, all these factors will make it possible to launch new highly competitive import-substituting products in the regional market.”

The industrial sector is becoming a promising growing point for the regional business, stated Head of the regional Department for Investments and Development of Small and Midsize Businesses Yuri Volkov. According to him, the volume of investments in industrial projects equaled to 18% of the total amount of investments made in the Krasnodar region last year.

“I am asserted that increased governmental support will also add a weighty impetus,” said Mr. Volkov. “The regional Fund for Industrial Development opened in April will give loans starting from 10 million roubles at a 5% interest rate.”


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