How can a business make money from import substitution: analysis of the import substitution program in Russia. Import substitution in Russia: list of goods, program, results Implementation of the import substitution program
Import substitution is the reduction or cessation of imports of certain goods by launching our own production of similar goods.
The most promising sectors for import substitution are the following:
- machine tool industry (the share of imports in consumption, according to various estimates, is more than 90%),
- heavy engineering (60-80%),
- light industry (70-90%),
- electronics industry (80-90%),
- pharmaceutical,
- medical industry (70-80%),
- mechanical engineering for the food industry (60-80%).
Import substitution in these and other industries is possible only if there are appropriate free production capacities and competitive enterprises that can offer quality products at market prices.
In the long term, reducing import dependence is possible through innovation and stimulating investment in technical sectors and the creation of new industries.
Opinion: it is impossible not to notice the country’s enormous successes in the field of agriculture and food industry. Think about it - in the 90s we received humanitarian aid, people were starving. And now we are the first in wheat exports.
Chicken, pork, and for some time now beef—the country is completely self-sufficient. Turkish tomatoes were banned, everyone immediately noticed that we have excellent vegetables from Rostov - much tastier than any foreign ones. By the way, Turkey is promoting agriculture on its territory by banning the import of fruits and vegetables from other countries - and no complaints against them.
Pasta products - even Italians who know a lot about it consider products from Russia to be of very high quality.
There is a problem with cheeses. She has made progress over the years, but there is still work to be done.
As for clothing, Ivanovo also produces a full range: yes, there are questions about styles and fashion, but the quality is higher than what is massively imported from abroad.
Unfortunately, there are failures in the field of high technology, robotics, biotechnology - at least this is noticeable based on press analysis.
Another positive thing: according to statistics, over the summer of 17 the production of medicines was significantly increased.
According to the Ministry of Industry and Trade, if a well-thought-out policy of import substitution is implemented by 2020, we can count on reducing import dependence in various industries from the level of 70-90% to the level of 50-60%. And in a number of industries it is possible to achieve lower indicators.
Being an open country, integrated into the international economic system, it is difficult for Russia to produce a whole range of goods, due to the fact that these goods produced here will be more expensive. This is criticized because Russia has oil, electricity is cheaper than many of its neighbors, wages are not high - there are all the conditions to develop its industry and agriculture.
A great danger is that for the oil industry, a significant part of the components and services for servicing equipment and wells is provided by foreign companies. In the event of their demarche, the level of oil production will fall. But replacement measures are being taken, including, judging by the media, joint measures with other oil-producing countries.
Definitely, after more than 20 years of an exclusively raw materials-based economy, when we sell metals, oil, gas, fertilizers, and import almost all vital products, it is very difficult to quickly adapt to a new direction and start producing many goods on our own. However, the market economy, demand and a large number of entrepreneurs solve this problem (a similar situation occurred after the war with).
The state creates special industry funds that support large enterprises working in the field of replacement.
What was the reason for the import substitution program
Sanctions restrictions from Western countries have affected supplies in the defense-industrial and fuel-energy complexes and new technologies. Russia has limited the import of a number of food products from countries that imposed sanctions.
Such a large state as Russia cannot be dependent on other countries. During the period of instability of the 90s, the country's leadership, while solving current problems, could not make plans for the future. Now they are being built for decades to come, they are being calculated.
The discourse of socialism has been raised. Society became keenly interested in the economy and the path of the country.
It cannot be said that the reason for import substitution is only sanctions and tense relations with several countries (note that we are talking about only a few countries, albeit very developed ones). Opportunities arose, the country rethought itself and its place. Yes, some things will be more expensive (now almost any product in any country will be more expensive than in China or India), but we cannot not produce our own.
Import substitution in the food industry
- Canned vegetables. "Astrakhan Canning Company" Astrakhan region.
- Dessert. LLC "Makfa" Chelyabinsk region.
- Telapia fish. "Fish-breeding complex". Astrakhan region.
- Salmon. "Murmanrybvod" Murmansk region.
- Whey processing. "Lianozovsky Dairy Plant". Moscow city.
- Semi-hard blue cheese. "Tbilisi Creamery" Tbilisi
- Cheese. Cheese factory "Russian Parmesan". Moscow region.
- Sunflower oil. Agrofirm "Rus". Belgorod region.
- Lysine. Agroholding "Yubileiny". Tyumen region.
- Coffee. "Gazpromneft gas station network." Moscow region.
- Meat products. Meat processing complex. Mordovia.
- Meat. Breeding farm "Ladozhsky". Leningrad region.
- Chicken meat, egg. LLC Poultry Farm Vladimirskaya. Astrakhan region.
- Trout caviar. Trout breeding plant "Adler". Adler
Exhibition Import Substitution
The basis of the exhibition is made up of collective expositions of Russian regions, which will represent enterprises, organizations and departments involved in the production of import-substituting products. The Moscow region is represented by both individual cities and enterprises. However, it was interesting to see what they were doing in the regions.
Ryazan Oblast. 
Voronezh region. 
Vologda Region. 
Lipetsk region is very bright, representative, one of the best stands. 
Altai Territory - this stand is always surrounded by attention - it is also very representative and interesting. 
Tula region. 
Krasnodar region is stylish and noticeable.
Next is our small sketch of individual stands. 
Domestic motherboards and information security systems. 
Snowmobiles. 
Something incredibly large and powerful, and even with a boat motor at the back. 
We rake everything out. 
Mobile trading solutions. 
Medicine.
For Russia, real import substitution (not industrial assembly from foreign components) is a good chance to realize economic diversification, end oil and gas dependence and move on to the production of high-tech products with high added value. What has already been done in terms of replacing imported goods with domestic ones? In which industries is connecting small and medium-sized businesses (SMEs) to import substitution effective?
Made by us: fashion or necessity
Over the past 20 years, Russia has been shaping a raw material economy: increasing exports of mineral products and metals (75.5% in 2000, 81.1% in 2014 of total exports), importing more and more vital goods. During the period 2000-2014, the volume of imported products increased 8.4 times.
Imports grew at the highest rates in the following categories:
- food and consumer goods;
- agricultural machinery, machines and equipment;
- automobiles, passenger and transport airliners;
- medicines;
- new technologies;
- products for the military-industrial complex.
As a result, Russia has short-sightedly become dependent on exporting countries and their policies. The country's security was under threat: food, social, economic, financial, military. Based on world practice, import substitution is advisable for optimizing the structure of the economy and developing strategic industries. If implemented effectively.
Overcoming dependence on imports in Russia is launched “from above” at each turn of a series of crises. The reason is simple - the purchasing power of the ruble is decreasing, the country is unable to import in the same volumes what it does not produce and what it needs. The world's last economic hole is burdened by anti-Russian sanctions. This activated the government, forcing it to move from words to developing a strategy - creating import substitution programs in Russia until 2020.
The share of Russian imports for various sectors of the economy is extremely high today. For example, the country imports components for heavy engineering - 70%, civil aircraft - 80%. The oil and gas industry uses 60% of foreign-made equipment, and 50% in the energy sector.
Chronicles of the fight against imports in documents
The authorities became puzzled by the issue of food security back in 2012. One of the goals of the “State Program for the Development of Agriculture for 2013-2020” is import substitution. In other industries, the process was started by the introduction of Western sanctions.
In 2015, import substitution started in the most important areas of the real sector. Work is being carried out simultaneously in two directions: stimulation of national industry and restrictive and prohibitive measures on imports. The devaluation of the ruble also contributes, naturally shifting the focus of companies to the purchase of domestic products.
| Document/event | Tasks and deadlines |
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|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture | State program for agricultural development for 2013-2020 (government regulation No. 717 dated July 14, 2012, developed by the Ministry of Agriculture) | By 2020, increase the weight of Russian food products in total resources:
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Food products prohibited for import until 08/06/16:
Results of the food embargo for some categories (Rosstat data):
Few will be able to receive government support, but SMEs have the opportunity to focus on really profitable niches:
Find out from the video whether the population supports the process of combating imports. Russians on import substitution of non-food products |
In 2014, sanctions from Western countries and retaliatory steps taken by the Russian side led to the fact that the import substitution strategy became one of the priorities of the Russian government.
According to the head of the Russian government, Dmitry Medvedev, the situation with imports in some areas of industry is extremely difficult: the share of imports in machine tool industry is estimated at approximately 90%, in heavy engineering - about 70%, in oil and gas equipment - 60%, in power equipment - about 50% , in agricultural engineering, depending on the product category - from 50 to 90%, etc. In the civil aircraft industry, imports are also still overwhelming - more than 80%.
In April 2014, as part of the policy of import substitution announced by the country’s leadership, the Cabinet of Ministers approved a new edition of the Russian state program “Development of Industry and Increasing its Competitiveness.” One of the main objectives of the state program, designed until 2020, is to reduce the share of imports of products, including those used by domestic manufacturers, into our country.
In May 2014, Russian President Vladimir Putin signed a list of instructions on additional measures to stimulate economic growth, including import substitution in industry and agriculture.
The first decisions to develop import substitution were made in agriculture. In October 2014, earlier than in other industries, an import substitution program in agriculture was approved.
The program provides for a set of measures to develop and adjust regulatory legal acts in the areas of ensuring food security of the Russian Federation, development of production and marketing of agricultural products, raw materials and food, development of infrastructure and logistics support for the agri-food market, customs and tariff regulation, phytosanitary and veterinary control (supervision) , land policy and international cooperation. By order of the Ministry of Agriculture of Russia dated March 27, 2015, a list of investment projects was approved, the implementation of which contributes to import substitution according to the priority activities of this state program. The list included 464 projects. The volume of investments in them is 265 billion rubles.
In 2015, the Ministry of Industry and Trade, the Ministry of Telecom and Mass Communications, the Ministry of Transport and the Ministry of Energy of Russia developed 20 sectoral import substitution programs in civilian industries.
Within the framework of these programs, it is planned to implement a total of approximately 2.5 thousand projects.
The allocation of funds to support import substitution occurs in the form of subsidies and co-financing of research, as well as the provision of grants and preferences for public procurement.
In the fall of 2014, the government adopted a program to support investment projects implemented in Russia on the basis of project financing. This program was developed with the aim of increasing the volume of lending to organizations in the real sector of the economy on long-term and preferential terms. Within the framework of the program, only projects selected as a result of a competition are financed, implemented until 2018 in certain sectors of the economy: agriculture; manufacturing industry; chemical production; mechanical engineering; housing construction; transport; communications and telecommunications; energy.
An important condition of the program is the requirement to locate the production site of the project being implemented in Russia.
A similar measure of financial support for import substitution was the allocation by the government of targeted loans from federal budget funds to enterprises implementing import substitution projects. Since August 2014, the Industrial Development Fund has been operating, whose tasks include financing projects at the pre-production stage.
In addition to direct support for enterprises, it is planned to introduce special measures to stimulate import substitution, including through state and municipal procurement. Thus, the government quite actively uses the right to limit the purchase of goods originating from foreign countries. Purchases of certain types of foreign-made goods are limited, such as medical products, mechanical engineering and light industry goods, as well as goods purchased for the purposes of national defense.
According to the Russian Government, if a well-thought-out import substitution policy is implemented, by 2020 we can count on reducing import dependence in various industries from the level of 70-90% to the level of 50-60%. And in a number of industries it is possible to achieve lower indicators. In general, Russian industrialists will need up to 2.5 years to launch the production of import-substituting products. The implementation of the import substitution program, according to the Ministry of Industry and Trade, will allow Russian enterprises to generate additional production volumes worth over 30 billion rubles annually, starting in 2015.
The material was prepared based on information from open sources
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Three years have passed since the introduction of sanctions against the Russian Federation in 2014. At the very beginning, the question arose of reducing the dependence of the country's economy on Western manufacturers. The government created an import substitution program, the results of which can now be assessed by the decline in the import of imported goods. The highest profits came from certain import substitution sectors in 2016; we will analyze them below.
The most developed sectors of import substitution in Russia
Among the ten most dynamically developing segments of the Russian economy, which are included, mechanical engineering occupies the last step.
- Place number 10. Mechanical engineering.
The fundamental sector of the economy of the Russian state, unfortunately, was more than 80% dependent on the import of products from outside. This means that the entire economic system of the country is vulnerable. It should be noted that at this stage, the work of machine-building enterprises, suspended due to restrictions, is being restored. For example, the Saratov Heavy Gear Cutting Machine Plant is resuming its activities, the Chernovskiye TsEMM enterprise is once again producing components for mining equipment, and new models of hydraulic excavators are rolling off the Uralmashplant assembly line.
- Place No. 9. Textile production.
In various sectors of the sector, imports ranged from approximately 30 to 50%. The main problems of light industry that import substitution can solve: there are not enough enterprises in the country engaged in the production of fabrics and clothing, and there is also a limited supply of primary products on the domestic market - cotton, flax, etc.
In this industry of import substitution, new or redirected old production has already begun work: the clothing factory of BTK Knitwear LLC in the Tula region has been modernized, the Textile Industry company has opened in Kabardino-Balkaria - one of the largest knitwear manufacturers in the country.
Breeding work is underway to develop cold-resistant cotton varieties for cultivation in cool agricultural regions of Russia. Thus, the Volgograd region has been a supplier of this raw material on the domestic market of the Russian Federation for two years now.
- Place No. 8. Production of fish products.
Previously, import substitution was not a problem in this industry, since imports here were relatively small. But here, thanks to investments, significant changes have appeared. LLC Fishing Company Polar Sea+ opened a fish and seafood processing factory in the Murmansk region with the ability to produce up to 10,000 tons of finished product per year. Among other things, it uses super-freezing technology to produce frozen fish.
Three years ago, tilapia was supplied to Russia exclusively from abroad; now this fish is grown in the Astrakhan region. The new farm will produce up to 1,000 tons of products per year. And the Khabarovsk Territory is implementing an import substitution program - creating a fish processing enterprise on the basis of old workshops.
- Place No. 7. Tourist services.
Many Russian regions, before the introduction of the import substitution policy, were of little interest to the tourism industry due to the lack of infrastructure, developed routes and interesting sites to visit. At the level of regional authorities, new tourism brands are being developed and investors are being attracted. This industry is looking for destinations that attract not only those who like to actively relax and get emotional relief. The emphasis is on intellectual, gastronomic and medical tourism, visiting new unique cultural centers.
Novorossiysk implements a new type of service for the region - wine tourism. A number of new routes are being introduced, such as the “Silver Necklace of Russia”, with a focus on import substitution, expanding the existing Altai resort areas. The introduction of a national ticket reservation system is very important for the development of domestic tourism.
- Place No. 6. Oil and gas production.
The oil and gas industry brings the largest revenues to the treasury of the Russian Federation. A number of enterprises in this sector actively participated in their industry’s import substitution program in 2016 and earlier. Gazprom responded promptly - it will receive specific equipment for the gas industry from the domestic plant Trubodetal.
The import substitution strategy promotes the development of domestic manufacturing bases through investment programs. Thanks to them, Prompribor began to produce equipment for transporting raw materials from the well itself to the processing site.
- Place No. 5. Medical industry.
In this industry of import substitution, the emphasis is on pharmacological innovations and the creation of something fundamentally new. Russian analogues of imported drugs are being introduced. Generics of medicines that were previously imported from abroad are already produced in Kazan. Intelligent prostheses for children are manufactured in Arkhangelsk, innovative drugs to combat tuberculosis and atherosclerosis are created in the Irkutsk region. In accordance with the new industrial policy and focus on import substitution, clustering of pharmaceutical production is being introduced in the regions, which will help stabilize the industry and integrate scientific developments and widespread production.
- Place No. 4. Transport production.
Imports almost played a key role in the production of basic parts for most types of transport. After the introduction of new economic strategies for a number of transport complexes, the use of domestic components increased to 93%. Russia, addressing the issue of import substitution in this industry, is expanding its production, and Transpnevmatika OJSC will now produce the latest braking equipment for trains at its base. Including for Gazprom, Kurgankhimmash launched the production of offshore tank containers, which until now have not been produced in our country. The Ulan-Ude LVRZ has mastered the production of components previously imported from Ukraine for the repair of diesel locomotives.
- Place No. 3. Production of computer software.
Unfortunately, the use of foreign software still prevails in the country. Without office suites and special programs, the work of large companies and corporations will be paralyzed, and the public administration system will fail. The transfer of major enterprises and government bodies to Russian software developments is one of the most important tasks of import substitution.
To build reliable information systems in each industry that are protected from intrusions of various kinds, our own Zircon integration platform has been created. The development of the Unified Register of Russian Software has been completed. In fact, Russian Railways, Rostelecom, Sberbank and other key companies of the Russian Federation were excluded from their work by Western programs. Work is actively underway on import substitution in the field of mobile operating systems.
- Place No. 2. Chemical industry.
Leading chemists, as part of the program for this sector of import substitution, are tasked with synthesizing substances that can open up new opportunities for Russian industry. As a result of research, the first plant in the Russian Federation for the production of modern packaging was opened in Tatarstan. PJSC Omsk Kauchuk is restoring the production of commercial latex. And Nizhnekamskneftekhim began producing polyethylene for cable insulation coating, previously produced from foreign materials.
- Place No. 1. Agricultural production.
Western sanctions have caused noticeable changes in the country's agricultural sector. A colossal layer of agricultural products required import substitution - from meat and dairy products to elite seeds. Several years of work to saturate the domestic market with such goods have yielded noticeable results.<
For example, Altai supplies marbled beef under the import substitution program, and production is growing. Over 1,500 hectares of area have been allocated for growing horticultural crops in Dagestan. The Cherkizov Group is expanding its poultry farming in the Lipetsk region. Thanks to the construction of the greenhouse plant, TyumenAgro has become the largest supplier of fresh plant products in the region. Every year the development of all areas of the agricultural sector in the Russian Federation is gaining momentum.
The leading sector of import substitution in 2016 is agriculture
One of the highly profitable industries in Russia is the agro-industrial complex. Its resources, with an appropriate level of technical support, were sufficient to support production in this segment. The laws of economic competition dictate the need to increase the efficiency of all subjects of market relations.
But our producers, unfortunately, were not sufficiently prepared for foreign commodity expansion; this was partly the reason for the reformation of economic policy. Import substitution has become the best solution in this difficult situation. For the Russian agricultural sector, it is intended to become a kind of bridge for the transition to a new technological level of work.
The concept of the import substitution program in the industry harmoniously fits into the main ideas of the “Doctrine of Food Security of the Russian Federation”, approved in 2010. The latest document has been revised several times, but its essence remains unchanged: in the Russian market it is necessary to create conditions that allow domestic producers to stand firmly on their feet, which will make the industry's economy virtually independent of the import of goods from outside. Import substitution eventually became one of the ways to implement the doctrine. The decrease in the import of imported products, by the way, led to a correction in the development program for the Russian agricultural sector.
But questions also arose in the field of macroeconomics, technological base and agro-ecological factors. These problems may be exacerbated in the event of a significant reduction in imports or a complete rejection of foreign products. Experts recommend not to overdo restrictions and maintain balance.
Objectives for the development of the agro-industrial complex:
The primary task in this area of import substitution is to support the integration process, which is aimed at improving the interaction of economic entities in the agricultural sector at different levels of management.
Optimization of effective control and management of the agro-industrial complex, which will help increase the productivity of farming as the basis of the entire industry.
Stimulating (as part of import substitution) the introduction of new economic instruments to support the industry, optimizing logistics in the process of interaction between partners, actively resolving issues of distribution and consumption of finished products and raw materials.
As a result of a study of the work of agricultural enterprises, their ineffectiveness in meeting the needs of modern consumers was revealed. This applies to both the quality of the product and secondary issues of interaction between all subjects.
The strategic goals that the state import substitution program sets for farmers can be achieved provided that a number of issues that have arisen in this industry for a long time are resolved. Among other things, it is necessary to expand the flow of investment in agriculture, optimize efficient land use, land reclamation, eliminate production stagnation in cattle breeding, stimulate domestic mechanical engineering to solve the needs of agriculture, etc.
Factors and features of agricultural development in the Russian Federation:
This industry is still partially dependent on supplies from abroad. It is not possible to fully provide the corresponding niches with your product in all its segments. As a result, there is a imbalance in production efficiency in various sub-sectors.
In the agricultural sector of import substitution, everything significantly depends on government support. Therefore, a whole array of measures, including a program for the development of private farming, is being developed at the state level, with an emphasis on regions with great agro-industrial potential.
The technical and technological backwardness of the industry is an important problem of import substitution, which stands in the way of increasing the efficiency of agricultural enterprises. The income of primary level producers in the agricultural process is not enough to modernize the technical base.
Market accessibility for producers also plays a big role. The backward infrastructure hinders the solution of the tasks set by the import substitution program in agriculture. Its inefficiency greatly affects the industry itself and the economic situation as a whole. This is clearly reflected in small enterprises, which are already struggling to compete with large chains of Russian commodity producers.
At this stage of the import substitution program, the Russian market is closed to foreign manufacturers. But it is completely unreasonable to reject foreign experience in the agricultural sector. For example, import substitution in agriculture can lead to a system based on the principle of closed production within the industry. Manufacturers will be involved in logistics chains and supplying goods to shelves. But a deep modernization of interaction patterns between market participants at all levels will be required. But the producers themselves will significantly increase their income, and for the consumer the price of the product will be significantly lower.
Problems in the development of the import substitution industry
The Federal Customs Service indicated that by mid-2017, the import of foreign products into Russia increased by almost 1/4. Various conclusions emerge. For example, the process of import substitution in any sector is so far nothing more than a utopia for the Russian economy. Or maybe this is the result of increased demand, i.e. the increased percentage of purchases shows that the crisis situation for consumers and investors is gradually being resolved. In any case, the ruble exchange rate is still a key stimulator of imports.
Compared to favorable times for the country, import figures are low, despite a jump in this figure at the beginning of 2017. In the second half of the pre-crisis year 2014, Russians purchased foreign goods worth $152 billion. And the latest result slightly exceeded 1/2 of the data for this period.
The “machinery and equipment” category, despite the achievements of the mechanical engineering industry in import substitution, is the leader in foreign supplies. May 2017 – 52.2% (of total imports), June – 53%. Last June, 2016, showed 49%, and these figures can become proof of positive trends in the country’s economy.
But imports of consumer goods have also increased significantly. Thus, in June, footwear and textile products were imported by 36.2% more. The total amount turned out to be over a billion dollars. Imports of medicines also increased slightly.
The strengthening of the ruble exchange rate was enough for a rapid increase in purchases from abroad. At the beginning of 2016, the average value of the dollar fluctuated around 70 rubles, and 57-58 rubles in the first half of 2017. The above examples showed the inconsistency of import substitution programs for most industries.
There is an exception. Import indicators in the agricultural sector and food production continue to decline. Against the background of a jump in import purchases in other industries, a decrease of 3.1% seems noticeable. The tasks in this area of import substitution are still gradually being realized.
The decrease in imports is partly due to the continued reduction in spending by our citizens. The demand for premium products, most often of imported origin, has fallen almost to zero. And the lifting of the embargo in the food industry is not yet expected.
But a major problem in macroeconomics may arise: with an increase in imports, GDP growth (part of which is net exports) will begin to decline, due to the fact that the balance of payments will decrease. Although, according to experts, this is a matter of the distant future.
THE MINISTRY OF PROJECTS ANNOUNCED A PUBLIC DISCUSSION OF THE PROJECTS
PROVISIONS GOVERNING THE PROCESSES OF CONDITIONS, EVALUATION, SELECTION AND FINANCING OF FUND PROJECTS
Draft documents of the Foundation are posted on the Foundation’s website and on our portal, defining:
The Foundation is interested in the opinion of the expert community. You can send your comments and suggestions to us by email at vr_cons@mail.ru or to the Foundation’s address: rftr@rftr.ru
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We invite companies engaged in the production of equipment, goods, provision of services, development of software that replace imported analogues or do not have imported analogues - to submit applications for inclusion in the list of import-substituting products, goods, and works. Information can be sent to our email. If you encounter any difficulties when filling out investment project passports or if you need to develop a business plan according to the standards of federal ministries, please contact us.
Directions of financial support of the Fund - debt financing of projects aimed at:
- import substitution and production of competitive civilian products;
- completion of the development of a new civilian product and the development of a feasibility study for projects planned for implementation with the support of commercial banks; private investors, development institutions.
The Fund provides financial support for projects aimed at:
- development and implementation of promising technologies at enterprises (including basic industry technologies), taking into account the principles of the best available technologies;
- creation, completion of development and introduction into production of new high-tech competitive industrial products;
- development of financial-economic, technical-economic, design-engineering and other types of analysis, examinations and justifications necessary for the further implementation of production and technological projects with the involvement of bank lending and funds from private investors;
- implementation of technological and industrial projects carried out in priority areas of Russian industry and aimed at substitution of goods.
Financial support for the Foundation's projects must meet the following requirements:
- loan amount - from 50 to 700 million rubles;
- loan term - from 5 to 7 years;
- rate % (announced) 5-6% per annum;
- total project budget - from 100 million rubles;
- the target sales volume of new products is at least 500 million rubles. per year, starting from the 2nd year of serial production;
- availability of co-financing of the project from the applicant, private investors or bank loans in the amount of at least 30% of the project budget;
- the share of financing of development work and engineering services in the total loan amount must be at least 50%.
Expansion of the numerical values of the requirements for a project applying for financial support is possible by decision of the Supervisory Board of the Fund.
Criteria for selecting projects for financial support (projects are assessed for compliance with the following criteria):
- market prospects and potential for import substitution of the product;
- scientific and technical prospects of the product and project, including compliance with the principles of the best available technologies;
- production feasibility of the project and the company’s strategic interest in its implementation;
- financial and economic efficiency and sustainability of the project;
- financial solvency of the borrower and sufficient loan security;
- legal viability
To assess the project’s compliance with the criterion “Market prospects and potential for import substitution of the product”, in particular, an examination is carried out according to the following parameters:
- availability of a market for the product;
- positive dynamics of market development;
- the presence of competitive advantages relative to Russian analogues and foreign analogues presented on the Russian market;
- classifying the product as an import-substituting product.
The Ministry of Industry and Trade of the Russian Federation has prepared scrollpriority types of products to form investment projects that promote import substitution, increase exports and technological development.
Enterprises planning to organize the production of products from this list can provide information about the planned investment project for transfer to the Ministry of Industry and Trade of the Republic of Tatarstan for the purpose of including information in the budget and subsequent receipt of state support on a competitive basis.
The Ministry of Industry and Trade of the Russian Federation collected the first information until 02/01/2015. This list is constantly expanding.
We offer companies engaged in the production of equipment, goods, services, and software development that replace imported analogues or have no imported analogues submit applications for inclusion in the list of import-substituting products, goods, works.
Information can be sent to our email. If you encounter any difficulties when filling out investment project passports, please contact us.
We will be happy to help you resolve your issues.
Employees of the company "Right Decision" provide consulting services for projects, develop strategies and development programs, plans - development programs (road maps), other necessary documentation, conduct research and advise on business issues.
We offer you to take advantage of the Company’s range of services:
- consulting and information support for participants in state competitions for state support in the form of tax breaks, grants and subsidies, other types of support, support of the applicant’s project in competitions of Ministries, departments, foundations, and other organizations of the Republic of Tatarstan and the Russian Federation,
- development of a development concept (strategy), business plan, feasibility study (feasibility study), memorandum, presentation, project passport, preparation of a package of project documentation,
- conducting market research (marketing) - searching for niches, market assessment
- attracting strategic and financial partners, investors in the project, business
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