MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
Today, there are about 370 enterprises in Moscow engaged in the production of computers, optics and electronics. Thanks to the active support of the city, they develop and bring innovative products to market, and also increase the range and volume of production. In just eight months of the year, companies have almost doubled the production of high-tech products compared to the same period in 2023. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.
“From January to August 2024, the capital saw a 96 percent increase in the production of computers, electronic and optical products. Shipments to customers increased by almost 40 percent and exceeded 386 billion rubles. Such results were achieved thanks to the support that the city provides to industrialists on behalf of Sergei Sobyanin. Today, companies have access to over 20 systemic tools, in particular, they can localize production in the territory of the special economic zone “Technopolis Moscow”, as well as obtain the status of a resident of the SEZ, attract a preferential investment loan or rent land for one ruble to implement a large-scale investment project,” said Maxim Liksutov.
For example, last year thanks to Moscow Fund for Support of Industry and Entrepreneurship The capital’s optical equipment manufacturer was able to attract almost three billion rubles under the preferential investment lending program. The enterprise has the status of a resident of the special economic zone “Technopolis Moscow”. The funds received were used to purchase new equipment for the production of high-speed optical transceivers and create a test bench. The term of financial support is three years.
“In the first eight months of 2024, Moscow saw an increase in the production of printed circuit boards, electronic computers, electricity production or consumption meters, semiconductor devices and much more. The products manufactured by the capital’s factories meet high quality standards and are in demand on the domestic and international markets. Thus, during the specified period, industrialists supplied customers with computers and peripheral equipment for more than 121 billion rubles, control and measuring and navigation devices for 117 billion rubles, and the volume of communications equipment shipped amounted to almost 68 billion rubles,” added the Minister of the Moscow Government, Head of the Moscow Department of Investment and Industrial Policy.
In addition, manufacturers who want to enter foreign markets can benefit from the support of the Mosprom center. It offers information and methodological assistance, including verification of counterparties and participation in business missions and international exhibitions. Since 2022, with the support of the center, Moscow companies have found new partners in the markets of Latin America, Africa, the Middle East, Southeast Asia and other CIS countries.
Moscow is the largest industrial and scientific-engineering center of Russia. There are more than 4.5 thousand industrial enterprises in the capital, employing over 750 thousand people. Every year, 150 new technology companies open here and dozens of investment projects are implemented, providing the city with additional jobs.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.