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		28 March 2017

Dmitry Medvedev noticed industrial production growth in Russia

Дмитрий Медведев отметил рост промышленного производства в России

On March 24, 2017, the final meeting of the board of the Ministry of Industry and Trade of Russia was held. Its theme is "The main results of the activities of the Ministry of Industry and Trade of the Russian Federation in 2016 and the aims and the objectives for 2017".

The event was opened by the Chairman of the Government of the Russian Federation Dmitry Medvedev. In his speech, the Prime Minister noted the role of the Ministry of Industry and Trade in the economic development process.

“Ministry of Industry and Trade of the Russian Federation works where more than ten of industry ministries acted in the time of Soviet Union. Life and economy are changed. Today we are talking about the management of industrial development in an open, modern market economy, technological renewal and revolutionary changes in production, when the state can no longer lead the industry and acts only through the formation of regulatory norms, supporting promising trends. And of course, acting in cooperation with integration partners", - said the head of the government of the Russian Federation.

Then Dmitry Medvedev focused on current indicators of industrial production development. He said that this year 107 billion rubles will be allocated to support certain industries. According to Mr. Medvedev, in 2016 production growth was about 1.5%. Among the leaders is the defense-industrial complex: the increase was 10%. In addition, the agricultural machinery production has increased 1.5 times.

According to the Prime Minister, the balanced import substitution will continue: the Ministry of Industry and Trade of Russia approved 22 sectoral plans. To solve this problem, a system of subsidies and tools is aimed, including the programs of the Industrial Development Fund.

A sourse: I-Mash

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