Denis Manturov spoke at a meeting of the Federation Council Committee on Economic Policy.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Denis Manturov spoke at a meeting of the Federation Council Committee on Economic Policy.

First Deputy Prime Minister Denis Manturov participated in a meeting of the Federation Council Committee on Economic Policy, chaired by Committee Chairman Andrei Kutepov.

The First Deputy Prime Minister emphasized the particular importance of constant attention to industrial development issues and noted the effective interaction between the Government and senators.

"For our core industries, achieving technological sovereignty and technological leadership is a strategic objective. This is the focus of a set of national projects, the implementation of which was discussed in detail yesterday at a meeting with the President. In addition to providing key economic and social sectors with essential products, the national projects define priorities for the entire industry. This involves technologically upgrading enterprises' fixed assets and training them to develop new, qualified personnel. The combination of these factors is a prerequisite for increasing labor productivity," said Denis Manturov.

Another emphasis was placed on the need to increase public and corporate investment in research and development. Developing the potential of small technology companies requires more active involvement of universities in the industrial agenda.

Furthermore, the First Deputy Prime Minister emphasized the priority of expanding public-private partnerships for the most capital-intensive industrial projects. This format is particularly in demand for large-scale initiatives to develop and deeply process mineral resources, and produce strategic materials and critical components.

"All of the outlined areas are key elements of Russia's state industrial policy. I particularly emphasize the fundamental role of our regions in its implementation. Over the past decade, the federal subjects have significantly strengthened their industrial infrastructure. This includes the creation and development of industrial and technology parks, the funding of regional industrial development funds, and the implementation of preferential regimes at our own level. We will certainly continue to monitor these issues, providing support to the federal subjects," said Denis Manturov.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.