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Plans to Invest 6.2 Billion Rubles in the Development of Five Import-Substituting Industries in Kuban

Source: Administration of Krasnodar Region

In the development of five import-substituting industrial productions in the Krasnodar region, 6.2 billion rubles will be invested. Tripartite agreements with investors and heads of municipalities were signed at the St. Petersburg International Economic Forum.

The industry is becoming one of the most investment-attractive sectors of the economy of the Krasnodar region. Over the past 5 years, the volume of capital investments has increased more than 7 times and at the end of last year amounted to about 66 billion rubles, which is a historical record for our region.

As part of one project, it is planned to expand the import-substituting production of medical devices in the Seversky district. The company intends to create lines for the production of various products. The output of production at the design capacity will allow the production of more than 98 million products per year and create about

About: St. Petersburg International Economic Forum

The St. Petersburg International Economic Forum (SPIEF) is a leading global economic conference hosted annually in St. Petersburg, Russia, since its inception in 1997. Organized by the Russian government, SPIEF serves as a platform for discussion among business leaders, politicians, and experts from around the world on key economic issues facing Russia, emerging markets, and the world at large. The forum has consistently attracted high-profile participants, including heads of state and CEOs from major global corporations, facilitating significant business deals and economic agreements.

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