Rustam Minnikhanov: Tatarstan has created the most favorable conditions for foreign investors

12.01.2017

On January 12, during the international academic and research conference "The Gaidar Forum – 2017" Tatarstan President Rustam Minnikhanov took part in business breakfast for the Advisory Council on foreign investments in Russia "25 Years: Foreign Investments in Russia's Social-Economic Development".  

The issues of investment activities in modern Russia, performance of regions in this area, creating conditions for attracting foreign capital were discussed during the conversation.

According to Minister of Economic Development of Russia Maxim Oreshkin, foreign investment has played an important role in the Russian economy. Apart from money, foreign companies bring new technologies and build a culture of more effective business, he said.

Speaking at the event, Minnikanov stressed that foreign investment is beneficial for every region. There are about 1600 companies with foreign capital in Tatarstan. The Investment Development Agency was set up in the republic to solve important tasks in terms of attracting investment and forming a favorable investment climate. A special website in 11 languages, which allows potential investors to receive more information about the economy and industry of Tatarstan, was created by the Agency.

He added that to attract investors a reliable material base is needed. A lot of work has been done in Tatarstan in terms of infrastructure development. There are two special economic zones, Kama Industrial Park "Master", Technopolis "Himgrad", a number of industrial sites in different municipal districts in the republic.

Minnikhanov particularly noted the special economic zone "Alabuga", which is one of the most effective zones in the country. As of today, 22 plants, employing above 5600 people, more than 90 per cent of which are domestic specialists, have been launched there. The most favorable conditions have been created for business development and for life in the zone.

"Attracting foreign companies requires scrupulous systematic work. Giving numerous presentations of economic and investment potential of the region abroad and participating in various exhibitions and forums contribute a lot to expanding business contacts,” Tatarstan President said.

Minnikhanov went on to say that holding major international sporting events, the 2013 Summer Universiade and 2015 World Aquatics Championships was of great importance for Tatarstan. In 2019 Kazan will host WorldSkills Competition.

“However, personal involvement of regional leadership is the key to success in the work on attracting investment," Minnikhanov said.

Speaking at the meeting, Director General of 3M in Russia Robert Nichols said 3M plant was launched in SEZ “Alabuga”. He emphasized that Tatarstan has supported the American manufacturer and thanked the leadership of the republic for overall assistance.

President of Schneider Electric for Russia and the CIS Johan Vanderplaetse also noted positive dynamics in terms of development of cooperation with Tatarstan, adding that active work on the development of joint projects is underway. 


Tatarstan President's Press Office, Bulat Nizameev