Russia to spend up to $5.8 bln on electronics industry until 2025

Telco

Russia plans to allocate 140 billion rubles ($5.5 billion) - 150 billion rubles ($5.8 billion) to develop its electronics industry through 2025, the Industry and Energy Ministry said in a press release Tuesday.

“The strategy is primarily aimed at taking measures to ensure the development and production of domestic electronic components,” the ministry said. Under the strategy, possible investment could total 227 billion rubles ($8.9 billion) - 247 billion rubles ($9.7 billion). “Russian electronic sales are expected to be no less than 45 billion rubles ($1.8 billion) annually in 2011, and 350 billion rubles ($13.7 billion) in 2025,” the ministry said.

The Industry and Energy Ministry said by 2011 Russian producers would use up to 70% of Russian electronic components against the current figure of 35%. “We can expect scientific-technical cooperation to achieve advances, as well as a breakthrough in new technologies, including nanotechnologies, bioelectronics, optoelectronics and quantum computers, by 2025,” the ministry’s statement reads. (rian.ru)

ADVERTISEMENT

Industries lose billions on counterfeit products Analysis

Industries lose billions on counterfeit products

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.