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20 September 2012, 15:57

Bashkortostan presents projects in Sochi jointly with JSC “RUSHYDRO”

The XI international investment forum “Sochi-2012” is opened in the town of Sochi today and representatives of nearly all Russian regions and many foreign countries traditionally take part in its work. Delegation of Bashkortostan is headed by the president of the Trade-Industry Chamber RB Uri Pustovgarov.
Factors of Russian economic competitiveness are one of the main themes of the forum. Its participants will discuss inculcation of innovational technologies and increase of human capital’s quality, modernization of infrastructure and formation of favorable investment climate as well as establishment of open and really partnership relations between authority, business and experts.
Experts call the forum a catalyst of economic modernization. The international investment forum in Sochi is considered one of three main economic forums in the country and its main goal is improvement of investment climate and assistance to establishment of business relations between regions and representatives of Russian and foreign business. Besides, this is the site, where many regions and enterprises can introduce their products and projects.
Press service of the Trade-Industry Chamber RB reports in 2012 Republic of Bashkortostan introduces its projects to participants of the forum jointly with JSC “RUSHYDRO”: the project of the plant for production of hydro-engineering equipment “RUSHYDRO-ALSTOM” and the project of a techno-park of energy efficient technologies.
Construction of this plant promises to give 500 new workplaces to the Republic. The total volume of investments is more than 4 billion USD and the plant’s output will be used at electric stations all over the country.
Translated by:Lubov Kolokolova