Bashkortostan import substitution project will receive 235 million rubles from Industry Development Fund

UFA, 2 October 2015. /Bashinform News Agency, Sergey Zakharov/. The Expert Council of Industry Development Fund Fund of the Ministry of Industry and Trade approved a loan in the amount of 235.3 million rubles for the implementation of the first import substitution project in Sterlitamak - production of elements of NC machines cabinet-type protection. The total cost of the project in view of the fund loan will make 386 million rubles.

The total number of projects approved by the Fund has reached 35. The project will bring to the economy of Russia 54 billion rubles, of which loans to the fund amount to 12.28 billion rubles.

Under the project, the R&D Company "Stankostroenie" is planning to organize production of modern cabinets for machine tools with numerical control (NC). The company plans to take up 10-15% of the market share for machine housings for three years after the start of the project. At the same time new cabinets will be 10-15% cheaper than their foreign counterparts meeting safety, ergonomics and aesthetics requirements.

58 high-performance workplaces will be created. It is planned to invest 386 million rubles in the project, including a loan of the Industry Development Fund - 235.3 million rubles. It has been already invested 35.75 million rubles, according to the website of the Government of Bashkortostan.