Russian Industry Development Fund financed 8 projects for 2 billion rubles in Bashkiria

UFA, 5 December 2018. /Bashinform News Agency, Azat Gizatullin/ translated by Tatiana Aksyutina/. The Russian Industry Development Fund in Bashkortostan financed 8 economic projects for a total amount of 2 billion rubles, the first deputy head of the fund Andrey Manoilo told about this in the city of Beloretsk.

“We are satisfied very much with the fact that the range of projects financed in Bashkortostan covers various areas - from complex metallurgical production, conversion of defense enterprises to the production of consumer goods. The R&D "Alternativa" is a good example, which produces plastic toys and plastic products. As for the Beloretsk Metallurgical Plant, then, indeed, we are considering another project. I think that we will continue this work”, said Andrey Manoilo at a press scrum during the opening of a new production facility at the Beloretsk Metallurgical Plant.

According to the first deputy of the Industry Development Fund of Russia, he was personally interested to see how the project for the production of multi-strand ropes was implemented at Beloretsk Metallurgic Plant.

“Now it is a modern production, a beautiful shop, producing unique products for Russia. Certainly, all this will be in demand".

In 2018, the federal Industry Development Fund allocated 478 million rubles for the production of auxiliary gas turbine engines and other components at Ufa Gidravlika plant. The total cost of the project is 959 million rubles. The company will create 15 jobs.