Investment growth will reach 11% in Altai Krai in 2017-2019
Public hearings regarding the draft law of Altai Krai “On the regional budget for 2017 and the planning period of 2018 and 2019” held in Altai Krai. The event was attended by members of the Regional Legislative Assembly, heads of municipal administrations, representatives of executive authorities, a number of public associations and mass media.
Deputy Head of the Main Department of Economy and Investment of the region Vera Elnikova presented the forecast of socio-economic development of the region for 2017 and the following two years.
In 2017-2019, the total index of industrial production could reach 106% in comparable prices. The manufacturing sector will keep the predominant share in the structure of industrial production. Drivers of growth will be the production of food, agricultural machinery industry, chemicals and pharmaceuticals, production of rubber and plastic products. The implementation of the plan of measures to promote import substitution in Altai Krai until 2020, the development of innovative technologies by regional enterprises, the development of energy infrastructure, government support for promising investment projects will also contributed to the development of industrial production in the medium term. The main developed points are clusters. The formed clusters activity (biopharmaceutical “Altaibio”, Agricultural engineering, power engineering, composite) will focus on the development of the research and development sector, as well as cooperation in the sphere of science and technology.
The Main Department of Economy and Investment reports, that the total investment in fixed assets is estimated at 96 billion rubles by the end of 2016, or 96.7% compared to the previous year (in Russia - 96.3%). Taking into account the creating conditions for the growth of business activity: improvement of the regulatory and legal framework, which ensures the regional measures of state support, the use of federal instruments, such as the Industrial Development Fund, the SMEs Corporation, priority project for monotowns, creating the PDA - there is reason to anticipate investment growth in a period of 2017-2019 at the level of 11%. In monetary terms, the volume of investment in fixed assets may reach about 122 billion rubles by the end of 2019.
An important area of investment development is the formation of infrastructural prepared investment areas, establishment priority socio-economic development areas in monotowns Zarinsk and Novoaltaisk, which will become new points of economic growth and attraction of highly skilled human capital. The project teams of these municipalities are currently trained to manage monotowns development projects. Education of monotown management team is one of the necessary conditions for the establishment priority socio-economic development areas (PDA), which will solve the problem of the “focused” specialization of the town’s economy in the future.