We are talking about the microelectronics manufacturer
Posted: Mon Jan 20, 2025 8:42 am
Russian Prime Minister Mikhail Mishustin said at the Innoprom 2024 forum on July 9 that the manufacturing sector production index in Russia grew by 7.5% in 2023 and by about 9% in the first five months of 2024, with a positive trend observed in almost all areas.
"In radio electronics, the production index growth for January-May 2024 was almost 40%, in the automotive industry it increased by about a third, and in medicines and medical materials by 8%. Such dynamics would not have been possible without the active participation of entrepreneurs, modernization and expansion of our production facilities," explains Mikhail Mishustin.
According to Mikhail sweden whatsapp resourceMishustin, targeted loans at low rates of 3-5% per annum, provided by the Industrial Development Fund (IDF), are available for the modernization and launch of new high-tech enterprises; about a third of the loan portfolio consists of small and medium-sized business projects.
The head of government reported that with the help of preferential loans, a line for assembling microcircuits and chip modules for bank cards was launched in the Moscow region in 2024.
Mikron (part of the Element Group). It launched a line for assembling microcircuits into plastic cases at a site in the Technopolis Moscow special economic zone, as well as an additional line for producing chip modules for bank cards, electronic documents and SIM cards.
Total investments in production development amounted to 1.35 billion rubles. Of these, 1.08 billion rubles were provided by the Industrial Development Fund in the form of a preferential loan for the purchase of 61 units of high-tech equipment.
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Thanks to a loan from the FRP, Mikron launched microcircuit assembly lines
Microelectronics manufacturer Mikron (part of the Element Group of Companies) has launched a line for assembling microcircuits into plastic cases at a site in the Technopolis Moscow special economic zone, as well as an additional line for producing chip modules for bank cards, electronic documents and SIM cards.
The Industrial Development Fund offers preferential terms for financing projects aimed at developing new high-tech products, import substitution, leasing of production equipment, machine tool manufacturing, digitalization of existing production facilities, production of high-tech civilian or dual-use products by defense industry enterprises, production of components, product labeling and increasing labor productivity.
To implement new industrial projects, the Fund provides targeted loans at rates of 3% and 5% per annum for up to seven years in amounts from 5 million rubles to 5 billion rubles (within the framework of the main financing programs), stimulating the inflow of direct investment into the real sector of the economy.
"By decision of Russian President Vladimir Putin, the Industrial Development Fund will receive 300 billion rubles for additional capitalization over six years - the size of its limits will almost double," said Mikhail Mishustin.
"In radio electronics, the production index growth for January-May 2024 was almost 40%, in the automotive industry it increased by about a third, and in medicines and medical materials by 8%. Such dynamics would not have been possible without the active participation of entrepreneurs, modernization and expansion of our production facilities," explains Mikhail Mishustin.
According to Mikhail sweden whatsapp resourceMishustin, targeted loans at low rates of 3-5% per annum, provided by the Industrial Development Fund (IDF), are available for the modernization and launch of new high-tech enterprises; about a third of the loan portfolio consists of small and medium-sized business projects.
The head of government reported that with the help of preferential loans, a line for assembling microcircuits and chip modules for bank cards was launched in the Moscow region in 2024.
Mikron (part of the Element Group). It launched a line for assembling microcircuits into plastic cases at a site in the Technopolis Moscow special economic zone, as well as an additional line for producing chip modules for bank cards, electronic documents and SIM cards.
Total investments in production development amounted to 1.35 billion rubles. Of these, 1.08 billion rubles were provided by the Industrial Development Fund in the form of a preferential loan for the purchase of 61 units of high-tech equipment.
Read also
Thanks to a loan from the FRP, Mikron launched microcircuit assembly lines
Microelectronics manufacturer Mikron (part of the Element Group of Companies) has launched a line for assembling microcircuits into plastic cases at a site in the Technopolis Moscow special economic zone, as well as an additional line for producing chip modules for bank cards, electronic documents and SIM cards.
The Industrial Development Fund offers preferential terms for financing projects aimed at developing new high-tech products, import substitution, leasing of production equipment, machine tool manufacturing, digitalization of existing production facilities, production of high-tech civilian or dual-use products by defense industry enterprises, production of components, product labeling and increasing labor productivity.
To implement new industrial projects, the Fund provides targeted loans at rates of 3% and 5% per annum for up to seven years in amounts from 5 million rubles to 5 billion rubles (within the framework of the main financing programs), stimulating the inflow of direct investment into the real sector of the economy.
"By decision of Russian President Vladimir Putin, the Industrial Development Fund will receive 300 billion rubles for additional capitalization over six years - the size of its limits will almost double," said Mikhail Mishustin.