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Rogozin sees no need in building up state presence in defense industries

February 28, 2012, 12:58 UTC+3
75 percent of all defense industries are already under the direct control of the state
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MOSCOW, February 28 (Itar-Tass) —— Russian Deputy Prime Minister Dmitry Rogozin sees no need in building up the presence of the state in the defense-industrial complex.

He told the State Duma on Tuesday about 75 percent of all defense industries were under the direct control of the state – some, through the head offices of integrated entities.

“In our opinion, the need for a further increase of state control is absent,” Rogozin said.

He also announced that proposals were being drafted for ensuring the transparency of the defense-industrial complex’s finances.

“By March 1 I will have a memorandum on what lending institutions the defense-industrial enterprises are working with,” he said.

Rogozin recalled that in 2011-2014 government investments in the national defense industry would grow 3.5 times in contrast to 2010.

“And most of them – up to 75 percent – will be used to purchase new equipment for replacing the obsolete one, to upgrade enterprises and create new technologies,” Rogozin said.

 

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