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Sobyanin announces new industrial policy in Moscow

April 26, 2012, 3:49 UTC+3
A new department will be created within the city government to deal with science, industrial policy and entrepreneurship
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MOSCOW, April 26 (Itar-Tass) —— The Moscow city government has announced a new industrial policy that will be based on clear and transparent principles, Moscow Mayor Sergei Sobyanin said.

A new department will be created within the city government to deal with science, industrial policy and entrepreneurship. It will be tasked with giving up costly and ineffective support for industry that provided in the previous years.

“The new industrial policy of the Moscow city government should be based on clear and transparent principles. This means targeted support only to those enterprises that have the potential to become high-tech and therefore competitive,” Sobyanin said.

The new policy will also give business equal access to state support programmes on the basis of unified rules and engage entrepreneurs in the development of programmes and their implementation, the mayor said.

 

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