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Medvedev approves rule for giving subsidies for new generation composite technology

November 01, 2013, 16:52 UTC+3
Government plans to provide subsidies to support the development of technologies of making new-generation composites within state program
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Photo ITAR-TASS/ Valeriy Sharifulin

Photo ITAR-TASS/ Valeriy Sharifulin

MOSCOW, November 1 (Itar-Tass) - Russian Prime Minister Dmitry Medvedev has approved the rules for the granting of subsidies to support the production of composite materials, reports the official website of the Russian government.

The document approves rules for the granting of subsidies to support the development of composites and products from them “within the framework of implementing by Russian organisations of complex innovative high-technology products development projects.” The subsidies are provided to support the development of technologies of making new-generation composites within the state program for the development of the Russian industry and improving its competitiveness.

“The mechanism of the plan implementation provides for a full range of innovative works - from the creation of new-generation materials, new technical and technological solutions to the development of high-technology products based on the obtained results,” the government noted. “This measure of state support will contribute to the formation of the basis for the creation and development of modern knowledge-intensive industry of composites, ensuring global competitiveness, innovation development and growth of export potential of key sectors of the Russian economy.”

The roadmap for the development of the Russian composites production sector was approved in late July. The plan specifies as a key priority the opening of mass markets of products that will be able to secure the necessary resources for the launch of investment projects and further development.

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