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Raising defense order profitability index for industry to 16-17% possible — Putin

November 18, 2014, 17:43 UTC+3

The current rate of 7% is not enough, Russian President Vladimir Putins said

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© ITAR-TASS/Marina Lystseva

MOSCOW, November 18. /TASS/. Russian President Vladimir Putin said Tuesday the defense order profitability index for industry could be raised to 16-17% from the current seven percent.

“Seven percent is of course not enough. I don’t know whether we will be able to reach 20-25%, but 16-17% is quite realistic and sufficient for both the industry on the whole and separate enterprises to feel stable, confident and have potential for development,” Putin said at a forum of the All-Russia People’s Front movement.

“First of all, the potential for technical development,” he said.

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