Share of domestic IT producers up twofold — minister

Business & Economy October 26, 2023, 14:49

All the software developers have also received huge support measures, including the moratorium on inspections and the zero income tax rate, Maksut Shadaev said

MOSCOW, October 26. /TASS/. The share of domestic IT producers moved up by a factor of two in the domestic market and is above 50%, Minister for Digital Development Maksut Shadaev said in an interview with the Rossiya-24 television channel.

"Our market has not collapsed, while the share of Russian producers at the same time has increased by a factor of two and is over 50%," the minister noted.

All the software developers have also received huge support measures, including the moratorium on inspections and the zero income tax rate, Shadaev said. "Certainly, all that further stimulated Russian companies to invest money in development, in new products," he added.

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