MIL-OSI Russia: The government approved the creation of special economic zones in three regions

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MIL OSI Translation. Region: Russian Federation –

Resolutions of September 27, 2021 No. 1615, No. 1616, No. 1617.

The documents

Resolution of September 27, 2021 No. 1615

Resolution of September 27, 2021 No. 1616

Resolution of September 27, 2021 No. 1617

In the Orenburg, Smolensk and Ivanovo regions, new special economic zones (SEZ) will be created, which will become an additional incentive for the development of these regions. Such decisions were approved by the Prime Minister Mikhail Mishustin.

It is planned to locate at least eight companies on the territory of the Orenburg SEZ. Among them are manufacturers of plastic pipes, drilling equipment, lithium-titanium batteries for warehouse equipment. Also, a line for deep processing of meat will be launched at the site and a transport and logistics terminal will be opened.

To create comfortable conditions for business, 1.67 billion rubles will be invested in the infrastructure of the SEZ from the regional budget. At the same time, the volume of private investment in new production by 2030 will amount to about 8.9 billion rubles, and the number of jobs created will exceed 900.

SEZ “Stabna” will be opened in the Smolensk region, where it is planned to implement at least six investment projects. In particular, to build a factory for the production of knitted fabrics, an enterprise for the assembly of off-road trucks, and a peat processing plant. The volume of private investment in projects will be about 10.5 billion rubles, the number of new jobs – over 600.

Five residents are planning to start working in the special economic zone “Ivanovo”. These are companies that are engaged in the production of knitted fabrics, cotton yarns, fabrics for workwear, which fully corresponds to the historical economic specialization of the region. The new enterprises will employ about 3,200 people, and the volume of private investments in production will exceed 8 billion rubles.

Special economic zones are created for the development of industry, high-tech sectors of the economy, tourism and port infrastructure. Accommodation in the SEZ gives business a number of advantages. First of all – well-established infrastructure and communications. It is also about minimizing administrative barriers, tax benefits and customs preferences. All this helps the socio-economic development of the territories, contributes to the growth of employment and the well-being of citizens.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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