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Innovation Norway Looks for Investment Project to Russia

A delegation of Norwegian-Russian Chamber of Commerce visited Kaluga Region on December 12, 2014.  The visit objective was to get more information on Kaluga Region economy and to establish business contacts. The delegation has reviewed possible cooperation areas in the course of its meetings with Kaluga Region officials and business community.

The  delegation visited Vorsino industrial park with Freight Village Vorsino multimodal transport and logistics facility located in its territory as well as Obninsk technology park and Grabtsevo industrial park.

Participants of the meeting held between Norwegian-Russian Chamber of Commerce delegation and Kaluga Region authorities and business community noted that open dialog between  Russia and Norway was of primary importance. Dmitry Abramov, the head of  investment department under the Ministry for Economic Development of Kaluga Region, delivered a presentation on Kaluga Region investment potential. The list of key advantages includes close proximity to the largest market of Russia, highly qualified personnel  and available sites for new production facilities, including 10 industrial parks and Lyudinovo special industrial economic zone, the  closest SEZ of its kind to Moscow.

Lyubov Bychkova, the acting head of the Moscow representative office of Innovation Norway, Norwegian state-owned company, expressed hope to develop close cooperation with Kaluga Region. Innovation Norway’s objective is to promote industrial and innovative development to the benefit of business and state economy. The company offers access to co-investment funds to businesses planning to invest in Russia. The priority areas for investments are the following; healthcare, biotechnology, medical equipment and agriculture.

Lyubov Bychkova  said: “Today we are looking for promising Russian projects to invest in. We are ready to invest NOK 15,000,000 in projects. The amount of investments in each project may be up to 80% of its cost.   We are talking of innovative SMEs. We were amazed by the scale of Kaluga Region industrial parks. We are interested in cooperation in this field”. 






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