On March 19, representatives of Kaluga Region will join the Russian delegation at the VI Russia-Japan Investment Forum in Tokyo. Kaluga Region’s Minister of Economic Development Vladimir Popov will speak about the region’s strategic economic priorities, including the development of the automotive cluster and creation of an efficient transport and logistics system.
Kaluga Region is currently cooperating with global leaders of the automotive industry and automotive component manufacturers, including major European and Asian brands (such as Magna, Benteler, Fuyao Glass, Continental). The suppliers’ pool includes 26 first and second level companies. In 2013, over USD 140 million was invested in auto components manufacturing. The share of the automotive industry in overall industrial output is 45%.
The key factor for successful business development is a well-organized transport and logistics infrastructure. Kaluga’s projects like FREIGHT VILLAGE VORSINO, Yermolino Airport and Kaluga International Airport expand the opportunities for cooperation with partner countries.