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Kaluga Region Has Efficient Infrastructure

InvestRos, Third International Conference for Growth of Investments in Russia, began on April 14, 2016 in Moscow. Alexey Laptev, First Deputy Governor, Kaluga Region, took part in Investment Climate in Russian Regions session.  

Representatives of government agencies and business associations, heads of development institutions and experts discussed on mechanisms forming favorable investment climate in Russian regions and reviewed successful regional practices.   

Alexey Laptev delivered a speech on infrastructure created in Kaluga Region. Speaking of the existing 12 industrial parks of the region he noted that the first sites had been developed using borrowed funds provided by Vneshekonombank.   The efficiency of the borrowed funds use was calculated starting from the launch of the very first projects. Alexey Laptev noted: “Five out of 12 existing sites are being managed by Kaluga Region authorities. Today we may definitely speak of successful development of the investment sites. Virtually 80% of the residents operate at these sites. RUR 207 billion was attracted as investment, 18,800 new jobs wee created. RUR 14 was attracted per RUR 1 in infrastructure was attracted at average”.

The federal authorities highly praise the efficiency of the industrial infrastructure development projects. A decision was taken to compensate Russian regions for a share of costs associated with industrial parks infrastructure development in 2016 at the expense of revenues transferred by the industrial parks’ residents to the federal budget.  The list of industrial parks to be subsidized includes two parks located in Kaluga Region, namely, Rosva and Vorsino. RUR 1.7 billion is to be allocated.

Alexey Laptev said: “If we speak of five industrial parks developed using the borrowed funds, they have already paid to the federal budget over RUR 230 billion in taxes, i.e. RUR 11.5 per RUR 1 invested in the projects. Kaluga Region holds the first place in the Central Federal District in terms of its tax potential”. There is another important factor improving the regional economy stability and efficiency, namely the creation of necessary pre-conditions for small business development.  According to Alexey Laptev, special proposals are to be developed for innovative and export-oriented companies. An engineering center established in Obninsk may be viewed as such a proposal. Alexey Laptev also said: “This year we are to complete construction of a technology park for SMEs”.    

Additional information:

Currently Kaluga Region has over ten modern industrial clusters,  including a pharmaceutical cluster, a cluster for aerospace technology, polymer composite materials and structures, an agroindustrial cluster, an automotive cluster, a transport & logistics cluster,  a construction materials cluster and a metal engineering cluster. Both Russian and prominent global companies successfully operate within these clusters.