Tatarstan Investment Development Agency celebrates 2 years!
Two years ago in June 1, 2011 by the decree of the President of Tatarstan Rustam Minnikhanov Tatarstan Investment Development Agency was established.
Recall that Tatarstan Investment Development Agency was established in 2011 to provide an open dialogue of the Government of the Republic with investors. It is an executive body, which possesses the same authority as other Tatarstan Ministries and whose activities are aimed to attract investment, create a favorable investment climate, increase the investment attractiveness of the region and supporting the implementation of investment projects in the republic in a "one window" regime. The agency also is the body which maintains the register of agreements on public-private partnership in the Republic of Tatarstan.
Investment activity of Tatarstan Investment Development Agency aimed at the development of eight priority areas: chemical and petrochemical industry, mechanical engineering and automotive components manufacturing, information technology and telecommunications, construction, building materials and furniture, medicine and pharmaceuticals, agriculture products processing, halal industry, service industries and tourism.
In 2012 Tatarstan Investment Development Agency was determined as a curator of one of the priority investment projects in Tatarstan - a new investment platform Kazan Smart City - from the Government of the Republic. Tatarstan Investment Development Agency is responsible for the promotion of the platform to investors and search for international resident companies. To control Kazan Smart City in August 2012 was created a separate state agency - JSC "Tatarstan Development Corporation". The implementation of the Kazan Smart City project is aimed to the development of new directions of Tatarstan, which will be the main points of the region's growth in the future - on the investment platform, will be created a cluster of high-tech manufacturing, medical cluster, the education cluster, the tourism cluster.
In 2012 was also established Guarantee Fund of the Republic of Tatarstan, a list of obligations which include a guarantee fund obligations’ realization of small business entities of the Republic of Tatarstan on loans and guarantees for loans of small businesses to the banks up to 50% from the total liabilities of the NSR. As part of investment projects’ support on the principle of "one window" on the territory of the Republic of Tatarstan on July 5, 2012 Investment Board of the Republic of Tatarstan was formed.
In the nine municipalities of the republic Regional investment development agencies were established. In 2012 as part of efforts to improve investment infrastructure Tatarstan Investment Development Agency has paid special attention to the creation of a system of industrial sites at the municipal level. In Tatarstan develop such projects like industrial park "Chistopol", industrial parks "Development" and "Investor", M7 and "Tander".
In order to support export-oriented small and medium enterprises, assisting the promotion of the goods, produced in the republic, to the Russian and foreign markets, the positioning of the republic as an investment platform in 2013, JSC "Tatarstan Export Corporation" was created.
In February 2013 Tatarstan Investment Development Agency in the General Assembly of the World Association of Investment Agencies (WAIPA) in Geneva was chosen as the director of WAIPA Eastern Europe area. In April in the Annual AIM Investment Forum 2013 in Dubai, was an official launch of Kazan Smart City for foreign investors. The launching ceremony of a new investment platform of the Republic of Tatarstan was attended by President of the Republic of Tatarstan Rustam Minnikhanov, Vice-President and Prime Minister of UAE and Ruler of Dubai Sheih Mohammed Bin Rashid Al Maktoum. During the 2013 AIM were signed a number of investment agreements on implementation of Kazan Smart City and defined the official media partner of the project - an international news agency Thomson Reuters. Also were identified the first objects of the investment platform - a transit hotel, University of Management and hospitality, apart-hotel.
In October 2013 in Kazan will be held V International Summit on Economic Cooperation between Russian Federation and the countries of the OIC (Kazan Summit 2013) and the International Exhibition «EURO-ASIA 2013". Within Kazan Summit 2013 scheduled a ceremony of stone laying for the start of construction at the Kazan Smart City. In December 2013 in the capital will be the II International Winter Forum «INVEST IN TATARSTAN».
As a result of the work of the Republic of Tatarstan in the investment area in 2012 the volume of investment in fixed assets (excluding the budget) amounted more than 402 billion rubles (402,963,217 thousand), by 109.5% over the previous year in comparable prices. Total foreign investment received in 2012 amounted to 735.6 million (U.S. $ 735,608.6 thousand), of which the direct account is more than U.S. $ 577 million (U.S. $ 577,343.7 million) or 151 U.S. dollars per capita, which is 5.8 times more than in 2011 (U.S. $ 99,569.7 million).
Tatarstan Investment Development Agency Press Service