The public proposed to promote Tatarstan more actively

The session of the Public Council under Tatarstan Investment Development Agency (TIDA) was held. In the framework of the event, the results of work for 9 months of the year 2016, as well as the project of Investment Development 0 Strategy of the Republic of Tatarstan for the periods 2017-2021 and up to 2030 were discussed.

In addition to the members of the Public Council the meeting was attended by the representatives of the Ministry of Economy of the Republic of Tatarstan, Center of economic and social research under the Cabinet of Ministers of Tatarstan and a number of other entities.

The head of Tatarstan Investment Development Agency Taliya Minullina in her opening remarks pointed out that the strength of any governmental body is first of all in its staff, strong close-knit team, an example of which is Tatarstan Investment Development Agency.

According to Taliya Minullina, for the second consecutive year, Tatarstan ranked first in investment climate in Russia, which means that the republic is the best Russian region for investment on the territory of the Russian Federation.

"This year we have positive results in foreign investment growth with common indicators tripled. We received investments from 20 countries in 6 months. Regarding the dynamics of attracting direct foreign investment by the republic, it increases for 10-20% per year", - Taliya Minullina added.

In her presentation, she noted that as of today, there are more than 780 enterprises with foreign participation have registered in the Republic of Tatarstan, including over 100 companies registered this year alone. There are 60 projects totaling USD 45 billion supported by the Agency. The projects are quite different, related to agriculture and industry, most of them are going to be implemented on the territory of Elabuga, Naberezhnye Chelny, Kazan, as well as in Laishevsky and Pestrechinsky districts. Moreover, in her presentation, the Head of the Agency indicated the importance of development of the districts of the republic which have got no industrial zones yet.

It is worth noting that during the period of 9 months of 2016, Tatarstan Investment Development Agency organized over 30 business-missions of different foreign delegations in the Republic of Tatarstan. Over 100 presentations of the Republic of Tatarstan were organized abroad by the manager and staff members of TIDA.

In discussing the project of Investment Development Strategy of the Republic of Tatarstan, it was pointed out that the implementation of the Strategy in 2017 – 2030 will have a positive impact on social and economic development of the Republic of Tatarstan, improve the availability, efficiency and quality of services provided in the sphere of investment. The implementation of the measures contained in the Strategy will increase the volume of gross regional product, investment in basic capital exclusive of budget funds, including foreign direct investment and increasing amount of residents involved.

The members of the Public Council evaluated the work of the Agency positively and offered different improvements, in particular, to emphasize the promotion of Tatarstan in foreign mass media so that the information about investment possibilities of the Republic is even easier to find. The proposals are accepted for execution for its further development of actions for their implementation.