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Chairman of "Titan" gave a report at the Russian Investment Forum in Sochi.

21 February 2018

The Russian Investment Forum (RIF) was held in Sochi with the participation of Dmitry Medvedev, Prime Minister of the RF. The Chairman of GC "Titan" Mikhail Sutyaginskiy spoke at the session "Business in regions. To give a fresh impetus", and also signed two strategic agreements.

Mikhail Sutyaginskiy made a report that was devoted to the topic "New industrial models. Contract production and interregional cooperation as a tool for investments attraction". Moderator of this session was the director of the Association of Clusters and Technoparks – Andrey Shpilenko.

The Chairman of the Board of Directors of GC "Titan" JSC spoke in his report about the measures of state support necessary for industrialists. So, Mikhail Sutyaginskiy noted the reasonability of compensating a part of the investment by means of future tax deductions for the period of joint projectsimplementing, if a large business undertakes obligations to create work places and infrastructure facilities. In addition, the head of "Titan" spoke about the experience of interclustercooperation of Omsk region with other regions, in particular, with the Republic of Bashkortostan.

GC "Titan" also concluded two strategic agreements at the Forum. Agreement of Intent on implementation of investment project was signed between Eurasian Development Bank (EDB) and GC "Titan". The subject of this document was resources and efforts gathering to solve problems within mutually beneficial cooperation, including the production of new high-quality products; development of export to world markets; import substitution; creation of world productions which have no analogues in the countries of the Eurasian Economic Union.

The second document was signed with the State Corporation "Bank for Development and Foreign Economic Affairs" (Vnesheconombank) and the head of Omsk region Alexander Burkov. It assumes cooperation within the implementation of the project on bisphenol A production creation.

It should be noted that in order to discuss the projects of GC "Titan", Mikhail Sutyaginskiyheld meetings with the heads of legislative and executive authorities of regions, senators and deputies of the State Duma of the Federal Assembly of the RF, as well as with representatives of financial institutions, science and business community.

It should be also added that on the last day of the Forum,the round table was held, arranged by the Association of Clusters and Technoparks, with the participation of the Government of Krasnodar Territory. Mikhail Sutyaginskiy was invited to the meeting as an expert and shared his experience in cluster projects implementation, as well as his vision of a necessary measures to support industrial companies.

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