The Ministry of Industry and Trade of Russia has determined the winners of competitive selections among light industry enterprises to receive subsidies totaling 632.6 million rubles on loans for technical re-equipment of production and to increase production volumes. The competitive selection took place from April 25 to May 15.

15 investment projects in the light industry fought for the right to subsidies for technical re-equipment of production. 11 applications were recognized as winners, including from JSC "Zalesye", JSC "Shui calico", LLC "Weaving Factory"Ribbon" named after March 8" and others. The amount of budget funds for this support measure in 2018 is 70 million rubles.

38 companies took part in the competition for reimbursement of part of the costs aimed at increasing production volumes, the leading positions were taken by CJSC Gloria Jeans Corporation, Ionessi Shoe Manufacturing JSC, Avangard LLC and others. The amount of budget funds for this support measure in 2018 is 562.6 million rubles.

Source: Ministry of Industry and Trade of the Russian Federation

Photo: shutterstock