Vnesheconombank Intends to Participate in Creating Innovation Cluster to Manufacture Auto Components in the Republic of Tatarstan

As part of the 6^th Kazan Venture Fair on April 25, 2012 Vnesheconombank, Investment and Venture Fund of the Republic of Tatarstan, the Russian Venture Company and LLC Ford SOLLERS Holding entered into a Memorandum on Cooperation.

On behalf of Vnesheconombank the Memorandum was signed by Board Member, Vnesheconombank Deputy Chairman Mikhail Kopeikin.

The Memorandum aims to establish long-term partner relations to build and develop an innovation territorial cluster to manufacture auto components in the Republic of Tatarstan.

The parties agreed to work out a joint action program aimed at developing an auto parts manufacturing sector in the Republic of Tatarstan for a period of up to 2020. The program provides for creating innovation auto parts production facilities on the basis of the Alabuga special economic zone including small and medium-sized enterprises as well as a unified science and technology center to develop modernized and principally new engineering solutions in manufacturing auto components.

Taking into account Vnesheconombank Group’s available mechanisms for supporting SMEs, Vnesheconombank is ready to consider projects of small and medium-sized enterprises participating in the auto components cluster.

In the course of the Kazan Venture Fair Vnesheconombank’s representatives also acted as moderators and speakers at the Fair’s plenary session and key workshops.

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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