SATURATED BUSINESS PROGRAM OF THE INTERFABRIC EXHIBITION HAS STARTED FROM DISCUSSING ISSUES OF INDUSTRIAL FINANCING AND METHODS OF SUPPORT OF PERSPECTIVE INDUSTRIAL PROJECTS
On August 28 of this year within the framework of the Business Program of the III International exhibition INTERFABRIC-2017 a plenary session ‘Measures of state support and financing opportunities for light industry enterprises’ was held. The event was attended by the heads of the Ministry of Industry and Trade of the Russian Federation, the SPD Foundation, the Innovation Support Fund, the Industrial Development Fund, representatives of the banking community and leasing organizations.
Summarizing the opinion and assessments made during the session, it is legitimate to draw the following conclusion: along with government measures to support the industry, investment and other business structures use different options for supporting and promoting projects of the light industry. And, perhaps, as the main criterion is the detailed elaboration of these projects, including a reliable estimate of the payback period and the volume of specific products produced by a new and / or reconstructed enterprise.
Eugeniy Ryzhov, the director of the department for the development of internal trade, light industry and legalization of the products turnover of the Ministry of Industry and Trade of the Russian Federation, singled out these accents in resolving the issues of allocating funds to support the industry. E. Ryzhov also noted that the effectiveness of measures to stimulate the industry and implement investment projects can not be measured by the ever-increasing financial “infusions”. It requires careful monitoring of already allocated funds, the results of their use and clarification of the specific needs of enterprises / projects in financial resources, incl. in working capital. To determine priorities in terms of supporting specific sub-sectors, enterprises and investment projects.
In addition, according to E. Ryzhov, not all enterprises effectively use the state support funds allocated to them: for example, these volumes remain partially undeveloped, more precisely, they are left as a reserve. At the same time, they are also requesting new financial resources.
Similar assessments were made by the president of the Russian Union of Entrepreneurs of Textile and Light Industry Andrei Razbrodin. Noting also that, on the one hand, state support has grown in recent years, and this has favorably affected production trends in many sub-sectors of the light industry. But on the other – its level is many times lower in comparison, for example, with machine building, automotive industry, and a number of other industries. However, the correct definition of priority “points” for the use of these funds in the light industry remains one of the current problems of the industry.
According to A.Razbrodin and other participants of the session, it is necessary to use more widely the possibilities of financing investment projects, represented by profile business / investment structures. But, in this regard, a thorough study of projects requiring capital investments is required. At the same time, the head of the Russian Union of Entrepreneurs of Textile and Light Industry emphasized that the Union has an expert-research base, which is necessary for a comprehensive assessment of the effectiveness of various investment options for sectoral / cross-sectoral projects. And, accordingly, is ready to provide practical assistance to enterprises in the optimal choice of these options.
Other participants of the forum continued the marked topic. For example, Sofya Alibekova, deputy head of the external communications department of the Foundation for the Promotion of Innovation (FPI), noted that the main objective of the FPI is to support, first and foremost, export-oriented companies planning the development of new products, also having experience in developing and selling high technology goods abroad. The related task of the Foundation is to integrate small and medium-sized enterprises (SMEs) into the chain of large enterprise suppliers with new high-end products manufactured in the SME sector as a result of R & D.
Support in the form of a grant, according to S. Alibekova, is possible in the amount of up to 15 million rubles with extrabudgetary co-financing in 50% of the grant amount. Among the projects financed by the Foundation are the production of a smart clothes complex with integrated sensors for monitoring and correcting human movements for sport training and rehabilitation. The assortment of projects in the light industry, financed with the participation of the FPI, can be significantly expanded.
Andrei Alekseev, the representative of the administration of the Tyumen region, explained the main directions of regional support for light and other processing industries. He noted, in particular, that among these areas – the reduction of the regional part of the profit tax to 4%; reduction of up to 0% of the property tax rate to 3 years from the date of commissioning of the facility with an investment of at least 300 million rubles. Provisions are also made for land, transport tax and investment loans at 7% per annum. In addition, investment projects receive administrative support on the principle of “one window”.
These and other measures, according to A.Andreev, stimulate the development of the regional light industry, which is more important in connection with the stagnation of this industry in the region for many years after 1991. And also because the Tyumen region has large volumes of resources for the production and export of integrated products of the chemical industry and light industry.
Evgeniy Kolesov (the head of the profile direction in Sberbank Leasing JSC) has focused attention on the insufficient level of use in the industry of leasing forms of support. Especially relevant and effective are such forms in the programs of technical re-equipment of the industry. Leasing in this sphere, according to E. Kolesov, ‘ensures preservation of the initial cost of equipment and prompt receipt of subsidies. Components of not less than a third of the cost of this equipment’. And the rate on the preferential loan is only 1% per annum for the advance payment, and the amount of guarantees, per one client for leasing, reaches 100 million rubles.
Dmitry Kolyasov, head of the profile department of the Industrial Development Fund, spoke during the discussion with a recommendation that provides for a combination of financial and non-financial support tools for the industry paying special attention to the development of non-financial measures to support enterprises through the state information system of industry: at the moment the system is actively developing and is filled with services that have practical application for enterprises.
One of the key services of the system is the catalog of industrial products, in which the enterprise can post free information about the products it produces. The catalog of industrial products is integrated with the electronic trading platform and the marketplace, which significantly expands the sales markets for the products. ”
In addition, within the framework of the state information system of industry, in the format of “Support Measures Showcases”, access to industrial subjects is provided to more than five hundred measures to support development institutes at various levels.
What, as noted by D. Kolyasov, contributes to the expansion of the capacity of enterprises to attract financial resources for investment projects. ”
During the plenary session, many other experts made presentations to the participants of the forum with their own experience of using state support funds and attracting investments. A number of proposals were also put forward to improve mechanisms in this area.
All the proposals will be summarized in the framework of the final recommendations of the plenary session.