Related Keywords: domestic producers, form of subsidies from the federal budget, implement projects, new industrial park, provide additional state support, Russian government, technical modernization, technical textile and nonwoven industry
The Russian government is considering providing additional state support to its domestic producers of technical textiles and nonwovens. Russian Minister of Industry and Trade plans to provide funds which will help producers to complete currently implemented projects and to launch new ones.
According to an official representative of the Russian Ministry of Industry and Trade, part of the funds will be also invested in the technical modernization of the national industry of technical textiles and nonwovens, as the share of outdated equipment in it remains very high.
